Question getting a degree
Graduation time is around the corner for the Spring 2012 class. Time to celebrate. Time to think ahead. Time to go out into workforce.
With student debt piling up and the cost of living rising, is it worth it? For some the answer is yes. Although unemployment rates may be high for certain majors, rest assured you will be ready when opportunity strikes. Having your degree will be essential to landing that dream job. Others feel the “system” has failed. In 2010 the average student incurred between $50,000 to 70,000 worth of debt.
Students must then ask “Did I choose the right major?” An industry that will be in demand. A field of study that is applicable to my degree. Or will the unemployment office be your next interview?
That may not be so easy for some students. A recent study showed that in 2009, 22 percent of college students were unemployed and another 20 percent were working in a field that did not require a degree. Do the math. Nearly half of all college graduates were either unemployed or working in menial positions.
How is this possible? While many students put in a lot time and effort obtaining a degree to only find out the job market is over-saturated. It is imperative that students do their due diligence.
It is also important to choose a career that brings happiness, as well as, financial security.
In such a volatile economy it is sometimes hard, but not impossible to find employment. One could always be more advantageous and seek a higher level of education. Research has shown lower levels of unemployment amongst master’s and doctorate degree holders. For example, a New York Times article mentioned more than 60 percent of those who graduated in the last five years say they will need more formal education to be successful.
Trina Thompson, a student who enrolled in Monroe College in New York (in 2009) is suing the institute because she cannot find a job. She owes $70,000 in school loans. “They have not tried hard enough to help me,” Thompson said in an interview.
Persistence is key. A job at Starbucks or Macy’s may have to pay the bills temporarily. Do what’s necessary as means to an end.
Monroe’s spokesman Gary Axelback said, “This lawsuit is completely without merit.”
Any college graduate would agree. Who sues their institute for lack of employment? If that were the case, some colleges and universities would be shut down. In the long run, students are better off with their degree than without it.
“The college prides itself on the excellent career-development support that we provide to each of our students, and this case does not deserve further consideration,” Axelback said.
Students could always migrate to a state with a better economy. Houstonians wouldn’t have to travel far. Moody’s Economy.com reported the Lone Star State had three out of the 10 cities with the lowest unemployment rates Houston was ranked first, followed by District of Columbia, Minneapolis, Minn. and New York City.
The article also said Houston’s growth was inevitable with its business-friendly environment and abundance of oil-money.
Of course no matter what you do in life it’s always best to have some sort of cash flow. It may not be what you want at first, but if it is, enjoy the icing on your cake.
Kamilah Sage is an economics senior and may be reached at [email protected]