Value Of Higher Education Research Paper

1079 Words 5 Pages
It takes a degree to have an educated voice in the problems facing higher education in today’s society. No longer are the days of a guaranteed of a well-paying job, retirement and advancement. As society changed and the business world becoming more competitive. The value of a degree is no longer held as high commodity, but now looked into more depth for their return. A degree thirty years ago is very different from degrees today. The cost, material, and duration all just a few things that have all increased over the years. Students are now questioning how much value does a degree truly and yield and what they value most in their education.
Once students finish and acquire their diploma from High School, they have hopefully already researched
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According to Webster’s Dictionary, higher education is defined as “education beyond high school, specifically that provided by colleges and graduate schools, and professional schools.” Understanding what is available and its price tag is a step in the right direction. Once you have established the cost of education, you can now start to determine the value of it all. According to Tony Woodall, author of Making sense of higher education: students as consumers and the value of the university experience, concluded that “determining factors is necessary to maximize the understanding of the relationship between student and value.”. His research found Heskett, Sasser and Schlesinger’s (1997) formula to be the most accurate representation of what students look for most. Their formula consisted of: Results for the Customer, Service Attributes, Price, Acquisition and Relationship Costs. It is not as simple as picking your favorite three colleges and then choosing the cheapest. Students will have look deeper into. They will have to look into what they are getting for the dollar. What level of education is available and which degrees are offered. Does the amenities around campus from food to housing. Students value of debt is not solely on the sticker price of tuition. It is inclusive of the method of transportation, distance from home, and even expected wages once …show more content…
They address the issues that lay with the Universities and colleges themselves for their inefficiencies. They focus on the cost of a degree dramatically increasing over the past decades with the return matching no such increase (equivalent). There is no doubt that the Higher Education value has changed. The Economist plays fault into the Universities themselves “cost of a university per student has risen by almost five times the rate of inflation since 1983” (685) In perspective of the magazine they make mention of “expenditures on instruction have risen more slowly than… administration and support services.” (686) Even though this has a direct effect on the tuition rates of students. I believe students crying victim is in part to their desire of self-image and perception of the ‘best education’.
There needs to be a change in society towards the value of a dollar and its potential earnings. Students need to measure their degrees side by side and find out who can offer them the best education for the affordable price of their bank account and future incomes. We no longer live in a time when only a portion of America held a degree and it was looked upon as a icon of intelligence. As of today a degree is only a standard of equalizing the playing field as it has more closely become a staple to the business market for

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