Recently I’ve been reading a lot of articles asking the question “Is College Worth It?” The articles focus on pretty much the same set of issues: the high cost of a college education, the huge post-graduation indebtedness of many students and the worth of majors that are not job or career specific.
I want to be on record that I think colleges cost too much – not necessarily too much for what students get access to, but more than getting a good education needs to cost. The consumers – students and their parents – could do their part to lower costs by recognizing that things like state-of-the-art exercise facilities, plush residence halls, and on-campus mental health professionals add to their overall cost and by deciding these are not the elements on which to compare colleges.
Indebtedness is, of course, related directly to cost. But consumers do have some controls over what they borrow, including the relative expense of the college they choose and whether they borrow only the minimum amount they need. There is no convincing evidence that an education at an Ivy League campus adds enough to one’s success to make it worth the difference in cost from a good but less highly regarded school.
Yet to me the most egregiously irrelevant arguments about the worth of college relate to the choice of major. Indeed, in the current bad economy, many graduates are working at jobs superficially unrelated to their college major. Someone even felt the need to invent the word “mal-employed” for this situation.
Anyone who knows anything about the history of professional work in the United States can explain that this situation of doing a job unrelated to your major is not new. It hasn’t been more than two or three decades since most college graduates majored in the humanities and social sciences. And how many of those history majors ended up doing history for a career? How many philosophy majors found careers in philosophy?
Research into the backgrounds of corporate CEOs reveals that a large majority of them majored in areas outside business, economics and management. The true value of their education was much more than their major.
It is a real head-scratcher to read the same columnists who talk about the rapid and continuous change in our culture also arguing for narrow specialized education for jobs that may be gone tomorrow.
Don’t let these writers scare you into stupid choices about your education. There are many academic routes to gaining the kinds of skills that are needed in the work world.

