Currently, many seniors are surveying FAFSA awards, checking scholarship amounts and figuring out how to afford college. Inevitably, these conversations lead to questions about the value of a college investment. Most everyone knows that employer standards in America require a college degree of some sort, but, when it comes to the question of salaries many will ask; will I earn the same, similar, or maybe even a better salary with a college degree from my cheapest school as with a degree from my most expensive school? How much debt is college really worth? Will there even be enough jobs available for college graduates when I graduate to make college worthwhile?
Questions concerning the value of investment are critical to the college decision process. At the end of the day a college education in America is expensive. Costs of tuition at public, private and community colleges and universities have been steadily rising at a rate that will not slow in the near future. The financial aid system expects most students to cover rising costs with increasing debt loads and has done little to keep tuition rates steady. Though scholarship and grant amounts have risen to help students out, they do not make college affordable for most students. In the end, college will cost money and it will cost a lot of money.
However, when you think about it, shouldn’t college cost a lot? When you consider major investments in life such as a car, a house, living expenses, vacations, etc, shouldn’t college be near the top of the list of things to invest in? A college education prepares students for a vast array of scenarios in the working world and, at excellent schools like Valpo, will give you skills to be a leader in the community, family and the world. These skills are hard to put a price on as their value is immeasurable, but I would say that they are worth a lot. If you do not agree then perhaps a college education is not for you. If, on the other hand, these skills are of great value, then I assure you college is worth the investment.
Furthermore, it is important to view your investment in a different light than paying for a car, an xbox, a vacation or whatever else you might want to spend money on. Unlike many major purchases, your college investment will likely yield greater earnings in return. When one buys a car and drives it for a couple of years, it can be resold but at a much lower rate than its initial price. The difference between what you spend for it and what you sell it for is money that is lost to you. Likewise, there are not many vacations that people will pay you to take. Typically vacation spots are very good at helping you part from your wallet. When paying for college you encounter a different story. Earning a simple bachelor’s degree you will average roughly $20,000 per year more than with a high school diploma (www.earnmydegree.com). As you invest in a college or university you invest in your future career and, unlike other major investments, you will earn more money in your future for the college investment you are making now.
So Why Valpo?
Let me point out that Valpo is not the school for everyone. As a university we have an identity and a mission. If you do not find that you mesh well with the university’s identity or mission, then Valpo may not be your best choice of a university. Yet, Valpo appeals to several varied interests of students, alums, and faculty and appeals to them in good ways. Valpo has an excellent sense of community and academic challenge where members of the community challenge one another to be the best that they can be. We are not a place for students who wish to slack off and waste their educational experience on mediocrity. Valpo is a place for students to behold success, see what they need to do to achieve it and put forth sincere effort in rising to the occasion. Even better than that, students and faculty support one another in their pursuits in order that success not be achieved at the expense of others but, rather, through the aid of others. At Valpo you will see that genuine success involves the betterment of all.
As I think about my friends who walked across the stage with me at commencement I think of Fulbright scholars, PhD candidates, doctors, engineers, lawyers, politicians, global leaders and a vast array of interesting, capable, successful people. My peers at Valpo have gone on to big things because we all supported and challenged one another in big ways while students at Valpo. Our success has not been paved by large family estates or fortunes, big money offers from networks of employers, but rather from the hard earned ability to do things well. Real success is marked by the quality of one’s work and there is no short supply of quality on the campus of Valparaiso University…
16 years ago
