October 29th, 2008
Treat College Like a Hot Stock

University Tuition Is on the Rise Again
Once again, college tuition (especially at public universities) is on the rise.  This is nothing new, and it’s been covered extensively elsewhere in this blog.  But perhaps it’s time to shift your thinking.  Instead of just bemoaning the fact that tuition is on the rise, maybe you should consider how best to approach this trend.  If education were a hot stock, you’d already know what to do.  Get in now, because tomorrow, this stock will be even harder to secure.  That is to say, if you knew the price wasn’t going to come down any time in the foreseeable future, then the sooner you jumped into the mix, the better off you’d be.

Further Extending the Education/Stock Market Metaphor
You might be thinking to yourself, “but education isn’t a stock…it’s simply an expense that’s becoming more unaffordable.”  But in truth, education is a commodity.  It’s not tradable in the sense that you can swap a master’s degree for another type of certification.  But you can trade it for employment, salary, benefits, and financial security.  In every way, your college tuition is an investment that you can one day convert into real economic terms.  Viewed in this light, it’s easy to see why a biology degree earned now (in today’s dollars) might be a better investment than a biology degree earned tomorrow.  Not only is that degree more affordable (now), but it also allows you to recoup your expenses that much sooner.

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Filed under: Education (general), Graduate Degrees — uni.versatility @ 9:51 pm
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