Stetson University is raising $250,000 so they can hire a Ukrainian faculty member and offer four scholarships to Ukrainian refugees. There are a few things wrong with this plan, starting with the fact that it is illegal.
First, stating that you are going to hire a new faculty member, and that the faculty member must be from a particular country violates the law. The Civil Rights Act states that it is illegal to discriminate against someone because of race, color, religion, sex, national origin, disability, or age. That means telling someone that a position is open only to those from the Ukraine is against the law.
The next problem with this is more obvious. The claim from Stetson is that the $250K is to fund a one year scholarship for four Ukrainian students. Doing the math, it costs $62,500 a year to attend Stetson University?!?!
According to this website, ten years after their initial enrollment, the average graduate of Stetson University earns $45,400 a year. According to this website, the average high school graduate with no college earns $38,792. That means a 4 year degree from Stetson University will cause a person to earn $6,608 more per year, on average.
It will take 38 years of working to break even from what it cost to earn that degree. You will be 60 years old before you begin to see any real benefit from attending Stetson.
2 Comments
Don Curton · April 23, 2022 at 5:03 pm
I once calculated that, had I gotten a job as a chemical plant technician straight outta high school, versus 6 years of college prior to getting a job as an engineer, it would have taken me up to my mid-40’s in order to break even on the engineer side. However, the engineer job meant more hours in the office versus working nights, weekends, outside in bad weather, etc. And the job pay scale from mid-40’s to retirement would make a big difference on retirement. The real trick would have been getting a job straight outta high school. Any time a plant around here is hiring, they have 5000 people apply for 10 jobs.
Still, I took engineering school to be more trade school oriented rather than basket weaving liberal arts degree level. With the engineer degree around the Gulf Coast area, you can basically guarantee a job anywhere you wanna live.
Divemedic · April 23, 2022 at 9:24 pm
The vast majority of 4 year college majors aren’t useful degrees like engineering or medicine. Majors like art, leisure, English, literature, education, communication, journalism, and psychology make up more than a third of the student body. Imagine running up a quarter million in student debt in order to become a high school English teacher with a starting salary of $40k a year.
https://www.usnews.com/best-colleges/stetson-university-1531/academics
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