Are Overpriced Degrees Worth It?

After leaving high school, you and your parents dream of the day when you get that acceptance letter into an ivy league school. Mostly your parents. After investing millions into that little paper that will no doubt guarantee a well paying job, you send out applications and eagerly await the call for an interview.

One month later, no call. You start to wonder if you entered the name of your degree correctly on your resume. The calls from the creditors keep rolling in. Frustrated, you start applying for any job you see. Finally you’re offered an interview at a company you’ve never heard of. Desperate, you accept the job and now you’re stuck. Stuck in a job you don’t like with a degree that’s worth more than your monthly salary, all in hopes of repaying the loan you have accrued.

With the state that the economy is in, it’s no wonder that companies aren’t hiring. And if you’re hired, they’re not paying you based on the value of your degree.

Universities should be held accountable for false advertising. Giving students the false hope that a degree is the hard and fast way of being successful. It is quite evident with moguls like Bill Gates and Steve Jobs that that’s not the case. Why is it that drop outs often produce some of the most innovative inventions? Apple, Microsoft, Twitter, Napster. It’s quite simple. When you have the time to focus on the things YOU love, then you will unequivocally work harder on improving your knowledge in that area.

It is true that a lot of companies hire based on that little paper. They also hire based on experience. So how can a college graduate acquire enough experience to get hired? They have two options:

  1. Find low paying jobs with small companies that doesn’t require much experience
  2. Build their own company

Or I may be wrong. What are your thoughts?