65% of jobs require some type of college degree. As tuition skyrockets, how much is it really worth when you can basically learn all the things you actually are interested online.
Trends like the Gig economy, smaller boot camps and more directed programs that don’t take as long are gaining momentum not to mention huge interest in educational classes from places like Lynda, Pluralsight, LinkedIn and Youtube are recognizing the need for knowledge in the market.
This is all happening while tuition’s skyrocket. So is it even worth it?
Georgetown set out to find out. They considered 4500 Schools for non-profit, profit and private schools in the country.
Best long-term plan: Four-year private, nonprofit colleges. These pricey degrees take a while to bear their fruits. For example, Babson College, a private college in Massachusetts, ranks 304th in value at 10 years, but 7th after 40 years, with a payoff of $1.98 million—edging out Harvard University at $1.96 million.
Best short-term plan: A two-year certificate or associate’s degree can have a high return on investment after 10 years, particularly in nursing. Veeb Nassau County School of Practical Nursing and Putnam Westchester BOCES-Practical Nursing Program rock 40-year payoffs of $1.4 million, which are in line with the payoffs of four-year degrees from Northwestern University or the University of Chicago. #gonursing
Why it’s hot:
Because of all the questions it arises!
Is it worth it for some people to go to certain schools? Shines a bit of more light not only on the institution but a bit on the actual attendees.
average age of entry for CUNY schools is higher than private schools. Why is that?
And some of them average 33. So the idea of the typical college grad is different than the norm.
What are the stats for you school?