At what point does college seem too expensive?
While it may be debatable whether college broadens the mind or leads to higher paying jobs is one thing, we can all agree that there's a price at which college is too high. In a way, it's like guitars in that there's a certain point where extra money spent won't give you a better guitar and simply not worth it.
When I started decades ago it was free, and it was funny that we complained that we had to pay for books but the prior generation got them for free. I dropped out and did music, like I assume some of you have, but when I returned it was from $100-$250 dollars a unit so a year of tuition was at least $2,400 and double or triple that for private universities. While I didn't find it easy to swallow, I went on all the way to finish but acquire some debt but "eventually" it would pay for itself.
My pre-college job paid $11.50 per hour and my post college jobs were $7-$9.30 an hour in next few years from retail in my small town to civil service. I did find some $12-$18 dollar an hour jobs later on so at that pace it still took some time to catch up with what I gave up in lost wages/salary. After it's all said and done, it was like many grads 20 and 30 years ago said as being a way to enrich your life where as the immediate group after world war II enjoyed massive economic growth and a near guarantee at success with college.
Now in 2013 with school being ten to twenty times what I experienced at my all time high tuition hikes, I can't see where college can pay for itself outside of maybe becoming a chemical engineer and joining the oil industry, dentist, or MD. As for lawyers and MBAs, I know many more not working or severely underemployed. And other majors ... are you kidding?
Thoughts?
While it may be debatable whether college broadens the mind or leads to higher paying jobs is one thing, we can all agree that there's a price at which college is too high. In a way, it's like guitars in that there's a certain point where extra money spent won't give you a better guitar and simply not worth it.
When I started decades ago it was free, and it was funny that we complained that we had to pay for books but the prior generation got them for free. I dropped out and did music, like I assume some of you have, but when I returned it was from $100-$250 dollars a unit so a year of tuition was at least $2,400 and double or triple that for private universities. While I didn't find it easy to swallow, I went on all the way to finish but acquire some debt but "eventually" it would pay for itself.
My pre-college job paid $11.50 per hour and my post college jobs were $7-$9.30 an hour in next few years from retail in my small town to civil service. I did find some $12-$18 dollar an hour jobs later on so at that pace it still took some time to catch up with what I gave up in lost wages/salary. After it's all said and done, it was like many grads 20 and 30 years ago said as being a way to enrich your life where as the immediate group after world war II enjoyed massive economic growth and a near guarantee at success with college.
Now in 2013 with school being ten to twenty times what I experienced at my all time high tuition hikes, I can't see where college can pay for itself outside of maybe becoming a chemical engineer and joining the oil industry, dentist, or MD. As for lawyers and MBAs, I know many more not working or severely underemployed. And other majors ... are you kidding?
Thoughts?