Filipino Entrepreneur: Another Look at Education from Illustrado
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Another Look at Education
By Francisco J. Colayco
Most parents assume that the best education is the most expensive one. Going to the higher tuition schools is almost always equated to high quality education. Graduating from such expensive institutions is taken as a guarantee for a good career and personal financial success. Indeed, education is an investment for one’s own future.
But what if we were to look at education as strictly a financial investment decision? Though clearly, it is not all about money, determining the most appropriate type of education for our children boils down to affordability. Here is where the pitfall lies. Most of us will kill ourselves to give our children the most expensive education (at the expense of other just as pressing needs) we can afford. Why? This is because we have been conditioned to believe that the higher the investment in education, the higher the return. Worse, some of us may even believe society will judge our stature by where and what category of school our children go to. NOTHING COULD BE MORE IRRELEVANT TO OUR LIVES THAN THIS!
Purely on a return on investment perspective, we must evaluate the cost of formal schooling versus the lifetime cash return to the graduate. Presently, even graduates of the so-called high-end schools are having a hard time finding jobs. This was happening even before the present global economic crisis.
Today, life is more complicated, much more competitive and expensive. Few can have the luxury of wasting time, effort and money in an education that was not really fit to the personality of a child/person. Thus, we should encourage “dreams” in the minds of our children much earlier in life on what they want to be when they grow up. As parents and teachers, we must observe them more and guide them towards the field/s in which they seem to have the most capability to enjoy and succeed. They have to be preparing for their “personal career” as soon as they step into high school.
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