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After reading through your response, I believe you missed my point. What I was referring to is that for a large population of potential students - those who wis
by 6stringmerc 11y ago
After reading through your response, I believe you missed my point. What I was referring to is that for a large population of potential students - those who wish to simply make more than if they do not go to a higher education program - going to a two year or vocational path school is exceptionally smart. Leaving that out of consideration is...not smart...highly biased...as in, how many readers of The Economist would consider sending their kid to become a diesel mechanic?
From the research I've absorbed over the years, students that can afford to go to prestige universities often come from well-to-do, college educated families - these are high indicators of future success. For a much larger swath of the population that is trying to advance their stake in life, they are first-generation students, and often not well-served by taking on debt and attending a large University environment. Thus, many Universities are, practically speaking, very bad at ROI for a large contingent of students who simply want to make more money - vocational training? An excellent prospect.
What remains to be seen is how much more earning potential there is in professions that require vocational training to be licensed or successful (i.e. welding, machining, air traffic control, plumbing, electrical contracting) as the generation currently working retires / dies from the workforce, thereby spiking demand, and in fields where a "traditional" University degree are, well, useless.
- btilly 11y agoRead the article again. The Economist controlled for a variety of factors. Family socioeconomic status was among them. That said, one of the shortcomings of their metric is that they only had data on students who took out federal loans. How predictive this result is for others is open to question.
- 6stringmerc 11y agoWell, then, it's even more glaringly bad-form to leave out two-year and vocational schools from their approach then, if socioeconomic status is a factor, now isn't it? My perspective is yes, it's bad. It seems we'll just keep talking around each other, but I'll stand by my thumbs up toward the Brookings version and give the hairy eye to The Economist's method.