To go to college is to calculate the rate of return

Has Xue poured into the university value? The United States is now in the heat of the university. It seems impossible to get a job without graduating from high school.　　But as university fees rise, the question of whether or not college is worthwhile is constantly being raised. The New York Times recently reported a case.　　A New York University graduate of the University of college students owe more than 100,000 dollars, but so far to get the highest salary, after tax is not only January 2000 dollars, debt repayment is almost impossible, naturally have the feeling of being fooled. The reason why everyone is rushing to the ground university, is a series of studies that show that college graduates spend a lifetime of income after deducting university fees than high school graduates.　　How much more? Different studies have different conclusions. The low end figure is 900,000 dollars, another 1.2 million dollars and 1.6 million dollars said. But a recent study, called PayScale, challenged the data and even hinted that it was a losing deal for most people to get to college. Business Week has also reported on this.　　The merits of the inside are well worth careful analysis. The new study points out that the value of a college diploma is probably closer to 400,000 dollars if it's worked for 30 years. The study, which covers 554 universities, surveyed 1.4 million of American undergraduates who did not have a higher degree for a lifetime of income.　　It is found that only 17 of college students earn more than 1.2 million dollars a lifetime over high school. The first is MIT, whose students earn about 1.7 million more dollars a lifetime than high school seniors. Caltech ranked second, with more than $1.64 million trillion. Harvard ranked third, more than 1.63 million dollars. The Chinese do not know much about Harvey Mudd College is four, more than 1.63 million dollars.　　Then down to Dartmouth, Stanford, Princeton, Yale, Notre Dame and the University of Pennsylvania. The universities outside these top schools are more complicated.　　For example, the net return of 554 universities (i.e., their students ' lifetime income, which is higher than the lifetime income of high school graduates after deducting tuition fees) averages more than $620,000. However, this is based on the premise that everyone is graduating in four years.　　If it comes back to reality, the average university net return falls to less than 400,000 dollars, given that the student's graduation rate is only 58% in six years. In this way, college seems to be worth it. 400,000 is not a small number. However, after the "opportunity cost", it is another matter. What happens if you use college tuition to invest in the stock market? In the past 30 years, S & P has appreciated an average of 11% annually. Given the stock market plunge in the last two years, the average figure should not be inflated.　　By this standard, only 88 of the 554 universities surveyed had a higher net return than the stock market. This conversion of hard numbers is naturally challenged by many people. The biggest problem, presumably, is that the scholarship is not taken into account. The University of Philadelphia, for example, has a net return of more than $210,000.　　However, once the scholarship is counted, it becomes more than 270,000 dollars. Like Philadelphia, of course.In such an obscure school as a university, scholarships are given less. Some prestigious universities, the scholarship is much higher, the net return naturally also follow up. What's more, universities are now a popular form of education.　　More and more college students will attend vocational colleges such as business school, Medical school and law school after graduation. According to a Georgetown University study, a career college degree, a lifetime net return of up to 3.5 million dollars. College education is the ladder to this net return.　　The lifelong income and net return of college students who do not go on to study are outdated. There are, of course, many idealists who point out that many students who read history and literature do not go to college for money at all.　　This hard figure does not measure the value of the university to them.　　However, the study reveals several important facts. First, it's important to sign up for college.　　Of the top 10 universities with the highest net returns, five are Ivy, and the other two are MIT and Caltech, which are more powerful than ivy. Second, the curriculum is very important.　　MIT's net return is high because students there have to chew the tough and receive very systematic training in science. Some ordinary universities, the most popular major is the media, movies and so on. Student figure is easy. Even some students think that film class is to see a film, do not read.　　It's reasonable to see a four-year movie down and not get a job at graduation. This research has many loopholes, but it is very meaningful. I teach at grass-roots universities in the United States, and students are very untidy.　　Many students, do not know why they come to college, but also poor university. But the university fever has brought them to college.　　They are likely to get negative returns from their college education. China's universities have become more and more rotten after the expansion of enrollment. Now the admission rate is getting higher, and the quality of students is naturally deteriorating.　　You can't find a job after graduation, and there is not as rich a scholarship as America in school. In this case, is the university worth it? I would like to hope that the relevant organizations can suit in accordance with the PayScale method of China's universities to conduct a survey to provide future students with a consumer guide to higher education.