A blog post was recently published that discussed recent trends in college majors. It cited a study of Yale University that showed a drastically declining number of English majors, contrasted by a large increase in the number of economic majors. This may be due to the increasingly common view that college is largely a monetary investment.
Why is college being viewed as a monetary investment? Well, largely because the students themselves have a larger stake in it than ever before. As of 2014 the debt of American students from their student loans has totaled well over 1 trillion dollars (Frizell). This increase in student loans has corresponded to the increase in the cost of college itself; which, was largely due to the increase of total students applying to college.
But, not only is college viewed as a monetary investment by students, it's also viewed as a monetary investment by parents. This pressure from parents to "succeed" (an American saying that often translates to: go to a competitive college and earn a lot of money) is largely in effect at my school, New Trier High School. I was discussing this subject with a classmate of mine who said that she received a low ACT score the first time she took the test. In response, her parents got her a tutor and her score increased significantly allowing her to get into a better school. This story is so common at New Trier (my own parents payed for both a class and a tutor) because the school is located in a high-income neighborhood. But, the reason why people want to be able to afford a tutor in the first place is because it essentially buys you a competitive ACT score. A competitive ACT score gets you into a competitive college. And (if you take the right major, like say, economics) the prestige of going to a competitive college will merit a high-income job (or at least that is the theory held by many parents in my neighborhood). My dad offered me similar advice saying that I should consider going to a larger school with more "name recognition" instead of the smaller liberal arts schools I have been looking at. Clearly, parents want their children to be "successful," will steer their education from the sidelines in that direction.
![]() |
Roughly 20 students of my schools graduating class received a perfect score on their ACT |
Although I will not feel the financial pressure of the many students taking on college debt because my parents can afford (and are thankfully willing) to put me through college, I do feel the pressure to succeed. It's the reason why I took solely business electives until my Junior year, and the reason why I will in all likelihood take yet another math course my senior year that I couldn't care less about. After all, with so many Americans (many far less advantaged than I) striving for "success," I feel a twisted sense of guilt whenever I consider striving for something else.