Florida’s low-cost bachelor’s degrees are paying off for students, writes Sophie Quinton in The Atlantic.
Graduates from the Florida College System’s workforce-oriented bachelor’s degree programs earn about $8,000 more the year after graduation than university graduates, according to research mandated by the state legislature. Tuition for four-year degrees from FCS institutions typically cost $13,000—less than half the cost of four years at a state university.
Alberto Partida, 43, will spend less than $10,000 to earn a four-year degree in supply-chain management from Broward College, a former community college in South Florida. A high school graduate and former restaurant owner, Partida hopes to enter a growing field. The college estimates there will be 3,555 new supply-chain management jobs in the county by 2019, driven by the expansion of local ports.
The FCS (formerly the Florida Community College System) offers four-year degrees in high-demand fields, such as nursing and computer engineering technology, that lead directly to jobs. FCS colleges don’t offer liberal arts degrees, and can’t offer programs that compete with nearby universities.
But in programs roughly equivalent to university majors, FCS graduates do just fine. Business administration and elementary education majors at state universities earn about the same their first year out of school as FCS graduates, the report found. Registered nurses who graduate from FCS institutions actually earn about $10,000 more their first year out than their university-educated peers.
Florida Prepaid, a state program that lets parents pay for college in advance, charges $53,729 for a four-year university plan, almost three times as much as a four-year FCS degree plan. ”Each year that goes by we’re starting to see more families purchasing the four-year Florida College plan and the 2+2 plan,” says Kevin Thompson, executive director of Florida Prepaid. The 2+2 plan combines an associate’s degree with two years at a state university.