College Education as a Product to Buy

I have had the experience of purchasing a few different items that are listed as choices to choose from, but I choose to go with my most recent purchase, my college education. My college education has been one of the most important decisions I have made.

I knew that I had to take this decision seriously and not just jump into it without all the information I needed since this was going to be a long term commitment financially. Understanding the pros of getting my college education with a degree in business management out weighted any con that I could come up with. Since I was graduated from Tehachapi high school the demand for a college degree has increase. Both my mother and father never attended college and both were very successful people in the careers they choose.

My father owned his own electrical business and my mother was the lead accountant at the California department of corrections. A collage education or degree was not as sought after to have a good job or career as it is today. My father started his own business at the age of 25 years old and has learned many successful skills through his years to be a successful business owner. Today many businesses are requiring a degree to work for them. The company that I currently am working for requires a degree to move up with in the company.

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You can start working for them at the bottom of the totem pole, but in order to advance and make more money they want the employees to have a degree. They are even willing to pay for part of your tuition as long as you pass the classes with at least a C average. The tuition requirement played a big role in making the decision to go to college. Although I have a few years of experience in management, in order for me to move up, have more job security and a better knowledge of the type of management I am doing, I knew I needed to take the leap.

I know that earning this degree; will provide me with more opportunities with my company. Supply and Demand 2 There are many factors when concerning the supply and demand that can cause changes to consumers going to college. The main factors that could cause changes are the consumer’s income levels and the employer’s expectations of having a college degree. If consumers can’t afford to pay for a college education, then they are more likely to wait and settle for any job that can help them meet their bare requirements to pay their bills.

The second factor is if employers do not require for their employees to have a degree or college education. If employers were not requiring these standards, more consumers will not be willing to pay the extra expense for something they are not required to have. Consumers are not willing to pay an expense for something that is not going to help them secure a job or advancement with a company. There are a few substitutes for consumers not wanting to pay for a college education.

One of these would be for the consumer to become an intern for a particular place. This would allow the individual to test drive the career before they start investing time and money into college, and they will get on – the - job training. This could give individuals a taste of a particular job field to determine if it would be worth the investment for them. Vocational trainings can be offered locally and through other larger organizations free of charge. These trainings can be very rewarding experiences for consumers.

AmeriCorps and Peace Corps have volunteer opportunities lasting anywhere from 10-27 months that provide small living stipend as well as healthcare and childcare benefits. Some may even qualify for educational awards for future college expenses.

References

1. http://www. investopedia. com/financial-edge/0611/6-alternatives-to-going-to-college. aspx#axzz2CcogXWBG)
2. www. nytimes. com - Burden of College Loans on Graduates Grows By Tamar Lewin Published: April 11, 2011 http://www. investopedia. com/financial-edge/0611/6-alternatives-to-going-to-col

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