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At What Price Does College Become Too Expensive?

August 27th, 2009

College used to be something that everyone aspired to and worked hard to get into. It was always said that a college degree is priceless and that saying is now really being tested. With the price of college escalating quickly to amounts that can be called nothing less than outrageous, one has to wonder whether college is truly worth whatever it costs no matter how much.

With so many students needing loans to get them through college, they need a job to help them pay off those loans while they go to school. Usually, a part time job college job is only good enough to tread water and pay off the interest on the loans and not the principle. With more and more colleges costing upwards of $10,000 per year, these students will most likely graduate being deep in debt. College is supposed to be a fun time where you learn, grow up, and have funnot a place where you end up heavily in debt.

Is it wise to have college students graduating with a mound of debt needing to be paid off? At that young age, people should be enjoying life and not have to feel the daily pressure of needing a job just to tread water with their debt. Finding a job now is hard enough and when you add in the debt load many of these graduates are carrying, it makes one wonder whether college was really worth it?

For many college graduates, a degree is not a job guarantee and in no time in history is that more evident than right now. Many people go on to have jobs and careers that have nothing to do with the areas they majored in at college. In fact, many new college graduates will end up taking jobs that dont even require a college degree.

Students who havent chosen paths that will lead to high paying jobs and dont have specific career goals may in fact be better off getting a job straight out of high school. This will allow them to earn and save money right from the start rather than go in debt. While it is true that a college degree is beneficial to have, if it costs more than you will ever get back and puts you heavily in debt, a good case can be made that many students might be better off seeking jobs rather than seeking admissions to college.

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