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Does education pay?

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It does, at least according to a recent article in the Chronicle.I have this argument discussion with my friends all the time. I went to college. I went on to get my MBA. And is my job any more secure than my high school buddy who graduated 12th grade and went to work as a mechanic? Probably not.
Tuition keeps going up. Income levels do not. Student loans are being defaulted on at an alarming rate. So, what’s a college degree worth?

THAT is the question that higher education has to ask itself. We hear extreme stories, on both sides of the coin. There is the homeless woman who put herself through night school and now is an executive who can support her family and be a productive member of society. On the other side, we see images of people dressed in suits, standing outside office buildings, holding signs “MBA in Finance: will work for food”.

The answer lies, as it often does, somewhere in the middle. Education does pay. Not right away, sometimes. And not in every single case. But it does pay.

Sandy Baum, a writer for The Chronicle, sums it up best, “When people talk about ‘well, maybe people shouldn’t go to college,'” she says, “ask the people if their kids go to college.”