A 2002 study showed that of students who had enrolled in four-year colleges, only 63 percent had received a degree six years (no, not four years) later. That means there's a significant possibility that your child -- yes, your child -- will drop out before he graduates. (Zac Bissonnette)
Approximately 60 percent of those undergraduates who do get their degree leave school with debt, and the average amount for the 2006-2007 graduating class was $22,700. Debt will likely be higher for the next graduating class as college costs continue to grow and college savings accounts continue to be rocked by the economy. (Zac Bissonnette)
What that means is choosing a school based on a specific program is not necessarily a great idea, since there's a good chance that a pre-law high school student will have his interest piqued by an art history class and change majors. (Zac Bissonnette)
In 2006, the school spent $11.2 million renovating a single dining hall, at a cost of $14,000 per seat. The result is a space that is aesthetically pleasing, but the meal-plan costs make me wonder if it would be cheaper to eat three meals a day at Starbucks, Wendy's, and Chili's. Students, and parents, need to send a message to colleges that they are more than willing to walk on Pergo and eat off Formica if it means they can graduate without debt and own their own homes when they're older -- complete with hardwood and granite. (Zac Bissonnette)
An ambitious student can get a good education at any number of colleges, and a lousy one can get a lousy education at even the best colleges. (Matthew Yglesias)
This new chart from the Bureau of Labor Statistics helps clear it up by showing that essentially both narratives are correct — inflation-adjusted incomes for college grads have fallen, but the gap between college grads' income and everyone else's is bigger than ever. (Matthew Yglesias)
In other words, people who say more education is the fix for what's been ailing the economy are wrong — things have been getting worse for even the best-educated workers. But as an individual, you are still much better off with a BA than without one, and the gap actually seems to be growing. (Matthew Yglesias)
If you go to college, you are given a WAY better chance of getting a job than the person next to you who didn’t
If you’re one of those people who is concerned about not having a job after you leave college, there are always maritime colleges that hook you up with a job after you get out… or the army.
Go for whatever you think is going to be best for you, even if you have the highest paying job in the world you still may not be content.
The good news for young college graduates is that regardless of their major, they have a much better chance of finding work than their peers who didn't go to college. Nearly 18 percent of young workers with only a high school diploma were unemployed. (Max Ehrenfreund)
Recent college graduates are even doing better than experienced workers who only have a diploma, 9.9 percent of whom were out of work. (Max Ehrenfreund)
The Pay gap is getting smaller and smaller, loans are able to be paid off more easily.
In my opinion, going to college is always going to be a good idea. In any case, there is always going to be chance that you have debt. College is going to cost money, but that money is going to give you the chance to get a high paying job as opposed to the person next to you who didn’t go to college. You could be an absolute Einstein, but what jobs are going to look for is that college degree.
Financially, it would be smarter to just go to a state school, they typically have higher acceptance rates anyways. It even said in many of these articles that people who went to expensive, Ivy League schools aren’t even the top of many companies. Yeah the title would be cool, but someone who went to Bridgewater state as opposed to Harvard would have a WAY happier wallet.
In life, I think that going to college is a smart idea because everyone needs to leave their parents house at one point in there life. Children need the freedom and responsibility of being on their own at school and not having their mothers and fathers as their alarm clocks in the morning.
So... all in all, in my opinion, the tassle really really is worth the hassle.