LogFAQs > #933168271

I'd say it's not a necessary path like it's been peddled over the last many decades. It can be as helpful as it can be an utter waste of money and time for those who go into it without a plan. I'd say there's very likely a major bloat issue where institutions make themselves out to be necessary, but you could realistically learn everything on your own. You're only blocked from entry by an arbitrary piece of paper. But then there's obvious fields where you need the expertise of actual people studied in it, like doctors. So, I'd say it's ultimately both depending on what you want to do, the validity of the institution, and the necessity of higher education in the field you're pursing.