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Will college pay off? : a guide to the most important financial decision you'll ever make / Peter Cappelli.

By: Material type: TextTextPublisher: New York : PublicAffairs, [2015]Copyright date: ©2015Edition: First editionDescription: vi, 215 pages : charts ; 25 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 1610395263
  • 9781610395267
Subject(s): DDC classification:
  • 378.38 23
Contents:
Why do people with more education get better jobs? : the link between education and a good job -- How are we doing? : the state of education in the United States -- Does college pay off? : it depends -- The cost of going to college -- Getting that first job after college.
Summary: "College is the biggest expense for many families, larger even than the cost of the family home, and one that can bankrupt students and their parents if it works out poorly. Peter Cappelli offers vital insight for parents and students to make decisions that both make sense financially and provide the foundation that will help students make their way in the world"--Jacket.
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Holdings
Item type Current library Collection Call number Status Date due Barcode Item holds
Book Book Bedford Public Library Non-Fiction Non-Fiction 378.38 CAP Available 32500001682740
Total holds: 0

Enhanced descriptions from Syndetics:

The decision of whether to go to college, or where, is hampered by poor information and inadequate understanding of the financial risk involved.

Adding to the confusion, the same degree can cost dramatically different amounts for different people. A barrage of advertising offers new degrees designed to lead to specific jobs, but we see no information on whether graduates ever get those jobs. Mix in a frenzied applications process, and pressure from politicians for "relevant" programs, and there is an urgent need to separate myth from reality.

Peter Cappelli, an acclaimed expert in employment trends, the workforce, and education, provides hard evidence that counters conventional wisdom and helps us make cost-effective choices. Among the issues Cappelli analyzes are:

What is the real link between a college degree and a job that enables you to pay off the cost of college, especially in a market that is in constant change?
Why it may be a mistake to pursue degrees that will land you the hottest jobs because what is hot today is unlikely to be so by the time you graduate.

Why the most expensive colleges may actually be the cheapest because of their ability to graduate students on time.
How parents and students can find out what different colleges actually deliver to students and whether it is something that employers really want.

College is the biggest expense for many families, larger even than the cost of the family home, and one that can bankrupt students and their parents if it works out poorly. Peter Cappelli offers vital insight for parents and students to make decisions that both make sense financially and provide the foundation that will help students make their way in the world.

Includes bibliographical references (pages 193-206) and index.

Why do people with more education get better jobs? : the link between education and a good job -- How are we doing? : the state of education in the United States -- Does college pay off? : it depends -- The cost of going to college -- Getting that first job after college.

"College is the biggest expense for many families, larger even than the cost of the family home, and one that can bankrupt students and their parents if it works out poorly. Peter Cappelli offers vital insight for parents and students to make decisions that both make sense financially and provide the foundation that will help students make their way in the world"--Jacket.

Reviews provided by Syndetics

Library Journal Review

Cappelli (George W. Taylor Professor of Management, the Wharton Sch., Univ. of Pennsylvania; Why Good People Can't Get Jobs) tackles the titular question in this well-researched response. He considers the query with facts, figures, and ways of thinking that give families the context and tools to make an informed decision. The author lauds the benefits of a college education for the individual and society. However, the price of going to college has dramatically increased. Those additional costs are being paid with loans against retirements and student's future earnings. Concurrently, employers are less willing to train new hires, advertising for specific job skills and prior experience. In response, four-year universities, community colleges, and the newer for-profit institutions market programs they insist will prepare students for the real world and specifically a job. Cappelli's well-reasoned and documented answer helps families evaluate their options in terms of their individual financial situation. VERDICT Academic and yet highly readable, Cappelli's book provides nothing short of consumer protection to families and their students as he addresses the complexities of the higher education marketplace, the unpredictable job market, and the cost of college.-Jane Scott, Clark Lib., Univ. of Portland, OR © Copyright 2015. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

Publishers Weekly Review

Cappelli tackles a question on the minds of many parents and students: what is the value of a college education in the 21st century? His book dutifully explores a variety of complex issues that probe the nature of higher education and its contributions to the individual, while simultaneously weighing the more practical payoffs and pitfalls of secondary schooling in the United States. Voice actor Perkins reads with a deep, slightly nasal voice as he makes his way through Cappelli's many different arguments and considerations, using pacing and emphasis to drive home points. The audio book gets a bit monotonous during the longer passages, when Perkins loses his momentum. But these moments are far and few in contrast to how often he keeps listeners' ears attuned. A PublicAffairs hardcover. (June) © Copyright PWxyz, LLC. All rights reserved.

CHOICE Review

This book is in trouble from start to finish, and there is plenty of blame to go around: author, copy editor, publisher. The book's true target audience is high school students who face next-step decisions, and in five independent but poorly organized and woefully repetitive chapters, the author addresses these questions: Should I go to college? Where should I go? How much is it going to cost? How will I pay for it? What should I major in? How do I get a good job? Mass-market, airport kiosk business books are atrocious as a genre, in this reviewer's opinion, and, unfortunately, this one fits that paradigm comfortably. The annoying vernacular (use of the term kids throughout instead of students, grads instead of the more formal term) and prose style are off-putting. So are the ubiquitous careless errors: it is not David Leonard of the New York Times but Leonhardt; Figure A. 3 in the appendix is upside down; and the index entry for Harvey Mudd College is "Mudd, Harvey." With an endless stream of cut-and-paste items from popular media stories and industry publications (e.g., The Chronicle of Higher Education), the volume is the proverbial mile wide and an inch deep. Summing Up: Not recommended. --Allen R. Sanderson, University of Chicago

Booklist Review

As the cost of attending college escalates, and fewer graduates seem to be able to find jobs that pay enough to repay student loans, more families are wondering about the return on their investment. Business professor Cappelli examines the risks behind the most important financial decision that families will make. Along the way, he examines the movement to put more focus on vocational training, noting that this strategy may not prepare students for future changes in the job market or provide them with meaningful education. He also debunks several myths, including the contention that there has been a shortfall of graduates in technology and the notion that jobs require more education today than in the past. He also looks at basic economics of supply and demand and the wage gap between college-educated workers and those without degrees. Answering the question of whether the cost of college is worth it, he concludes, has less to do with majors and more to do with whether the student graduates and how long it takes to get the degree. A valuable, commonsensical analysis of an ever-more-important subject.--Bush, Vanessa Copyright 2010 Booklist

Kirkus Book Review

A workforce and education expert weighs the perks and pitfalls of higher education.Cappelli (Management/Wharton School; Why Good People Can't Get Jobs: The Skills Gap and What Companies Can Do About It, 2012, etc.) astutely examines the enduring relevance of a college degree despite problematic funding and postgraduate employment issues. In dense chapters full of illuminating statistical and survey data, the author reports on the affordability and effectiveness of a college degree, directing his assessment to benefit future students and their families. As he notes, astronomical tuitions figure greatly into the equation, as American college costs run about four times higher than in other countries, making the decision to attend a postsecondary school an increasingly risky one. Cappelli also examines the variation in degreed students who fail to achieve success in the postgraduate employment marketplace and those who become overwhelmed by the financial burden. The factors affecting these trends are in constant flux, writes the author, and vary from the labor market requiring functional job skills to the student dropout rate and the education-to-career paths that have evolved as rapidly as their corresponding business models and sophisticated hiring processes. Cappelli's eye-opening report card on the current state of American education gives mounting tuitions a failing grade, though enrollment and retention numbers are promising. The author's drilled-down conclusions suggest that students are matriculating at the same level today as they did years ago, but the expense alone has thrown many families into the depths of student loan debt or default. Whether or not investing in college is worth the risk is a major decision about which families and children need to educate themselves. "College is still accepted as necessary for advancement but also increasingly expensive," writes the author, "and increasingly risky in terms of the likely career payoffs." Salient reading for students, parents, and educators on navigating toward a coveted college degree. Copyright Kirkus Reviews, used with permission.

Author notes provided by Syndetics

Peter Cappelli is the George W. Taylor Professor of Management at The Wharton School and director of Wharton's Center for Human Resources. A research associate at the National Bureau of Economic Research, he has long been involved in federal government policy-making regarding the workforce and education. He was also co-director of the US Department of Education's National Center on the Educational Quality of the Workforce, and a member of the Executive Committee of the US Department of Education's National Center on Post-Secondary Improvement at Stanford University.
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