About a dozen summers ago in Taiwan I was dispatched to Taipei from Tainan to take part in an exchange involving Canadian and Taiwanese theological students and faculty. I was a poor choice for this assignment. I had neither taken my theological training in Taiwan nor had I started teaching yet. I was sent because the organizer of the exchange had sent the invitation late, only after other potential representatives from Tainan were already “booked” for that week.
You can’t have people come all the way across the Pacific (as the 10 or 12 Canadians had done) and only have them sit in a room to “confer and exchange”. At least one day has to be given over to touring around. One stop was Aletheia University’s main campus in Tamsui. The school grew out of the missionary work of a Canadian, George MacKay, whose gravesite is on campus. It’s an obligatory stop when Canadians visit. As the university chaplain showed us around one visitors inquired about the cost of getting a Bachelor’s degree there. The chaplain answered with confidence because his son had just finished one. “$NT 1,000,000” he said. That was a comprehensive number, including things like pocket money allowance and bus tickets.
The relative costs of education at different colleges came up in a conversation with friends lately. The dean of sciences at the local private college mentioned his school’s market position viz the University of Michigan, a nearby State University, and two comparable 4-year liberal arts colleges, one in Michigan and another in Ohio. He talked about having to make a case for the higher price of the local school.
That started me thinking about putting relative costs into parallel columns. It turned out to be kind of fun. I created a pair of hypothetical high school seniors who were statistically equal in every way, each desiring to take an undergraduate degree in business administration. I sent one to the nearby state university with a little bit of aid, where she lived in the dorm, ate in the dining hall, had summers off to work, and finished in 4 years. I left the other at home, where she did an online degree (in 3 years). I set each one back $30,000 a year that she could have earned if she went to work in a local factory instead of doing college. The difference in “cost of college plus missed earning opportunity during the years of study” between the two was phenomenal: $206,324. OK, the state university degree will probably be worth more in the long run than the online one, but that’s a LOT of money to “pay back”. In fact, at 6% for 30 years, it comes to $1,237 per month.

And THAT was the state university. The private liberal arts college would be more.
We go to college for many reasons, and “paying back for” anything more than the money borrowed to make it possible is a ridiculous concept. The $206,324 difference between the university and the online program that formed the basis of this comparison is absolutely artificial.
And my comparison quantified things in terms of dollars and cents, so ignores things like the friendships made, independence experienced, and maturity gained when having to navigate the slings and arrows of outrageous fate while not under the roof of the parental home. In the long run, the online diploma, though from an accredited institution, may not have the earning power of the one from the state university. But for how many years of a career do the schools where we’ve obtained our degrees matter more than the value we add to the situations in which we are employed?
College is many things. It’s a (relatively) safe place to try one’s wings; a life-partner hunting ground; a mid-way point between secondary education and full-time employment; a staging point for relationships that may last a lifetime; a smorgasbord of learning opportunities, and more. If one’s primary goal is primarily a combination or mixture of these, a secondary school student may well consider alternative ways of achieving some of them. Enlisting in the National Guard, for example, can offer half-a-year away from home for training, during which one might learn new skills (beyond the military ones) and make some of those relationships that a college experience offers. Non-credit online courses (MOOCs) offer variety far beyond what ANY single university might avail. Of course, as a life-partner hunting ground, college can’t be beat. But social networks, workplaces and voluntary associations totally unconnected to a learning environment have proven their worth in getting people matched up for so many that these can’t be ignored.
The “straw women” I created for my comparison were and are not real. The numbers I used in the comparison, though, were. One woman came out of her tertiary (undergraduate level) education much further behind in terms of dollars and cents than the other. That, in itself, might be worthy of consideration by parents of high school students; by students themselves; and by counselors who help families navigate the processes through which choices are made.
David Alexander now resides in Holland, MI after 39 years in Taiwan.