Does College Matter?

A link bait article.

My thoughts are yes, College can provide you with tools that can help a lot and can be valuable. It depends on what you want to do, as well as what degree you get. Some degrees have little market value. And for some students, going to college provides them with a structure while they figure out what they want to do. The challenge, is some college have low value and high cost, and burden the student with huge debts. And it even worse for those who do not finish college, and get high debt. And student loans in the US can't be discharged in bankruptcy anymore.

In Chinese Culture, there is a huge amount of focus on education and a lot of family prestige for achieving advanced degrees.

More College Does Not Beget More Economic Prosperity - Forbes