The 411 On Higher Education

The 411 On Higher Education

Therone Shellman

I recently had an interview on Therone Shellman Media Radio with Dr. La Toro Yates whose been a higher education professional for over a decade within CUNY (City University of New York.) His expertise is in enrollment and student recruitment. As we’re all aware higher education is both an investment in time and financial resources. I’ve had my own ideas, and as a lifetime self learner I’m not for or against pursuing a college education. Here’s some very important take ways I received through the interview, and from research I've done since then.

Higher education comes with a cost, and depending on the school a prospect wants to attend there can be a high price tag attached. It’s really up to the parents and prospective students to do their research to obtain the best education at the best value. A student can attend a city college for around $7,000 per year. Or attend and live on the campus of a bigger name school and pay $40,000-$50,000. Many parents and students are driven by the hype of a colleges name. Yet many fail to take the time to evaluate the future debt incurred. As the saying goes in financial literacy, “debts no ones friends.” The path to take is a huge decision and should be thought through carefully. The average student debt for recent college graduates is estimated to be $30,000. There's a current push to enact student loan forgiveness, and some community colleges have rolled out free college tuition for students who meet the criteria for the programs. The current national student debt is a staggering $1.7 trillion dollars.

Is college necessary to achieve career goals?
Depends on your goals. There’s some professions where a degree is necessary. Whereas there’s others where technical schooling, or certificate courses may suffice. Perdue (Global) and Rowan (Global) are examples of universities which provide certificate courses. Anytime there’s Global at the end of a university the curriculum consists of certificate programs, micro degree, workforce development degrees, and professional graduate programs. From a certificate standpoint they can be stacked to equal a credential a person can use to advance their career. Google as well just rolled out certificate programs which one can obtain certification in under six months.

The Georgetown University Center on Education and the Workforce released a report titled 'The College Payoff" Education, Occupations, Lifetime, Earnings. The study encompasses average lifetime earnings according to degree, women earnings in comparison to men who have the same degree, African American and Latino earnings in relation to Whites. The report can be viewed here

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