It’s almost 2018, there probably isn’t a textbook in existence which hasn’t been digitised and yet some institutions of higher learning insist on their students carrying those big and bulky physical prescribed textbooks. When one thinks about the reasons thereof it become hard not to believe in conspiracy theories which inevitably lead up to one questioning the real value of the education we pay so much money for.
Do you count the cost for the textbook you used for only one semester towards the monetary value associated with getting your degree, for example? Is it simply a matter of tallying up every single cent you spent throughout each academic year and then concluding that your degree is worth the total? Of course you’d have to factor in many costs in addition to the tuition and textbooks, such as how much you spend on accommodation, food, medical expenses, extracurricular activities to achieve balance, transport costs, etc.
What about any financing you might have obtained to help you pay for your studies, with the likes of student loans notorious for racking up some major student debt you’ll find yourself having to pay off for a good chuck of your working life?
I think it’s clear to see that merely slapping the total value of your college expenditure onto your academic qualification as its value wouldn’t be a truly accurate representation of the true value. This would mean that something like the same law degree different students with different financial circumstances get is effectively valued differently.
So as much as the associated expenditure en route to getting your degree forms part of what constitutes its value proper, it only forms part of thereof. I mean there is no absolute mathematical equation one can use, although there perhaps is one which one can create themselves in line with their own circumstances.
The expenditure en route to the qualification should probably be added to other financial considerations in relation to the weight of your qualification once you’ve entered the workplace, like your employment opportunities, your ability to perhaps start your own thing and be successful at it and perhaps most importantly, your earning potential.
Although any equation which is derived from aggregating these mentioned factors may appear to come from more of a selfish point of view, many qualified working professionals also seek to factor in considerations such as how much of an impact their qualification and subsequent work contribute to their communities. I mean take into account the likes of the Johnston Law Firm for example. These legal professionals will tell you a rather heart-warming story of how they place infinite value on their official academic qualifications since it is those very qualifications which allow them to keep helping people get awarded what’s due to them by law – people who would otherwise not be able to afford the legal fees associated with the likes of personal injury cases.
This is why they offer free consultations, which I suppose is something which you could try to assign some value to as part of your derived equation of working out how much an academic qualification such as one in the legal field is truly worth.
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