Analysis Of The College Bubble By Megan Mcardle

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How has a college diploma become a waste of money or time? Megan McArdle, the author of The College Bubble believes that a college education will leave you in debt or even bankruptcy. McArdle, in her article states that a college education has gone up over the years and questions if a college education is worth the price and the time you put into it. I agree with McArdle that a college diploma will leave students in debt, won’t guarantee your career success and that some students gain no measurable skills during their four years in college. As McArdle points out, the cost for a college education has gone up over the years, leaving students in debt. I agree with this statement, because a college education was more affordable years ago and now it has doubled it’s cost. According to the article, McArdle states “The average price of all goods and services has risen about 50 percent. But the price of a college …show more content…

McArdle states “For many students, college is less about providing an education than a credential” (qtd. In McArdle 25). There are some students that are in college to get the diploma, but they don’t gain any skills. They mainly care about passing the class and getting a good grade, which can lead to cheating. If they were just in college to obtain the diploma, than what was the point of them even going to college? Students take college for granted and when they get out, they are unable to take what they learned and apply it to real life. In addition, McArdle states “If students are gaining real, valuable skills in school, then putting more students into college will increase the productive capacity of firms and the economy—a net gain for everyone” (qtd. In McArdle 26). Credentialism has always been around in education as stated in the article, and students who do that, at the end have no valuable skills they can apply to real life and don’t learn the

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