Ten years have passed since the 2008 financial crisis, and the effects
linger. For one thing, the crisis produced a significant shift in
American higher education. Scared by a seemingly treacherous labor
market, since the downturn college students have turned away from the
humanities and towards job-oriented degrees.
Too many degrees are a waste of money. The return on higher education
would be much better if college were cheaper
Write a paragraph about your career path. What is your work experience
and education? What are your plans for the future? Has the economy
affected your career? Remember to use adverbs of sequence to order your
It’s not clear they are making the right decision.
WHEN LaTisha Styles graduated from Kennesaw State University in Georgia
in 2006 she had $35,000 of student debt. This obligation would have been
easy to discharge if her Spanish degree had helped her land a well-paid
job. But there is no shortage of Spanish-speakers in a nation that
borders Latin America. So Ms Styles found herself working in a clothes
shop and a fast-food restaurant for no more than $11 an hour.
A detailed description of your education and work experience in China
and US. Review the difference in usage of ‘me/myself’ I didn’t
understand what you meant when you said: “..political science holds far
more the commonly recognized values in our world”?
Frustrated, she took the gutsy decision to go back to the same college
and study something more pragmatic. She majored in finance, and now has
a good job at an investment consulting firm. Her debt has swollen to
$65,000, but she will have little trouble paying it off.
As Ms Styles’s story shows, there is no simple answer to the question
“Is college worth it?” Some degrees pay for themselves; others don’t.
American schoolkids pondering whether to take on huge student loans are
constantly told that college is the gateway to the middle class. The
truth is more nuanced, as Barack Obama hinted when he said in January
that “folks can make a lot more” by learning a trade “than they might
with an art history degree”. An angry art history professor forced him
to apologise, but he was right.
My major was political science in college in Beijing. Before my
graduation, I had taken part in the student movement and become a
leader in it. After that, for some political reason in China, my
college degree got compromised, leaving me as a life-long self-made
student. Without a diploma, I had to look for a job irrelevant to my
higher education background in Shenzhen, a coastal city in southern
part of China, where most Chinese then thought as the front for China’s
opening and reform. Few years later, the first stock maker bubble burst
and the economy fell dramatically. Prior to my managing to immigrate to
US, many local residents and I had become broke. Finally, I settled
down in New York.Subsequently, I enrolled myself into a local college
and continue to study political science that holds far more than the
commonly recognized values in my motherland. Meanwhile I was falling
back onto my favorite social activities–promoting civil rights in
China, and became a veteran. At the same time, keeping myself
financially capable for my family was always on the top of my agenda.
In those years, I witnessed American prosperity, economy turning back
and market picking up. I set up my own company and learned to trade
stocks on my own. Nevertheless, during the carnival, who could feel the
financial crisis was creeping near? Fighting against the crisis in some
way, shape or form, I turned myself penniless again.
The humanities were humming along prior to 2008, according to an
analysis by the Northeastern University historian Benjamin Schmidt. Over
the previous decade, disciplines like history, philosophy, English
literature, and religion were either growing or holding steady as a
share of all college majors. But in the decade after the financial
crisis, all of these majors took a nosedive.
College graduates aged 25 to 32 who are working full time earn about
$17,500 more annually than their peers who have only a high school
diploma, according to the Pew Research Centre, a think-tank. But not all
degrees are equally useful. And given how much they cost—a residential
four-year degree can set you back as much as $60,000 a year—many
students end up worse off than if they had started working at 18.
PayScale, a research firm, has gathered data on the graduates of more
than 900 universities and colleges, asking them what they studied and
how much they now earn. The company then factors in the cost of a
degree, after financial aid (discounts for the clever or impecunious
that greatly reduce the sticker price at many universities). From this,
PayScale estimates the financial returns of many different types of
degree (see chart).