Quote from: Ralph Turner on February 27, 2024, 12:00:32 PMI am glad that Ron opened up a board on which we can discuss this.
I have plenty of questions about how and why it should/not apply to D-3.
How many D-3 colleges will close if athletics is not an enticement to attend?
One already sees "Tik-Tok" shorts encouraging guys to go to trade school instead of college, because they will make more money. You also read of CEO's who preferentially pay/hire non-white or female candidates.
Can we imagine what D-3 will look like in 5 years?
It's not just Tik-Tok. It's easy to denigrate that way, but there is an increasing amount of research coming out that going to college may not be the simple path to a better future that we have pushed for 50+ years. Most of that research is dependent on how much it costs to go to college, and whether you have to take significant student loans, but the body of work is definitely starting to define a point where higher education is less lucrative in the long run than trade schools or apprenticeships.
Now I'm not saying that the research doesn't show that you will, typically, make more money in the long-term the more education you get. That relationship still holds. On average a h.s. dropout makes less than a h.s. grad, a h.s. grad makes less than a community college grad, a bachelor's makes more than a 2yr degree, a master's makes more than a bachelors. On average this is still true. But the cost to attain each level of higher education, paid up front instead of invested or borrowed and paid back over a decade or more, makes those relationships much less linear than it used to be.
$75-100K borrowed from 18-22 and paid back over 10 or 20 years is a massive opportunity cost versus earning 30-60K over that same time period as you go from apprentice to journeyman. And earning 85K-100K or more as a master electrician when someone else has incurred 150K-200K in debt to get an undergrad and a masters over 6 years is going to be real hard to overcome if you decide to be a teacher or end up middle management somewhere.