Posts tagged ‘higher ed’

Grad School and PhD Programs

My students, especially soon-to-be master’s-degree recipients, frequently ask about whether Ph.D. programs are a good career path. Given the difficulties of this job market, even for students in a professional program who have experience in the field, the prospect of a Ph.D. can seem like a permanent safe harbor. Appearances deceive, though, as a tight academic job market and a deepening reliance on adjuncts make even employment after the Ph.D. a difficult proposition. It’s no surprise, then, that there’s been an increasingly strident pushback to the idea that Ph.D.s are necessary. Numerous examples exist in the humanities, sciences and social sciences.

Rather than restate themes that have already been covered better by others, I offer recommendations for how faculty mentors should answer these sorts of questions from students. We are always going to be asked about whether students should follow our career paths, and the days of faculty blindly endorsing Ph.D. programs as if they were a universal solution for all students are over. Doing our job as advisers well requires that we take a pragmatic approach that gives students a clear understanding of the challenges currently confronted by academe. This will require many who advise Ph.D. students to take a more hands-on role in preparing their students for the challenges of an increasingly difficult job market. This pragmatic approach has three elements: honesty, professionalization, and options.

Pragmatic Advising

It’s awfully hard for something or someone to help you get where you want to go when you don’t know where that is. When you’re searching for a job, there is nothing more important than knowing exactly what you want. Going to grad school is a very expensive way to ask for directions. There is nothing wrong with being lost for awhile.

Why You Shouldn’t Go To Grad School

89. Virtually no one reads what you write.

You are not paid for your academic writing (see Reason 88) because no one is willing to pay to read it. In fact, virtually no one is willing to read it at all. After several years of work on a dissertation, you can have some confidence that your adviser will read the finished product, and somewhat less confidence that the other members of your dissertation committee will read it. Beyond that handful of people, it is unlikely that anyone will ever read your dissertation again. As university libraries are increasingly archiving dissertations digitally, you may not even have the satisfaction of seeing your name on a volume in the library. On rare occasions, someone may come along and cherry-pick something from your research that relates to his own, but chances are that no one will ever sit down and read the paragraphs over which you agonized for so long (see Reason 28).

The same fate awaits the vast majority of published academic writing. Typically, it takes months of research, writing, and revision to produce a journal article that will be seen by fewer people in its author’s lifetime than will visit this blog in an hour. Academic presses print as few as 300 copies of the books that their authors have labored over for years. Most journal articles and academic monographs are written because academics need to be published to keep their jobs, not because there is a demand or need for their work (see Reasons 33 and 34). To the extent that academic writing is consulted at all, it tends to be “read” solely for the purpose of furthering someone else’s writing. In many cases, editors and peer-reviewers probably read manuscripts more carefully before they are published than anyone will ever read them after they are published.

100 Reasons NOT to Go to Graduate School

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Is Your College Degree Worth It?

CollegeRiskreport.com from Jared Moore

College has never been more expensive to attend. Now you can check if your degree is worth the cost.

As the number of students enrolling in college has increased, college costs have climbed as well. Between 2000 and 2011, the average cost of attending a private, not-for-profit, four year degree granting program increased over 37%, including tuition, room and board.

Is Your College Degree Worth It? Find Out

Higher education productivity, as measured by academic degrees granted by American colleges and universities, is declining. Since the early 1990s, real expenditures on higher education have grown by more than 25 percent, now amounting to 2.9 percent of US gross domestic product (GDP)—greater than the percentage of GDP spent on higher education in almost any of the other developed countries. But while the proportion of high-school graduates going on to college has risen dramatically, the percentage of entering college students finishing a bachelor’s degree has at best increased only slightly or, at worst, has declined.

Addressing the declining productivity of higher education using cost-effectiveness analysis

Ozymandias

Unfortunately, it seems that the future Aldous Huxley predicted in 1932, in Brave New World, is arriving early. Mockery, truculence, and minimalist living are best, then enjoy the decline. However, we do need a Revolving Door Tax (RDT) and to prosecute politicians and staff and their “family and friends” who profit from insider trading.

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How to Pick a College

[T]he biggest single test of whether a college is worth attending is not its ranking, its placement record, or the average salary of its graduates.

It’s whether it treats you like an adult. Don’t expect a college to help you become an intelligent adult and a responsible citizen if it does not treat you like one.

Many colleges and universities will not treat you like an adult—someone who can think and act independently—but instead they will treat you like a child in need of sermonizing and supervision while they severely restrict what you are allowed to say and think.

To begin with, if a college is not unambiguously committed to freedom of thought, and its counterpart, freedom of speech, how can you possibly expect to learn how to think critically—to examine opposing positions and analyze the merits and deficiencies of each?

It is the nature of thought itself that it cannot be subordinated in advance to any ideological position. The human faculty of reason is unfettered by allegiance to anything but the truth itself.

Accordingly, the mark of a true university is intellectual diversity—and yet most universities are remarkable for mind-numbing conformity, for a student body that looks diverse but all believes the same things, where dissenting voices are marginalized or ridiculed.

How are you going to learn to think if your university is opposed to thinking?

Think about that.

One good way to get a sense of a college’s commitment to freedom of speech is to check its rating on this website, which will give you detailed reasons for each “speech code rating” it assigns.

How to Choose a College: Here are some tips for finding value in spite of the higher education bubble.

FIRE’s Spotlight: The Campus Freedom Resource

Ozymandias

Unfortunately, it seems that the future Aldous Huxley predicted in 1932, in Brave New World, is arriving early. Mockery, truculence, and minimalist living are best, then enjoy the decline. However, we do need a Revolving Door Tax (RDT) and to prosecute politicians and staff and their “family and friends” who profit from insider trading.

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What does college cost?

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The Higher Ed Bubble is Leaking

A growing number of liberal-arts colleges are supplementing their traditional glossy brochures touting ivy-covered libraries and great-books seminars with more pecuniary pitches: Buy seven semesters, get one free. Apply today, get $2,500 cash back. Free classes after four years.

The schools are adjusting their marketing to attract students at a time when families are struggling to foot the bill for college—and increasingly concerned about the potential payoff. Some of the most aggressive offers come from the most financially vulnerable schools: midtier, private institutions that are heavily dependent on tuition and sit in regions with shrinking pools of college-bound high-school seniors.
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The pressure on liberal-arts schools is coming from several directions. Nationwide, the number of graduating high-school seniors this year is expected to decline to 3.32 million from a projected all-time high of 3.41 million during the 2010-11 school year, according to the Western Interstate Commission for Higher Education. And fewer college-bound seniors are choosing private four-year schools: Between 2006 and 2011, the percentage of students at those schools dropped to 20% from 22%, according to the College Board Advocacy and Policy Center.

For students headed to college, tuition is a bigger issue than ever. The average cost of public and private schools jumped 92% between 2001 and 2011, compared with a 27% rise in the consumer-price index. Last year the average amount that students at public colleges paid in tuition, after state and institutional grants and scholarships, climbed 8.3%, the biggest jump on record, according to the State Higher Education Executive Officers Association.

Colleges’ Latest Offer: Deals: Liberal-Arts Schools Dangle Bargains in Response to Concern Over Cost, Value

Continue reading ‘The Higher Ed Bubble is Leaking’ »

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Education Bubble?

In a nutshell, blue collar workers are subsidizing the college education of future higher income workers.
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It has been found at many institutions all across the country that colleges have used government dollars not to increase options and improve facilities, but to increase headcount among staff. All of this extra overhead adds to the fixed cost of college. The cost is not just in salary, but guaranteed pension benefits that accrue to the staff members no matter what.
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There are two ways out of the problem, and we ought to do both.

First, build more colleges. This increases the supply and tempers demand, dropping prices. At the same time, remove the stigma of going to a community college. Going to a two year school will also relieve demand pressure on four year colleges, allowing prices to stagnate.

The second solution sounds cold hearted. But in order to make college more affordable for everyone, government ought to get out of the higher education subsidy business altogether. Blue collar workers will thank them for removing this hidden tax burden. Colleges will run leaner, and the federal budget deficit will drop.

Is There An Education Bubble?” by Jeff Carter, Points and Figures, January 15, 2011

HT, Instapundit

New Business School
Creative Commons License photo credit: yosoynuts

We find that there is indeed a building bubble in US higher education, which we see is clearly represented by three separate periods in which the growth of tuition decoupled from the growth of US median income.

These periods of tuition inflation largely coincide with periods of recession or slow job growth in the United States, from 1990 to 1993, 2000 to 2004 and from 2007 to the present. That these distinct phases of tuition inflation have occurred during recessionary periods, while tuition costs have steadily paced household income in healthier economic conditions, suggests that US higher learning institutions have been the beneficiaries of a remarkable amount of insulation from economic circumstances during these periods.

Visualizing the U.S. Higher Education Bubble,” by Ironman, Seeking Alpha, September 8, 2010

Regardless of the root cause, the cost increases are not sustainable. Students and parents can make other choices, such as attending a two-year college, attending a trade school, purchasing a business franchise, investing in a new business, or (in my opinion the worst option) not going to college at all. As many recent graduates have found out, a college education does not guarantee a job.

The College Education Bubble,” by Investor Junkie, March 30, 2010

Random but important points: 1. Getting a college edjumication does not (NOT) raise your lifetime earnings by $1 million. When you control for inflation, opportunity costs of going to school, advanced degrees, and the kitchen sink, you’re looking at about $280,000 more over a lifetime. 2. Where you go to college is far less important to future earnings than that you go to college. According to Princeton economist Alan Krueger, the returns to attending an elite university (defined as one that will put you in the poor house) are far from clear. In fact, where you apply to college is a better indicator of future earnings than where you actually go….

Is The Education Bubble About to Burst?” by Nick Gillespie, Hit and Run, June 8, 2010

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