Is a College Education Still a Good Investment?
January 29, 2011
The United States may have a college education bubble that could soon start to burst, possibly as soon as mid-2011. While college may be worth attending if you plan on actually learning something, going to college simply to get a better job is becoming a poor choice, if it ever was a good one -- work experience will likely benefit you more than a degree.
The cost of college is the only thing in the U.S. that never declined in price during the panic of 2008; in fact, it rose in price substantially. Tuition is way up, but the employment situation in the U.S. has deteriorated. All across the U.S., students are graduating in debt with no jobs waiting for them.
According to the National Inflation Association:
"With all of the technological advancements taking place around the world today, the cost for a college education should be getting cheaper
... When the U.S. dollar collapses and the college bubble bursts, NIA predicts we will see a boom in online education where Americans take all of their courses over the Internet from the comfort of their own home at a fraction of the cost of traditional college."