Big Paycheck or Service? Students Are Put to Test

June 24th, 2008 · 2 Comments

Check out this article in yesterday’s New York Times.

 A prominent education professor at Harvard has begun leading “reflection” seminars at three highly selective colleges, which he hopes will push undergraduates to think more deeply about the connection between their educations and aspirations.

The article goes on to say:

“Is this what a Harvard education is for?” asked Professor Gardner, who is teaching the seminars at Harvard, Amherst and Colby with colleagues. “Are Ivy League schools simply becoming selecting mechanisms for Wall Street?”

President Marx gets a nice quote:

Universities are so concerned about this issue that some — Amherst, Tufts, the University of Pennsylvania and Harvard, for example — have expanded public service fellowships and internships. “We’re in the business of graduating people who will make the world better in some way,” said Anthony Marx, Amherst’s president. “That’s what justifies the expense of the education.”

It also mentions the steps Amherst and other schools are taking to replace all loans with grants:

This year, Tufts announced that it would pay off college loans for graduates who chose public service jobs. And officials at Harvard, Penn, Amherst and a number of other colleges say one reason they have begun emphasizing grants instead of loans in financial aid is so students do not feel pressured by their debts to pursue lucrative careers.

In all, definitely a nice article showcasing the progress we’ve made in this area.  However, as Ben Goldfarb ‘09 wrote a few weeks back, it’s still a struggle.  Should we turn down careers in finance?  Is public service all it’s built up to be?  Who says that Wall Street is a bad place?  Does morality really dictate a job in the non-profit sector?

Like a bunch of you out there, I struggle with some of these questions all the time.  So I’m interested to see what this “reflection seminar” is all about.  Anyone know when or where it will be held?  Any info in the comments section would be appreciated.

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2 responses so far ↓

  • 1 Eric Schultz (eschultz10) // Jun 24, 2008 at 11:56 pm

    I’m curious myself about this “reflection seminar” business. Unfortunately, it seems like as work in the public sector is significantly lower paying than corporate, legal, and medical professions, many students are going to choose the latter fields because they feel they need to put their elite education to good use by making themselves a lot of money. Since financial incentives heavily favor non public service fields, we need to come up with other ways to get students from elite colleges to pass up quick 6-figure salaries for the public sector. Maybe instead of appealing to morality as a reason to work in the public sector, we should work on making the public sector appear to be more fun than “selling one’s soul” to the corporate Man. It is certainly a dilemma that I struggle with when I start thinking about my future, as I try to reconcile my wish to help the public good with the wish to be able to be financially comfortable.

  • 2 irradient (yhuang11) // Jun 26, 2008 at 9:33 am

    Why would someone want to spend $200,000 on an education to make $20,000 a year

    Also–
    “Money doesn’t buy happiness. But it can buy things that make you happy.” -Stephen Colbert

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