Abu Tala

In her paper “Megan McArdle on the Coming Burst of the College Bubble”, author Megan McArdle, argues about there are many students who are not benefiting much from their education. First, McArdle is surely right about the increasing in the college prices because there many studies show that increasing. She says, “The price of a McDonald’s hamburger has risen from 85 cents in 1995 to about a dollar today” (pag7). Some studies show that the prices of schools raising 3 to 4 percent a year over inflation. Also, the average prices of all goods rising about 50 percent, but college’s prices rising to the doubled, which is more than the prices of the goods and services (pag7). The slowly adopting of using technology and keep employing filing clerks and payroll assistants that makes it very expensive.
Second McArdle seems to believe that being a student in college it does not worth anything. However, in my experience I got many skills in college that I did not get them when I was in high school. The question that “ why many students spend so much time trying to get as little as possible for your money?” (pag19) the answer that they are mostly there for a credential, not learning. The hypothesis that some people borrowing money to attend in any college thus for jobs they will not get. In addition, the fact that some colleges do not provide the important skills that the employee need in his work after he/she graduated from the college, which he/she can get these skills if they just work in any simple job. The irresponsible thinking of some 18 years students about the education that they get.
I agree with McArdle's view that students do not gain skills from college that they need after graduated to use it in their jobs. She says “the fact that the person who graduated from college is getting more income than the person who just has a high school diploma, but the true thing there are many students have unclear future job”(pag13). Also, she sources the findings of Northeastern University economist Andrew Sum who complemented that 53 percent of the young students the do not have job our working in inappropriate jobs , and of Ohio University's Richard Vedder, who found that, in 2008, that 35 percent of students they work in jobs that is not need BA.
Finally, the issues that student have with loans. More than half of all recent graduates they do not have job or working in job that do not need degree. , and the number of student-loan debt carried by households has become bigger since 1999 (pag10). Usually, these stories treat this massive debt as an unfortunate side effect of spiraling college costs. Also, the new change on the faience side, which is provide some help for student to cap their loan payment at 10 percent of their income and forgives any balance after 25 years, but that does not restrict the prices of education and that switch it to the taxpayers (pag30).