Sitting at a sports bar at JFK watching Seattle dominate the Saints I found myself in a conversation with a bright young woman who just graduated from Occidental University in Southern California. I had asked Mia what her tuition was at this small liberal arts school and she replied 55 thousand. I told her about this article that I read in the Wall Street Journal Review section addressing the easy availability of student loans through government backing had allowed universities to raise tuition beyond reasonable levels. As a result, far too many coeds graduate with excessive debt in a soft job market. Suddenly, a former Tufts professor interrupted politely agreeing with me that the system was indeed broken but he argued that the primary cause was related to prodigious course offerings that make individual per student costs as high as 75 thousand at many private universities. I added that administrative bloat was clearly an issue as well as non facility costs have soared too. This professor was en route to Brussels having taken a job for NATO in large part because the system is now making it harder to enjoy teaching as well. He told me that tenure is more challenging than ever and schools pay increasing numbers of adjuncts less.
Much like our bloated medical system, the cost structure of college tuition is simply unsustainable. This professor was an exceptionally bright and talented guy who found a creative solution for his own life. Others, less talented or less driven might not be so fortunate. One of the keys to success in life and business is to never ever stay stuck or believe that you are struck. With enough ingenuity and chutzpah, there is almost always another way! And sometimes hiring a coach to help you find that way is a no-brainer!