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The College Bubble

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Submitted By danidani
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In Megan McArdle’s article, “The College Bubble,” McArdle thoroughly argues that the government, and parents should be rethinking about how we invest in higher education. She focuses on the fact that 18-year olds often don’t look quite so hard at the education that they are getting. She writes, “For many students, college is less about providing an education than a credential.” For some people, a certificate testifying that they are smart is all they need. She also talks about how many students take the easy way out and cheat. Since the credential matters more to them than the education, “they look for ways to get the credential as painlessly as possible.” These students do not care and must have no motivation or passion. Once these uninterested students get their credentials, they don’t add meaning to their major in the real world. Many people also wonder where all the money that they pay is going. McArdle discusses how in addition to paying the faculty a majority of the tuition goes into amenities which include high speed Internet, well-upholstered classrooms, world-class fitness facilities and this is all in order to stay competitive with other colleges around the world. This article did a really good job arguing both sides of the issue of why we spend so much on college and is it really worth it. McArdle used many quotes from very knowledgeable people and also used statsitics to try to get her point across in the article. In the article, she quotes James Heckman, the Nobel Prize- winning economist who states, “if you are not college ready, then the answer is no, its not worth it.” Although most people believe that college is a must after college, if you are not ready then why attend? Not only are you hurting yourself, but you are also affecting the school, the people around you, and wasting valuable money.

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