The statement you provided, "Pros and cons of 4 year colleges versus 2 year technical college," is not written in third person. It is a title or phrase that does not include any personal pronouns or specific references to individuals, which makes it neutral rather than specifically third person.
Third person typically involves the use of pronouns like "he," "she," "they," or "it" to refer to individuals or groups. To transform this statement into a third-person context, you could say something like, "This analysis discusses the pros and cons of 4-year colleges versus 2-year technical colleges."