Bonus Material on The Value of Higher Education

A while back I wrote about my perception of the declining value of college education. While the thoughts are not absolute, I believe strongly that many higher education degrees have unnecessarily placed students into great debt and into jobs that require them to work hard (paying off their debt) at things that are not God’s-kingdom-related. Alternative approaches that our family is exploring are community college credits while homeschooling, as well as internship and ultimately, business ownership. All of this, with a goal of no debt along the way.

It seems I’m not alone on this topic. Maybe it’s because I have been thinking about the topic, but I suddenly noticed articles popping up all over the place about this very subject. Whether it is about student loan debt, or the limited value of certain college degrees, there seem to be a lot of people questioning the same topic.

Here are some examples:

Higher Education Bubble About To Burst – Glenn Reynolds is a professor of law at the University of Tennessee. But in a very candid way, he acknowledges that higher education is not what it should be. He points out the dangerous circle of ballooning costs with the seemingly cheap credit that allows students to amass hundreds of thousands of dollars of loans – before they ever even begin to start their career. One student’s quote – "I don't want to spend the rest of my life slaving away to pay for an education I got for four years and would happily give back."

Placing The Blame As Students Are Buried In Debt – More detail on the student quoted above. She went to school for four years to get a degree in Religious and Women’s Studies, amassed $100,000 in debt (credit that she obtained far too easily), and now struggles to scratch together enough income to pay her $700-per-month student loan payments. “It is utterly depressing that there are so many people like her facing decades of payments, limited capacity to buy a home and a debt burden that can repel potential life partners.”

Subprime Goes To College – This one is a tough, technical read. Click on it if you want to understand how the federal government subsidizes a great deal of the education loans in this country – very inefficiently. And a lot of it is a gimmick designed to enrich the educators, not the students. “At one Corinthian Colleges-owned Everest College campus in California, students paid $16,000 for an eight-month course in medical assisting. Upon nearing completion, the students learned that not only would their credits not transfer to any community or four-year college, but also that their degree is not recognized by the American Association for Medical Assistants. Hospitals refuse to even interview graduates.”

Getting An Efficiently Delivered Education – The author argues that the value received in return for the amount paid to receive a college education has become a negative incentive, and has been this way for the last two decades. I believe this may be true for Ivy League institutions and some of the more expensive and elite colleges. It’s probably not as valid for state colleges where the student gets an in-state tuition break. “Most importantly, commercial colleges are stealing the sophisticated non-bubble students who are able to calculate the cost of education, match the specific appropriate academic field or training, and benefit from an efficiently delivered education. Plus, commercial colleges put a lot of resources into making sure their graduates get jobs.”

Did You Know That Student Loans Aren’t Erased By Bankruptcy? – “If you run up big credit card bills buying a new home theater system and can’t pay it off after a few years, bankruptcy judges can get rid of the debt. They may even erase loans from a casino. But if you borrow money to get an education and can’t afford the loan payments after a few years of underemployment, that’s another matter entirely. It’s nearly impossible to get rid of the debt in bankruptcy court, even if it’s a private loan from for-profit lenders like Citibank or the student loan specialist Sallie Mae.” I have to confess that I did not know this – once student loans are granted, even bankruptcy won’t take them off of your books. Unlike any other loan I can think of, student loans appear to be permanent. This may explain why some people are still saddled with these loans even as much as twenty years after school.

8 Reasons College Tuition Is the Next Bubble to Burst – Some interesting points: “On average, college tuition increases at around 8 percent per year, which means the cost of college doubles every nine years.” Or, “Today, 66% of students borrow to pay for college, taking on an average of $23,165 in debt.” And here’s one that’s hard to believe, “Schools are spending on luxurious amenities to lure in more students. At High Point University in North Carolina, students are treated to valet parking, live music in the cafeteria and Starbucks gift cards on their birthdays.” And what prevents all of this from coming back into balance in today’s economy? “When your ‘customers’ have easy access to credit and pay you with money they don’t have, the economy doesn’t really matter, does it?”

All is not lost. The education bubble may burst soon, driving down the cost of a college education, and prompting universities to re-evaluate their priorities. But in the absence of that, there are alternatives to getting your student an education, a job, or even their own business. And you may be able to do it without incurring debt.

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Back to the Higher Education series

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Exchanging Higher Education For A Trade

Thoughts On Higher Education – Part 3

…continued from Part 2 – Why Not To Work For A Big Company and What To Do About It
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A college education is now perceived by most Americans as being necessary to “succeed” in the business world. Indeed, I felt this way when I attended college – there was never a consideration on my part to stop my education at the high school level. As I pointed out in Part 2, though, there are now some very fine alternatives to college – and they don’t cost a fortune, nor do they take place in anti-Christian settings.

As I pondered this concept, two questions came to mind. If I ever feel that my kids cannot achieve their full potential without a college degree, should I reevaluate what I want them to attain in this life? What is it all really about?

A very wise man, one who had vast resources at his disposal to “experiment” with this idea, once endeavored to answer that very question. He devoted himself to study (Ecclesiastes 1:13) and to explore wisdom. He sought out pleasure, and cheered himself with laughter and wine (Eccl. 2:1-3). He took on great architectural projects, and planted vineyards and gardens –massive projects that were a great source of pride (Eccl. 2:4-6). And he amassed great wealth and acquired many possessions with which to delight himself (Eccl. 2:8-9).

For the first time, I noticed that this progression from the Old Testament parallels the typical American dream. Get educated – set yourself up to have some fun – do great things that can be seen by men – gain wealth – and retire to do something that rewards all of your efforts. Incredibly, it’s right there in the Scriptures – a test of the American dream, played out by the wisest man who ever lived.

King Solomon pondered education, toil, possessions, and amusement. What was it that he learned?

“For the wise man, like the fool, will not be long remembered; in days to come both will be forgotten. Like the fool, the wise man too must die!” – Ecclesiastes 2:16

Solomon concluded that even wisdom is not something that lasts, and while being a wise man is not a bad thing, it is not the ultimate goal. So, what is it that we should spend our lives striving for? Bible readers know the answer that is forthcoming. At the very end of the Old Testament book, the ultimate goal of man’s life is revealed:

“Now all has been heard; here is the conclusion of the matter: Fear God and keep his commandments, for this is the whole duty of man.” – Ecclesiastes 12:13

When all that makes up a great life by human standards is considered - a college education, or wealth, or possessions, or wisdom, or great accomplishments – all of these pale in comparison to the one true goal given to mankind. Fear God and keep His commands. I believe this is the lesson that God has been pointing me toward as he placed the burden of writing these articles on my heart. My children are nearing the end of their time under my roof. The time to make decisions about their future quickly approaches. Can they really be happy if their ultimate lot in life is to have a Bible, a little bread, and a prayerful heart (like the famous 1918 Eric Enstrom photograph at the top of the page)? I must deeply consider what the Father wants for them. Whether it necessitates a college degree – or not – there is one principle that must override every other desire.

I want my children to know God and to have an eternal relationship with the Creator of the Universe. God wants that, too.

Because that is what it’s all about.

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Back to Part 1 of the Higher Education series

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on to Bonus Material
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Other resources:
We’re Losing Our Own Kids
Jeff Myers – How Parents Subsidize the Destruction Of Kids’ Faith
How To Combat Secular Indoctrination

Thoughts On Higher Education – Part 2

…continued from Part 1 – The Old Model – Why We Used To Get a College Degree

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Recapping Part 1 - The value of working for a big company used to be substantially different – the employment was stable, companies helped fund employee health plans, and pension plans were offered to aid in retirement. Today all three of these benefits are being stripped away by the big companies – they no longer want the added expense. Thus, in a fairly short amount of time, the idea of owning one’s own business has grown extremely attractive. And here is a key point - you don’t need an expensive college degree to hire yourself as the owner of your own business.

To be sure, some professions still require a college degree in order to participate – such as the medical or teaching fields. My oldest child is considering the medical profession, so I’m not off the college hook by any means. But if these fields are not your goal, you may want to reconsider the idea of paying tens of thousands of dollars to obtain a degree from a university. I believe that the day is fast approaching when that little piece of paper called a diploma will mean a lot less than it has in the past.

The second reason that I hesitate to send my kids to a school of higher learning – especially a state school or Ivy League institution – is due to the culture that pervades these places. I went to a state school - so did my wife. I saw the drunkenness, partying, disregard for authority, and even the Marxist thought that pervades many of our universities. I attended a Psychology class where part of the standard curriculum was to show pornography to the class during one entire class lecture, in an effort to expose students to "another viewpoint" (by the way, that was one of the few days in my four year college career that I skipped class). I saw boys and girls openly groping each other in their dorm rooms, with the door open, in an effort to impress others with their exploits.

All of this had an effect on me - most notably, to strengthen my faith and cause me to step out and be "set apart". Sending my kids into such an environment scares me – it should scare any Christian parent. I have little doubt that my children will be able to handle that cultural pressure after they leave our nest - much like I was forced to adapt. But is it absolutely necessary for their development? Must I pay tens of thousands of dollars to an institution trying to undo the very moral character that my wife and I spent eighteen years nurturing in each of our children? Is there a chance that one of them might stumble, and be forever lost and separated from God's kingdom? There is that chance - and that makes the choice about higher education a very important decision.

One more thought strikes me - and it is bound to be unpopular with many. My own vision for my two girls is first and foremost that they grow up to be stay-at-home mothers, raising and homeschooling their own children in an effort to perpetuate a multi-generational vision of God-serving families. "Stay-at-home mom" was the vision that my wife and I had for our own family when we first were married (homeschooling came a little later). We vowed not to let a desire for money overtake that vision. And so, even though she was very close to overtaking me as the biggest moneymaker in the house, my wife quit her job just before our first child was born. We have never regretted that decision, and I am firmly convinced that God has blessed my career and our earnings because of it. Am I saying that women should never have careers or earn money, even after they have children? No, I am not - that is not a Biblical tenet. I'm simply saying it is the vision that I have for my own family. God tells us, "Where there is no vision, the people perish" (Proverbs 29:18). So I’ve chosen a vision. It may not come to pass, and I will be fine if God wills another direction for my girls.

Want another practical viewpoint – from a real, live, potential college student who has decided to pursue a bold path? Check out Miranda Trujillo’s excellent blog post here. When dealing with the idea of higher education, she writes:

College. It prepares you for a career. As I have said before, I want to be a Godly wife and mother someday. My first priority is making sure that I can someday put my kids first - raising, training and educating them with the bulk of my time. So college, first of all, would train me for an occupation that I would neglect once children came into the picture - maybe even before children if the occupation kept me from focusing on my home.

College also takes lots of money. Money that I don't have. So not only would it train me for a career that I wouldn't use for long - it would put me into debt for this training. Debt that might cause me to continue working at the career I don't want in order to pay off the training I needed for the career I don't want... [italics mine]

That last part is brilliant. I pray that my own kids maintain such a perspective, and that they marry others who are this wise.

Finally, what can we do to prepare our children to earn a living – without the necessity of transferring thousands of dollars to a university? The Christian Home Educators of Colorado have devised a solution – it’s called the AME program. AME stands for “Apprenticeship, Mentorship, Entrepreneurship”. This program pairs willing mentors with interested students to explore, learn about, and work in various professions – without the expense of “checking it out” for years in college (where it is still rare to gain exposure to practical, hands-on experience). Moreover, a student can decide to change their profession after some work experience without the expense of tacking on an additional year or two of college. Finally, the program is designed to bring students under the Christian mentorship of professionals – with an eye toward developing them to work for God’s service (something you don’t get in most colleges). Check out their link at AME.

To Part 3 – Ultimately, what is it all really about?