Is a college degree still a good investment?

Are we overating the college degree today? Well, those of us born before the 90-s of the last century, like me, adhered to the traditional success formula. The “school – university – work – pension” paradigm used to be almost a constant. Any deviation from the mainstream course equalled planning for a failure. Personally, this is exactly how I felt in my twenties and thirties. So I was making sure I checked off everything on that list, although I didn’t consider getting my undergraduate and Master’s degrees a waste of time at that time because helped me to live the life I wanted.

New social and technological realities

Young woman working on a laptop on a beech.

Our environment, however, is never still. It keeps changing, and it is no secret we have been experiencing changes in some massive ways lately that make many have to reconsider their previously planned life priorities. Recent breakthroughs in technology and communications allowed for things that my generation would not even imagine in their wildest dreams. The COVID pandemic made remote work and distance education the norm, and the trend only continued in the years that followed. 

Did you notice how a once-used-to-be-valuable resource in which billions were invested is now depreciating? It certainly feels like a global crisis in college education. Following the COVID-19 shutdowns, a new epidemic of university closures, diploma rejections, and negative admission competitions when there are more seats in the classrooms than those who want to take them has emerged. And in the coming years, the world may face a global crisis in higher education. The short below video is a summary of college education now and for the near future:

“College” realities

Let us see. According to NBC NEWS, a significant number of American universities struggled to meet their ends meet since 2009. About 1/3 of all four-year schools brought in less tuition revenue per student in 2017-18 than in 2009-10. On top of it, about 700 public campuses received less state and local funding in the same time period. The new generation clearly says no to spending either time or money on a college diploma. The 2020 Coronavirus health crisis has worsen this already troubling situation. We know that over the past 40 years, college education has grown by 260% in the United States, and student loans have risen to $30 billion. 

Were highly successful businessmen university graduates? Not necessarily. For example, Mark Zuckerberg and Bill Gates were out of Harvard two years after admission – one quit, and the other was expelled. Later, both, having already become billionaires, received diplomas. Did the diplomas help them to build their career? Probably not. Steve Jobs who was given up for adoption by his biological mother under the condition that the boy would receive a college degree dropped out of Reed College (a private university in Portland, USA. – Approx. GQ) after six months of training. And there is more evidence in favor of self-growth that helps achieve the hights often unattainable for best universities’ graduates.

Navigate your way not just to college but to the best education

Therefore, educational goals should shift from replicating applicants to developing personalities open to innovation. The author of the book “You, Your Child, and School: Navigate Your Way to the Best Education” Ken Anderson comes to the same conclusion. A person who learns develops new skills, an educated individual enables them to transfer these skills to others. And a person who attends school becomes part of a community that strives to acquire these skills. He divides the concepts of “training”, “education” and “school”. Anderson argues that the number of people who wish to study is not shrinking. Yet they need a new system, and community in place to suit them. 

Self-education through self-employment

I have to say that throughout my life I’ve come across a few people that were able to self-educate themselves into their careers and do very well as professionals and financially. Most of them still needed an employer for them to succeed. So did I until months ago when I had to quit my job. What I discovered for myself after searching hundreds of job announcements was a unique online community of learners. They grow together personally and professionally. And wait — by doing so they earn multiple streams of income of hundreds to thousands of US dollars a month! And it gets better: we work from anywhere, at home or while travelling with a laptop or a smartphone, no strings attached and no sophisticated equipment needed.

Dollar bills falling on a laptop.

Just one of the opportunities is making $1000/month by working around ONE HOUR each month if you qualify — and most of them do! Watch a short video about the IBO opportunity HERE and let me know if you have questions. And there are many more — get connected and set up an appointment today.

I will take you through your orientation and accommodate your program needs. Spots are limited — see you there!