The main difference between obtaining a college degree today and in the 90s is the comparative cost of higher education as well as the amount of debt students take on to finance their degrees. So, while not being able to find a job immediately after graduation might have been tolerable in the 90s, today it can mean severe financial suffering. I can tell you from personal experience that my mother was less than pleased when I told her I was going to become a flight attendant after graduation. I’ll never forget the look on her face when she said, “So…you’re telling me that I paid for you to go to a private school, out-of-state, and now you want to do something that doesn’t even require you to have a high school diploma?”
We constantly hear reports about how bad the current job market is for recent college graduates. And much to my mother’s chagrin, back in 2011, I was no exception to these reports. You hear it from political officials. You hear it from journalists. And, most unfortunately, you hear it from all those 20-somethings who are now lugging around back-breaking loads of student debt: College degrees are simply not worth what they used to be. But, is that really true?
Recent data suggest that a college diploma is still valuable on the job front and, in the long run, you’re much safer with a degree than without one. Although it took me a while to realize the return on my investment, it has finally paid off as I recently joined the TWG Plus team. The road is still rocky, particularly in the short term. But, don’t lose sight of the fact that a college education still tends to pay off in the long run.