College grads earn $26,000 more than you :)

[Kevin20]

Here's another article in the debate as to whether college is worthwhile etc, from a new Census Bureau report

http://austin.bizjournals.com/austin/stori.../27/daily2.html

 

 

Interesting bits:

 

- 29% of adults have bachelors degrees, up from 24% a decade ago.

 

- Young people are increasingly likely to be college graduates -- 31% of the age group 25-29 are college grads (versus 17% among 75+ year olds)

 

- Average individual earnings are $31K for those with only high school diplomas, vs $57K for those with bachelor's degrees.

[WFO]

In my opinion it really depends on the degree. You can never have your education taken away from you. At the same time it might not be worth much either. It also depends on what it costs in relation to what type of degree it is.

[nothingtolose]

In my opinion it really depends on the degree. You can never have your education taken away from you. At the same time it might not be worth much either. It also depends on what it costs in relation to what type of degree it is.

 

+10

[angeleyeskkhr]

Here's another article in the debate as to whether college is worthwhile etc, from a new Census Bureau report

http://austin.bizjournals.com/austin/stori.../27/daily2.html

 

 

Interesting bits:

 

- 29% of adults have bachelors degrees, up from 24% a decade ago.

 

- Young people are increasingly likely to be college graduates -- 31% of the age group 25-29 are college grads (versus 17% among 75+ year olds)

 

- Average individual earnings are $31K for those with only high school diplomas, vs $57K for those with bachelor's degrees.

 

I make around $33,000.00 right now. So much for my college diploma.

 

ETA: IMHO it doesn't just depend on the degree, but also what ya plan on using it for/what field you go into. In my field, pay just ain't gonna get THAT high (not insanely high at least). The $50ks might be attainable if ya have like 15+years experience.

Edited May 5, 2009 by angeleyeskkhr

[TopDoggy]

If the intent is making money, then you must specialize, a four year education is usually not enough. But I think education is very important because it places you on a small platform with a large pool of potential beneath you at all phases of your life, it allows you flexibilty and oppourtunity and regardless of the occupational situation you usually command the upper tier of a pay grade. All things being equal people with college degress excel more in society then without, period.

[pks3541]

Drop out 11th grade GED = 82,000.00 yr.

[hegemony]

education is a lot more than just what you make in material return.

 

it is especially useful if the only path to the career of your dreams requires a specific degree.

 

but even the best degree means nothing if the individual can't find his or her bootstraps.

[GEORGE]

Drop out 11th grade GED = 82,000.00 yr.

But you missed out on the $100,000's of student loans

 

 

I actually paid my own way with zero loans

[radi8]

I actually paid my own way with zero loans

 

Used to be more common than it is now. Tuition increases tend to run about double the rate of inflation but most college-age kid's paychecks do not.

[Daddy]

I know some college graduates who can't write a complete sentence.

[Kevin20]

I know some college graduates who can't write a complete sentence.

 

 

Yes, but you're forgetting

[GEORGE]

I know some college graduates who can't write a complete sentence.

Do they get PAID for a complete sentence

 

[cb_opus]

I know some college graduates who can't write a complete sentence.

 

 

Yes, but you're forgetting

 

<snort>

 

My job allegedly requires a Bachelor's, Master's preferred. I don't have the latter, and took a long time to complete the former.

 

Much depends on what you bring to the job - experience, intelligence, and ability go far beyond education.

Edited July 20, 2009 by cb_opus

[mommyof2monkeys]

I for one am EXTREMELY thankful my dh had the drive to get his BA and his Masters. This allowed us to go through a lay off without hardly a paycut for the next job. I can't imagine dh looking for a job after a lay off with no education.

 

Tammy

[LoneGunman]

Nothing against college but not everyone is cut out for it, I wasn't. IMHO too many people are going to college and not enough getting into the trades, as an electrician I make around 50K a year even in this economy, in S Florida 50K is good money and more than most college graduates are making if they are even employed. Do 5 years in a trade, get your license and then go out on your own, I know quite a few 1 man shops easily making 100k a year. The biggest drawback is the amount of time you can work, At 40 years old my shoulders and back are just about shot.

[Sherlock14]

Lol! I have an Accounting degree (summa cum laude) and a JD and can't land a job right now to save my life.

[nikky]

I think state schools are the best of both worlds. Getting a college education without running yourself into a lifetime of debt. My husband and I both went to state universities and have no regrets, graduating 19 years ago for me and 23 for him undergrad, 19 graduate studies.

 

I will HIGHLY encourage my kids to go to state schools. In fact, the deal we plan on giving our kids is that if they go to a state school (instate) we will pay 100% of their undergrad degree. If they choose to go to a state school for another state (still cheaper than prvate in most cases) or private school anywhere, we will give them what instate tuition and expenses would have been and they can take on their own debt for the difference.

 

My dad gave me this deal and it made my decision to choose the state university really easy! What if they don't get in you ask?? Well there is always community college to pull thieir grades up and then transfer to a state school.