Recently, I was on The Jay Boatman Show to discuss my thoughts on for-profit education and the “Gainful Employment” legislation that is being spearheaded by the Department of Education. In a nutshell, the federal government wants limit the amount of Title IV funding that private sector (aka “for-profit”) colleges receive for students to attend their colleges and universities.
The aspiration of rewarding, gainful employment is a solid one. If you are going to spend the majority of your time working, why wouldn’t you want to enjoy what you are doing and be financially rewarded for it? The Department of Education issue, however, isn’t really about people being gainfully employed – it is more about ensuring that education consumers who select to go to school at market-driven institutions are able to repay the debt they accrued while seeking higher education opportunities.
Unfortunately, both private and public sector colleges and universities have students who graduate who cannot pay back their debt. My core belief is that much of this problem stems from a complex system of misinformation and the culture of debt we have in this country. I also believe that if we are truly concerned about “gainful employment” for our college graduates, we need to look at ALL higher education institutions and get down to frank discussions about how we educate our future leaders.
Ultimately, YOU are solely responsible for your career readiness and ensuring that you are well-informed about how to make the most of your future. Education can help you attain your career goals if you are prepared and make the most of your experience.
Keep these things in mind when choosing a school and field of study:
Know yourself and your situation, even if you don’t know exactly what you want to do
You may not know your end career goal, but you need to know your strengths and leverage them. Spend a few uninterrupted hours (or days!) with yourself to reflect on why you want to go to school and your primary passions. Know what you like to do and where your talents lie. Ask friends, relatives, former teachers and managers to quickly summarize your greatest assets and weaknesses. Blog or journal about your future aspirations and make some SMART goals for the next year, two years, and so on (SMART = Specific, Measurable, Attainable, Realistic, Timely). Assess and list any relevant considerations such as abilities, family and financial obligations, location and other potential barriers or resources.
Research, research – and then research some more
Using your SMART goals and your situation details, start external research. There are hundreds of websites dedicated to helping you understand how to pick a higher education institution. Use the web, but use it well. Don’t rely on one or two websites and use a variety of keywords in your search criteria. For example, the search terms “pick a college” and “questions to ask when picking a college” are similar, but yield different search results. Rely on well-known, reputable sites for school listings such as the Department of Education site which includes all public and private sector accredited institutions. For further resources that I like, see the end of this post.
Think long term
Once you are invested in your education, make the most of it. Understand the resources available to you on campus. Utilize your Academics, financial aid, student services and career development offices. Attend their events, participate and ask questions. Go above and beyond your peers and don’t take shortcuts on your assignments. Build a network of people who can help you in your future – and don’t forget to help them and stay in touch, too. You are there to learn and engage with those around you. Every day makes an impact on your future.
Be a Marketeer
In the end, it comes down to you. Proactively promote yourself and your needs. Don’t be passive and hope that someone else will do something for you. If you don’t understand something after you have researched it, determine the correct person and get an answer. Advocate for yourself throughout your education and you will carry that habit onto your career and your future.
Want more information on the issue of “Gainful Employment”? Read all sides:
- Department of Education
- Huffington Post
- Future of Capitalism Blog
- Diverse Education Blog
- A Closer Look from Forbes
Want more information on choosing colleges, majors and careers? Here are some of my favorite resources:
- US News & World Report
- Department of Education
- The Princeton Review
- Quint Careers with a great Senior Planning Calendar
- My Footpath