There is a general misunderstanding that share even top journalists and power holders that higher education is the way young people to join or reproduce middle class segments in global society. Higher education is possible to bring for some wealthier benefits, but as we know well Bill Gate did not graduate even for bachelor. Similar is the destiny of Sean Hannity (with 50 million incomes yearly).
Then, becoming rich is only a possibility, although most of the jobs today even with PhD keep the people in steady (possibly safe) positions in the subsistence segments.
The meaning of the higher education diploma is different – it brings an opportunity to embed higher culture in people and this is wealth, investment, capital, pride, communication mean, outcome ….. – everything what make people higher quality people.
The misconcepted diplomas with career have had created many problems since in key directions of 21st century development, intellectual positions have been occupied not by intellectuals but by career makers who got the diploma but neither were born with intellectual gene nor used university to have built the talent of intellectuals. In contrast to art programs, the college/university program cannot make themselves anybody an intellectual – it only creates opportunity and environment a person to become really an intellectual. And intellectual means philosopher, thinker, academic, scholar …. (not materially rich person by definition).
Intellectual relation to world is a humanistic relation. Then, we need more intellectuals in rehumanization of the contemporary world. Career maker will develop a relation of a consumer and even of a social killer which at certain point becomes a behavior of a real criminal. Contemporary world is full with crimes of higher educated people and one of the main reasons is the career based and not higher culture based orientation of the students at colleges and universities.
Although criticized by some, American higher educational system is leading since creates opportunity for everybody to develop talent and become an intellectual. From this point it is a choice of the student whether to go to school just to get grade and diploma or generally to transform himself/herself and to embed or develop personalities of intellectuals who are spiritually rich people since have higher sensitivity toward quality culture.