The Value of Higher Education: Should You Encourage Your Child to Attend College?

In today's ever-evolving world, the significance of higher education cannot be overstated. However, the decision to encourage one's child to attend college is multifaceted and doesn't come without its complexities. As someone who has been involved in private education for over two decades and has had the unique perspective of guiding both my children through this decision, I reflect on the pros and cons of college education.

Financial Accessibility and Need-Based Financial Aid

One common misconception is that higher education is unattainable. Contrary to this belief, many private schools and universities offer need-based financial aid. This means that the total cost can be adjusted to what families can realistically afford to pay. The list price of a college education should not deter potential students from applying. What matters is that the application process is thoroughly completed to explore all available financial aid options.

Making the Choice: Pros and Cons

The real question, then, is whether one should encourage their child to attend college. A thorough assessment of the advantages and disadvantages is necessary. College education is undeniably valuable as it equips individuals with critical thinking skills and broadens their worldview. It opens doors to better job opportunities with a diploma. However, there are alternatives such as trade schools and entrepreneurship that offer viable paths to success and economic independence.

My two children exemplify this dichotomy. One, who was academically inclined, pursued higher education and excelled academically. The other, who faced a learning disability, opted for a different route. Both are thriving in their chosen paths, proving that there is no one-size-fits-all solution to adapting to life after high school.

Criteria for a "Serious" Degree

It's essential to consider the value and applicability of the degree programs. While traditional majors like law and medicine are considered serious, some liberal arts majors like photography, gender studies, and advertising may not always provide a direct path to employment. Conversely, STEM subjects and trade schools often offer practical skills that can lead to immediate employment and career stability.

Encouraging Responsibility and Independence

As a parent, the focus should not be solely on ensuring college acceptance but rather on guiding one's child toward financial self-sufficiency. This involves preparing them for the real world and encouraging decision-making skills that will serve them well beyond their academic years.

The Traps of the Education System

It is crucial to be wary of the educational system's default push toward college for all. This trend can lead to students enrolling in inappropriate programs or failing to meet their goals. Charles Murray, author of Real Education, highlights the undeniable fact that abilities vary among individuals, further emphasizing the importance of carefully considering each student's unique skills and aspirations.

The survey I saw reflected this reality. While a significant portion of respondents believed that college is not for everyone (80%), a majority still felt that their children should attend (80%). The key, as I see it, is to guide them towards making informed and independent choices that align with their future goals.

Concluding Thoughts

The decision to encourage a child to attend college is not easily made. It involves careful consideration of financial resources, the value of the degree, and the individual’s aspirations. By fostering independence and decision-making skills, parents can help their children navigate the often complex journey of higher education with confidence and success.