College alternatives: Less expensive career paths | Morning in America
Summary
TLDRThe News Nation special series 'America's College Crisis' addresses the unaffordability of higher education, leading many to seek alternative career paths without college degrees. The segment features Andrew Ball, who found success as an electrician after leaving college, highlighting the rise of vocational schools as cost-effective alternatives. It discusses the shift in societal views on education and the importance of aligning passions with careers, as well as the impact of the pandemic on young people's career choices and the growing number of graduates living with their parents due to economic challenges.
Takeaways
- 📈 The cost of higher education is increasingly unaffordable, leading many to reconsider college as a necessary step towards a good job.
- 🔄 There's a shift in perception where traditional college degrees are no longer the only path to a well-paying career, as vocational and trade schools offer alternative routes.
- 👷♂️ Andrew Ball's story exemplifies how switching from college to trade school can lead to a fulfilling and well-paying career as an electrician.
- 💼 A Georgetown study reveals that an increasing number of non-degree holders are out-earning college graduates, challenging the conventional wisdom that a degree is essential for high earnings.
- 📉 College enrollment rates have been declining, dropping from over 70% to less than 62% in recent years, indicating a change in educational priorities among high school graduates.
- 💡 The script suggests that it's crucial for individuals to assess whether the high cost of college is worth the potential lifetime earnings.
- 💻 There's a growing trend towards learning specific skills, such as coding, which can lead to lucrative careers without the need for a traditional college degree.
- 🌐 Remote work opportunities are expanding, allowing skilled individuals, even those without college degrees, to work from anywhere and earn a good living.
- 🧠 Psychotherapist Stacy Kaiser points out that societal stigmas around not having a college degree still exist, but the pandemic has complicated career paths and choices for young people.
- 🎓 The narrative emphasizes the importance of happiness and passion in one's career choice, suggesting that doing what one loves and being well-compensated for it is a key to long-term satisfaction.
Q & A
What is the main issue discussed in the 'America's College Crisis' series?
-The main issue discussed is the high cost of higher education, making it unaffordable for many, and the resulting debt crisis for those who do attend college.
What alternative career paths are mentioned in the script for those who cannot afford college?
-The script mentions trade schools and vocational training as alternative career paths that do not require a college degree but can still lead to a good living.
How does Andrew Ball's story illustrate a shift in perspective on college education?
-Andrew Ball's story shows a personal realization that success and satisfaction can be achieved through trade school and practical skills, rather than a traditional college degree.
What is the significance of the Georgetown study mentioned in the script?
-The Georgetown study is significant as it indicates a growing trend where people without college degrees are beginning to out-earn college graduates.
What is the current trend in college enrollment according to the Bureau of Labor Statistics cited in the script?
-The trend shows a decline in college enrollment rates, with a drop from over 70% to less than 62% in recent years.
Why might some high school graduates be choosing not to attend college as per the script?
-Some high school graduates might be choosing not to attend college due to the high costs and the slim chance of recouping that investment through increased lifetime earnings.
What is the role of coding schools in the context of the script?
-Coding schools are presented as an alternative to traditional college education, offering short-term, intensive training that can lead to well-paying jobs in the tech industry.
How does the script suggest society's perception of college education needs to change?
-The script suggests that societal stigmas around non-college careers need to be recalibrated to recognize the value of vocational and trade skills in achieving financial success.
What challenges do young people face regarding college and career choices according to the script?
-Young people face challenges such as feeling lost, not knowing what major to choose, and uncertainty about their career paths, which can be exacerbated by the pandemic.
What advice is given in the script regarding pursuing one's passion and career?
-The script advises to pursue one's passion and find a way to get paid well for it, as happiness and fulfillment are key factors in long-term success.
What is the focus of the next segment in the 'America's College Crisis' series as hinted in the script?
-The next segment will focus on the record numbers of graduates living with their parents and strategies for parents to support their children during this challenging time.
Outlines
🎓 College Affordability Crisis and Alternative Career Paths
The script discusses the escalating costs of higher education in the United States, making college unaffordable for many. It highlights a shift in societal norms as people are opting for alternative career paths that do not require a college degree. The narrative features Andrew Ball, who after attempting college twice, found success and satisfaction as an electrician, emphasizing the value of trade schools over traditional college education. The segment also mentions a Georgetown study indicating that an increasing number of non-degree holders are out-earning college graduates, suggesting a reevaluation of the necessity of a college degree. The Bureau of Labor Statistics data is cited to show a decline in college enrollment rates, and the script concludes with the idea that society needs to recalibrate its views on education and success, with a focus on passion and skill over formal degrees.
Mindmap
Keywords
💡College Crisis
💡Unaffordable
💡Debt
💡Enrollment
💡Career Paths
💡Trade School
💡Vocational School
💡College Enrollment Rate
💡Coding School
💡Remote Work
💡Recalibration
Highlights
The cost of higher education is making it unaffordable for many, leading to alternative career paths.
Enrollment in colleges is down as more students opt for less expensive career paths.
Andrew Ball's switch from college to trade school led to a thriving career as an electrician.
Vocational schools are seeing a boom as students bypass the high costs of college.
A Georgetown study finds people without degrees are starting to out-earn college grads.
Some argue that college is not worth the debt for those who won't earn enough to cover its cost.
Coding schools offer an alternative to college for those interested in technology careers.
The Bureau of Labor Statistics shows a drop in college enrollment rates over the years.
Advisors recommend doing the math to determine if the cost of college is worth it.
Some successful individuals in tech have no college degrees and are in high demand.
Societal stigmas around not having a college degree are still a factor despite the changing job market.
The pandemic has added to the challenges faced by young people considering their education and career paths.
Some students feel lost and unsure about their major or career even if they go to college.
The importance of happiness and finding a fulfilling career is emphasized over strictly following the traditional college path.
The saying 'do what you love and find someone who will pay you handsomely to do it' is highlighted as great advice.
The series 'America's College Crisis' continues with a focus on graduates living with their parents in record numbers.
Transcripts
THIS MORNING ON NEWS NATION
SPECIAL SERIES, AMERICA'S
COLLEGE CRISIS WITH THE COST
OF HIGHER EDUCATION BEING SO
UNAFFORDABLE. MANY PEOPLE JUST
SIMPLY CAN'T GO. AND IF YOU'RE
LUCKY ENOUGH TO GO, THEY ARE
DROWNING IN DEBT FOR DECADES.
AND AS OUR NANCY LOO HAS
PEOPLE ARE TAKING OTHER ROUTES
AND STILL MAKING A GOOD LIVING
NO COLLEGE DEGREE REQUIRED.
GOOD MORNING NANCY.
GOOD MORNING MITCH AND
ADRIAN. IT USED TO BE A GO TO
COLLEGE. YOU GET A DEGREE, GET
A GOOD JOB. BUT THINGS ARE
CHANGING. WHILE ENROLLMENT IS
STRONG HERE AT U C L A IT IS
DOWN AT MANY SCHOOLS BECAUSE
MORE AND MORE KIDS ARE
CHOOSING LESS EXPENSIVE CAREER
PATHS. AFTER TRYING THE
COLLEGE ROUTE TWICE YOU MIGHT
SAY ANDREW BALL THEY HAD A
LIGHT BULB MOMENT.
THE 27 YEAR-OLD HAS BEEN
THRIVING AS AN ELECTRICIAN FOR
THE PAST 6 YEARS.
THE SWITCH FROM COLLEGE TO
TRADE SCHOOL WAS AMAZING. SO
THAT WAS THE FIRST TIME IN MY
WHOLE LIFE THAT I WENT TO
SCHOOL AND I WAS LIKE, I'M
GOOD AT THIS. A GENUINELY FELT
LIKE THAT. IT WAS. I'M GOOD AT
THIS. YOU CAN BECOME A AND BY
THE TIME YOU'RE 20.
SO YOU COULD BE 20 AND
MAKE, YOU KNOW, 70 $80,000 A
YEAR. HOW DO YOU DO THAT
GEORGETOWN STUDY FINDS A
GROWING NUMBER OF PEOPLE
WITHOUT DEGREES STARTING TO
OUT EARN COLLEGE GRADS THAT AS
VOCATIONAL SCHOOL SEEING A
BOOM WITH MORE KIDS BYPASSING
THE HIGH COST OF COLLEGE AND
STUDENT LOAN DEBT IT. YOU
DON'T EARN ENOUGH TO COVER THE
COST OF YOUR COLLEGE DEGREE.
WELL, GUESS WHAT, NOW IT
DIDN'T MAKE ANY SENSE FOR YOU
TO GO TO COLLEGE. I THINK THAT
EVERY CHILD TO MAKE THEIR OWN
PATH. I DIDN'T GO TO COLLEGE
MY. EX-HUSBAND AND MY NEW
HUSBAND DIDN'T GO TO COLLEGE
AND REMOTE MAKE A DECENT
LIVING. I THINK EDUCATION IS
LIKE.
EVERYTHING NOWADAYS AND
THAT YOU KNEW BECAUSE TO GET
ANY JOB YOU WANT IN 1900 TO BE
OF. IS IT SOMETHING THAT WORK
BACKUP OR SOMETHING. NOW YOU
CAN BACK ACCORDING TO THE
BUREAU OF LABOR STATISTICS,
COLLEGE ENROLLMENT HIT AN
THAN 70% OF HIGH SCHOOL
GRADUATE WENT TO COLLEGE.
THAT'S OVER 2 MILLION KIDS.
BY 2011 THAT RATE DROPPED
TO 68.3%. AND BY LAST YEAR
FELL DRASTICALLY TO LESS THAN
62%. IT'S A NUMBERS GAME.
ADVISORS SAY WAY THE GOALS AND
DO THE MATH TO DETERMINE
WHETHER COLLEGE IS REALLY
MORE THAN $80,000 ON GOING TO
COLLEGE TODAY.
YOU HAVE A VERY SLIM CHANCE
OF MAKING THAT BACK OVER YOUR
LIFETIME. NOT TO SAY THAT
YOU'RE PROBABLY NOT A TRENDY
TRACK THESE DAYS. COMPUTER
CODING ICE TO GO TO COLLEGE.
BUT FOR ONLY 2 WEEKS COLLEGE
OF CODE OVERS. A CODING SCHOOL
FOR KIDS. IF YOU ARE TEENAGER
NOW AND YOU'LL YOU'LL HELP ME.
A NEW PASSION IS LEARNING TO
CODE. AND YOU'VE BEEN DOING IT
FOR A WHILE AND YOU'RE GETTING
GOOD AT IT IS.
THERE'S NO NEED TO GO TO
COLLEGE EVEN IF YOU KNOW THE
SCALE, YOU KNOW THE SKILL AS A
KID ONLY AND TAUGHT HIMSELF TO
CODE ON HIS DAD'S COMPUTER.
THESE DAYS. HE AND HIS WIFE
THE YEAR WORKING REMOTELY FROM
ALL OVER THE WORLD. HIS
COMPANY COULDN'T CARE LESS
ABOUT COLLEGE DEGREES. WE'VE
STARTED THE ENGINE IS THAT
DON'T HAVE COLLEGE DEGREES
THAT HAVE.
WHAT IT IS. AND AS
EXPERIENCED A SIX-FIGURE
COLLEGES AND IS NOT NECESSARY
PREREQUISITE FOR MAKING A LOT
OF MONEY KENTUCKY. I REALLY
FEEL THAT SOCIETY NEEDS TO BE
RECALIBRATED PSYCHOTHERAPIST
STACY KAISER SAYS SOCIETAL
STIGMAS REMAIN A FACTOR AND
NOW THERE'S A PANDEMIC
OVERLAP. A LOT OF YOUNG PEOPLE
ARE TELLING ME THAT THEY
ACTUALLY FEEL LOST.
AND SO EVEN IF THEY GO TO
COLLEGE, THEY DON'T KNOW WHAT
MAJOR. THEY WANT TO HAVE. THEY
DON'T WANT THEY DO WHAT THEY
WANT THEIR CAREER TO BE.
ET CETERA.
SO THE RECALIBRATION IS
WELL UNDERWAY WANT TO LOOK AT
SOME OF MY FRIENDS WHO, YOU
KNOW, SPENT YEARS IN COLLEGE
AND HAVE TONS OF DEBT. YOU
KNOW, THER WHATEVER THEY DID
GO FOR COLLEGE FOR IS NOT
EXACTLY PAYING THAT BILL MORE.
I DON'T REGRET IT AT ALL.
I'M I'M HAPPY WITH WHAT I DID.
A VERY HAPPY.
AND HAPPINESS IS SO
IMPORTANT. A KEY FACTOR IN THE
LONG RUN RESEARCH SHOWS A
CLEAR LINK BETWEEN PASSIONS
A DAY. AND MITCH, I'M SURE
YOU'VE HEARD THE SAYING ABOUT
DO WHAT YOU LOVE.
DO WHAT YOU LOVE. AND FIND
SOMEONE WHO WILL PAY YOU
HANDSOMELY TO DO IT. IT'S
GREAT ADVICE AND IT'S GREAT
WORK IF YOU CAN GET IT. AND A
GREAT STORY THERE FROM NANCY
LOO. THANK YOU FOR JOINING US
ON MORNING AMERICA. OUR NEWS
NATION SPECIAL SERIES,
AMERICA'S COLLEGE CRISIS
CONTINUES. TOMORROW GRADUATES
IN ON GRADUATES ARE MAKING
HISTORY RIGHT NOW LIVING WITH
THEIR PARENTS IN RECORD
NUMBERS, NOT THE KIND OF
HISTORY YOU WANT TO MAKE. BUT
HOW DO WE FIX THAT. HOW LONG
SHOULD YOU LET THEM STAY. HOW
SHOULD YOU LET THEM BORROW
MONEY. IT'S THE ULTIMATE
PARENT SURVIVAL GUIDE AND IT'S
TOMORROW ONLY ON MORNING
AMERICA. GOOD TO SEE NANCY AS
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