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Eight girls graduating from college in their gowns, with their backs turned toward the camera
Students who do graduate from college are likely to begin a career in debt. (Photo courtesy of Kevin Dooley/flickr)

"What the educator does in teaching is to make it possible for the students to become themselves" (Paulo Freire, Pedagogy of the Oppressed). David Simon, in his book Social Problems and the Sociological Imagination: A Paradigm for Analysis (1995), points to the notion that social problems are, in essence, contradictions—that is, statements, ideas, or features of a situation that are opposed to one another. Consider then, that one of the greatest expectations in U.S. society is that to attain any form of success in life, a person needs an education. In fact, a college degree is rapidly becoming an expectation at nearly all levels of middle-class success, not merely an enhancement to our occupational choices. And, as you might expect, the number of people graduating from college in the United States continues to rise dramatically.

The contradiction, however, lies in the fact that the more necessary a college degree has become, the harder it has become to achieve it. The cost of getting a college degree has risen sharply since the mid-1980s, while government support in the form of Pell Grants has barely increased. The net result is that those who do graduate from college are likely to begin a career in debt. As of 2013, the average of amount of a typical student's loans amounted to around $29,000. Added to that is that employment opportunities have not met expectations. The Washington Post (Brad Plumer May 20, 2013) notes that in 2010, only 27 percent of college graduates had a job related to their major. The business publication Bloomberg News states that among twenty-two-year-old degree holders who found jobs in the past three years, more than half were in roles not even requiring a college diploma (Janet Lorin and Jeanna Smialek, June 5, 2014).

Pictured is a graph titled Federal Pell Grants: Maximum Awards & Totals College Costs. This includes tuition, fees, room, and board at a public four year university or college.  In 1976, about $1,500 was the maximum pell grant award, and the total cost of school was about $2,000. In 1979, about $2,000 was the maximum pell grant award, and the total cost of school was about $2,750. In 1982, about $2,000 was the maximum pell grant award, and the total cost of school was about $3,100. In 1985, about $2,200 was the maximum pell grant award, and the total cost of school was about $4,200. In 1988, about $2,250 was the maximum pell grant award, and the total cost of school was about $5,000. In 1991, about $2,750 was the maximum pell grant award, and the total cost of school was about $5,500. In 1994, about $2,600 was the maximum pell grant award, and the total cost of school was about $6,500. In 1997, about $2,900 was the maximum pell grant award, and the total cost of school was about $7,700. In 2000, about $3,100 was the maximum pell grant award, and the total cost of school was about $8,500. In 2003, about $4,000 was the maximum pell grant award, and the total cost of school was about $10,500. In 2006, about $4,000 was the maximum pell grant award, and the total cost of school was about $13,000. In 2008, about $5,200 was the maximum pell grant award, and the total cost of school was about $14,500.
As can be seen by the trend in the graph, while the Federal Pell Grant maximum has risen slightly between 1976 and 2008, it has not been able to keep pace with the total cost of college.

Is a college degree still worth it? All this is not to say that lifetime earnings among those with a college degree are not, on average, still much higher than for those without. But even with unemployment among degree-earners at a low of 3 percent, the increase in wages over the past decade has remained at a flat 1 percent. And the pay gap between those with a degree and those without has continued to increase because wages for the rest have fallen (David Leonhardt, New York Times, The Upshot, May 27, 2014).

But is college worth more than money?

Generally, the first two years of college are essentially a liberal arts experience. The student is exposed to a fairly broad range of topics, from mathematics and the physical sciences to history and literature, the social sciences, and music and art through introductory and survey-styled courses. It is in this period that the student's world view is, it is hoped, expanded. Memorization of raw data still occurs, but if the system works, the student now looks at a larger world. Then, when he or she begins the process of specialization, it is with a much broader perspective than might be otherwise. This additional "cultural capital" can further enrich the life of the student, enhance his or her ability to work with experienced professionals, and build wisdom upon knowledge. Over two thousand years ago, Socrates said, "The unexamined life is not worth living." The real value of an education, then, is to enhance our skill at self-examination.

References

Leonhardt, David. 2014. "Is College Worth It? Clearly , New Data Say." The New York Times. Retrieved December 12, 2014. ( (External Link)&abt=0002&abg=1 ).

Lorin Janet, and Jeanna Smialek. 2014. "College Graduates Struggle to Find Eployment Worth a Degree." Bloomberg. Retrieved December 12, 2014. ( (External Link) ).

New Oxford English Dictionary. "contradiction." New Oxford English Dictionary. Retrieved December 12, 2014. ( (External Link) ).

Plumer, Brad. 2013. "Only 27 percent of college graduates have a job related ot their major." The Washington Post. Retrieved December 12, 2014. ( (External Link) ).

Simon, R David. 1995. Social Problems and the Sociological Imagination: A Paradigm for Analysis. New York: McGraw-Hill Education.

Questions & Answers

What are the factors that affect demand for a commodity
Florence Reply
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
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Venny Reply
how is the graph works?I don't fully understand
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information
Eliyee
devaluation
Eliyee
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WARKISA
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Lambiv
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Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
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Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
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Shukri
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Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
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Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
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Source:  OpenStax, Introduction to sociology 2e. OpenStax CNX. Jan 20, 2016 Download for free at http://legacy.cnx.org/content/col11762/1.6
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