In college degree is our ticket but

In this
society, we think with our hearts and do not heavily rely on sole facts or
statistics. That can be a downfall waiting to happen or lead to denial that
could put us in some unnecessary situations. My case study on “College and Job
Status Statistics” serves a strong purpose to myself and readers who are
interested. The main purpose behind this study is to identify the demand for a
college education and to determine the projected job-roles that college
education attainments will help possess.

We all want a better way
of living and have different ideas about the route to take to success. However,
pressure from the society and political leaders led to the increased perception
that a college education is the main gateway to unlimited prospects and assets.
We witness it on television, movies, employer feedback and advice, and radio
stations. Colleges proceed to stay in business based off the student
population, academic success of the students, retention rates, and graduation
rates. Many students strive to meet expectations to appeal to the what is
required. Yet, many fail to understand the significance of a college education
and the downside to a college education.

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We fall in love with the
idea that a college degree is our ticket but we do not apply realistic
reasoning to our situations. The probability of roles in the field of study
ties to the demand for the degree obtained, market for the degree, importance
of the academic program, economy, and region that the college graduate or
student lives in. There are other factors that consider prospects for
job/career status that overpowers the idea that a college education alone will
guarantee job/career placement.

 

 

A rationale is logic or
reasons the study has relevance. This is the same as saying what evidence is
there to contribute to the intended relevance. There are few reasons that
create rationale for the study of “College and Job Status Statistics”. The
first reason is the data that showcases unemployment or un-related jobs for
college degree-holders. From the article “Only 27 percent of college grads have a job related to their major”,
the author stated “Here’s some interesting
new data from Jaison Abel and Richard
Dietz of the Federal Reserve Bank of New York. The vast majority of U.S.
college grads, they find, work in jobs that aren’t strictly related to their
degrees (Plumer, 2013).

 

“There are two different things going on
in this chart. First, a significant number of college grads appear to be
underemployed: In 2010, only 62 percent of U.S. college graduates had a job
that required a college degree (Plumer, 2013).

Second,
the authors estimated that just 27 percent of college grads had a job that was
closely related to their major. It’s not clear that this is a big labor-market
problem, though — it could just mean that many jobs don’t really require a
specific field of study. Only 27 percent of college grads have a job related to
their major (Plumer, 2013).”

The
second reason is the debt associated and accumulated in a college education.
This is a clear rationale because our society is in debt when it comes to
funding the educations of our dedicated students and even the ones who do not
take their education seriously.

Students
who understand the debt they will bring on will make decisions on their
academic priorities. I am referring to programs they choose to pursue and the
analysis that contains content to identify the value of that particular degree.
That will lead to more students realizing job prospects that degree and making
a concrete plan based on statistics and reasoning versus just relying on hope and
peer pressure from electronic advertisements and people in their lives.

 

 

 

 

 From the article “How The $1.2 Trillion
College Debt Crisis is Crippling Students, Parents And The Economy”,
the author stated “Two-thirds of students graduating from American colleges and
universities are graduating with some level of debt. How much? According to The
Institute for College Access and Success (TICAS) Project
on Student Debt, the average borrower will graduate $26,600
in the red. While we’ve all heard the screaming headlines of graduates with
crippling debt of $100,000 or more, this is the case for only about 1% of
graduates. That said, one in 10 graduates accumulate more than $40,000 (Denhart, 2013).

It’s a negative sum game for both
student-borrowers and the economy. According to the Consumer Financial Protection Bureau,
student loan debt has reached a new milestone, crossing the $1.2 trillion mark
— $1 trillion of that in federal student loan debt. This pushes student loan debts to
dizzying new heights, as they now account for the second highest form of
consumer debt behind mortgages.  With the federal debt at $16.7 trillion,
student loan debts measure at 6% of the overall national debt. This is no small
figure, and national debt carries many consequences including slowing economic
growth (translating into fewer jobs being created) and rising interest rates.
Capital will not be as easy to access (Denhart, 2013).”

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