Episode 158: Does the College Matter?

This is the second episode in our new series, Decision Time Again.  It’s “again” for us because, as we said last week, we always do some episodes about college decision making in April, for obvious reasons.    

1. Isn’t This Counterintuitive?

Every year at this time, pundits and educators write articles and op-ed pieces about how it doesn’t matter if your kid didn’t get into an Ivy League school, how admissions at top schools is an insane process that turns down thousands of perfectly qualified students, and how, in the end, he or she will still turn out fine.  Of course, that is basically true, and everyone knows it.  For a great take on this issue, go back and listen to Episode 121 from last year, which quotes extensively from an article by writer Michael Winerip, entitled “Young, Gifted, and Not Getting Into Harvard,” published in The New York Times on April 29, 2007!  It could have been written yesterday and is probably more true today than it was when it was written 11 years ago.

But does the choice of which college to send your kid to really matter as little as some people say?  Because although your kid might not have a choice of one of the top 20 colleges in the U.S., that leaves a lot of other ones--thousands, to be exact.  Are they virtually interchangeable?  Is one just as good as another so why spend more?

The advice we always give--and the advice we gave again to one parent last week in Episode 157—is simply this:  Send your kid to the best college he or she got admitted to, even if it costs a little more or is farther away than you had wanted or is not what you had imagined for your kid.  But that advice is clearly not everyone’s view, so let’s look at the other side.

2. It Doesn’t Matter Where They Go to College?

“TIME Ideas hosts the world’s leading voices, providing commentary on events in news, society, and culture,” according to its own website.  Well, one of those leading voices is evidently William Stixrud, co-author of The Self-Driven Child: The Science and Sense of Giving Your Kids More Control Over Their Lives, with Ned Johnson.  The title of his piece in TIME Ideas is “It’s Time To Tell Your Kids It Doesn’t Matter Where They Go To College.”  Well, that is a bold statement--bolder than most.  Let’s take a look at what he wrote early in that article:

. . . [W]hy don’t we tell our kids the truth about success? We could start with the fact that only a third of adults hold degrees from four-year colleges. Or that you’ll do equally well in terms of income, job satisfaction and life satisfaction whether you go to an elite private college or a less-selective state university. Or that there are many occupations through which Americans make a living, many of which do not require a college degree.

I am not against being a good student, and there are clear advantages to doing well in school. But you don’t need to be a top student or go to a highly selective college to have a successful and fulfilling life. The path to success is not nearly so narrow as we think. We’ve all heard the stories of the college dropout who went on to found a wildly successful company. (quoted from the article)

Well, all of this is true.  Yes, there are many roads to success.  Yes, many different colleges can get you there, if you need college at all.  And yet, does that really mean most parents can or will take the position that it doesn’t matter where their kids go to college?  I don’t think so, and I don’t think they should.  Because while there are many roads to success and while many col