The value of a higher degree is not what it could be since the global economic slowdown has stalled production, growth, and employment. Universities in the US however do not recognize this trend and continue to raise tuition costs at rates higher than the national inflation rate.Potential students are pondering the value and cost of a higher education degree when there is no promise it equates to better employment or employment at all. Used to be that a slow economy meant students went on to graduate school to wait out the bad economy and time their dive
into the employment search pool with a higher degree in their hands. Now it seems not only are students doubting the promises of higher education, but perhaps the future as well. Nevertheless, this time should be seen as a chance for universities to provide the leadership with the US to encourage optimism, design education and employment directives, and coordinate with industries for research and development.
The Chronicle for Higher Education offers some more insight by experts:
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