In today’s world, there are many different types of workforce related to different fields of education. For example, to become an accountant, banker or finance manager student are required to get a degree in financial accounting, to become a doctor first an undergrad then a specialization degree is must or to become engineer students must study specific subjects in a specific combination so that they gain knowledge of that specific field of engineering they want to pursue. To survive in all the organization related to the specific fields students must gain knowledge which is provided to them through universities and colleges. “For Robbins, an economist commissioned by the government of the time to draw up a report on the future of higher education, universities had four objectives: instruction in skills, promotion of the general powers of the mind, advancement of learning, and transmission of a common culture and common standards of citizenship (https://www.theguardian.com/education/2011/oct/10/higher-education-purpose ).” Universities are here to provide students with the knowledge which is essential for them in the future. If a person does not know how to deal with accounts or how to operate a patient then that is only when that person does not has the skillset required to deal with that account or that patient. …show more content…
Now if a student has nothing in hand, also he or she has a loan from university which has to be paid in coming few years and in some scenarios his or her family are already in debt because of other expenses, entering a job and not having the specific skills, training, education will make the situation worse than ever. “Overall, 129 colleges reported average debt loads of more than $35,000 and 49 reported that more than 90 percent of their graduates left with debt”( https://www.usnews.com/news/articles/2014/11/13/average-student-loan-debt-hits-30-000 ). To pay off their loans, students need to get paid and for regular earnings, they opt for jobs in relative departments of their field. To support their family, students prefer jobs which pay them well with great incentives. Today most of the billionaires belong to the highest ranked universities, like University of Pennsylvania, Harvard University, Cornell University, Yale University, Stanford University etc. which is a proof of students cashing in on their university education, so even if the students