[quote=Scarlett]Anybody thinks college will become less of a requirement for a decent job? Given that in 10 years from now not that many people would even get a college degree?
What about the idea that companies/employers offer college graduates a minimum pay AND assume the college debt – IF the graduate stays with them for X (5?10?) years. (equivalent of mortgage I suppose). Indentured servitude.[/quote]
No, and no.
Top paying jobs will still require college degrees. We might see an increase in conditional grants, where students get their education paid for in exchange for commitments (like there are now for physicians who commit to practice for some length of time in rural and other underserved areas).
I suspect college costs will plateau sometime soon. Federal funding may be greatly reduced and price will be a bigger concern.
We still have pretty good deals here for California residents. Costs for resident students have increased sharply for both the state university and the university of california systems over the last 5 years, but they’re still very competitive, particularly the bang for the buck with the UC system. Currently, that systems has 6 of the top 11 public universities. (And 4 of the top 20 in “Best Value”.) Their 4 year graduation rate is also better than average.
In state costs used to be among the cheapest, but no more. They’re now pretty average in costs, but when considering aid based need, they fall well below average. Average debt at graduation is better than average for public universities, with most of the UC’s falling in in the $16 to $18,000 range.
Great chart with most of this information can be found at:
