Thursday, February 17, 2011

higher education


It probably seemed like a good idea at the time--borrow money so you can get higher education. But really, does it work?

I took up BS Pharmcacy back in university ('twas a pre-med course; I wanted to be a doctor back then). In our batch, there was 200+ students that took up that particular course. Imagine this: 5 years before us, there was that same number of students that graduated EVERY YEAR before us, and five years after that time we graduated, there'd be 200+ more students EVERY YEAR who will finish the course. That's more than 10,000 pharmacy graduates in one decade.

This will scare the shit out of you--that's just one university. Imagine how many "universities/collges" in the whole country (Philippines) that offer that same course at a cheaper price?

If you were a pharmacist, how long would you keep your job? As long as it is profitable for you, right? My brother worked in the same company that hired him after college for 20 years before he retired.

In the Philippines, how many companies can these graduates get a job with that are related to the course they finished in college? Can you see the supply and demand equation here? Do you still think it makes sense to get a college education, just because "everyone is doing it?"

Imagine yourself a parent, working tooth and nail, saving up money so that your kids can get "higher education." Is it worth it?