Monday, August 3, 2009

College grad can't find job, wants money back from school

From NBC New York comes this story:
She went to college to boost her chances of finding a great job once she got out of school, but now that that hasn't happened, Trina Thompson wants her money back.

Thompson, a graduate of Monroe College, is suing her school for the $70,000 she spent on tuition because she hasn't found solid employment since receiving her bachelor's degree in April, according to a published report.

The business-oriented school in the Bronx didn't do enough to help her find a job, Thompson alleges, so she wants a refund. The college says it does plenty for grads. ...

Article here. Unfortunately, absent an explicit promise by the college of a job upon graduation, Ms. Thompson's lawsuit is likely to prove unavailing.

But it does raise the question of accountability: Should colleges and universities be accountable to their students for a job after graduation? Isn't that why most students, particularly those who study business, or engineering, or medicine or law, go to school in the first place? I would guess that getting a good, well-paying job upon graduation is probably at least one of the top three reasons for doing so.

I mean, ask yourself this question: What other product, costing anywhere from $40,000 to $250,000 paid over three to six years, comes with no warranty or guarantee of basic merchantability and fitness of purpose whatsoever? Outside of a house, a college education is probably the biggest single expenditure you (or your parents) will make. Shouldn't students be able to get a refund if the "product" doesn't perform as advertised?

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