WILL A COLLEGE DEGREE PAY OFF?

#colleges #universities #CollegeDegrees #jobs #JobPromotions #CollegeDebt
“I was a human resources professional for 20 years. But, I reached a ceiling.”
That quote, from a lady in a TV ad for the University of Maryland Global Campus, tells the story of how she has been able to pursue a good career until recently, when, apparently, she no longer qualified for advancement without a college degree.
So, the ad says, she went to UMGC to get her degree, and it is paying off.
When you couple that story with a column by George Will of the Washington Post talking about the declining value of college degrees, as well as other ads about paper ceilings, it paints an interesting picture of today’s world.
As Will points out, some jobs today that don’t appear to require a college degree suddenly require them.
Will’s column was also published Aug. 31, 2025, in The Atlanta Journal-Constitution.
In the past few decades, we were all told that a college degree was essential to getting a good job – or, at least, one that would be more likely to put you in an office than outside doing hard physical labor.
But, over time, college degrees have become unaffordable for many – so much so that many students had to incur debt that they may spend a lifetime trying to pay.
If you are fortunate to go to law or medical school, you are more likely to be able to pay off that debt in a relatively short time, presuming you are successful in either of those professions.
But, the job market for other degrees can be a bit unpredictable. If you need debt to finish college, you had better have reasonable assurance of a good income afterward to pay it off.
The need for people in the trades, like plumbers or electricians, is much more acute in many places.
Those jobs do not require a four-year degree, but they do require trade school, certifications, licenses etc., that are much less costly than college.
And, of course, those jobs require sometimes hard physical labor.
But, if you are good at your trade and you are reliable to your customers, you can make a better living than a lot of people with four-year degrees.
When college degrees were rare among young people, companies hired those with degrees, regardless of what the degree was in, then trained them for the job(s) they wanted them to do.
But, on-the-job training is harder – and more costly – for companies these days. They expect their workers to know what they are doing on Day 1.
The lady in the UMGC ad probably was very capable of doing the job she was striving for without a college degree. But not having a degree made it much easier for the hiring manager to reject her for that job.
Also, colleges pride themselves on their “elite” status in society and community. In today’s milieu, politicians want to cut out that elite status colleges have by threatening their government grants. That’s way too extreme a reaction.
It may be best to let colleges and universities conduct business as usual by giving them their research grants etc. They perform a great function in society by doing that work.
But, the average student is getting priced out of the college market. The colleges will have to do something to find the balance between teaching and research.
The average student may want to rethink his or her life options as he or she decides how to make a living, and what he or she has to do to get there.
Peter