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Not all Bachelors degrees are created equal. Anyone who wants to experience a tough program should enroll at MIT and attempt a degree in chemical engineering. The MIT BS in ChE is extremely valuable, and pretty much guarantees a salary well into six figures until retirement. At the other extreme would be something like a BA in a field ending in "studies" from a fourth-tier local college, which may not convey any advantage at all over a high school diploma. The average difference in ability of these two kinds of students probably approaches six standard deviations, yet both graduate nominally with a Bachelor's degree.
You'd be surprised at how many people graduate with Chemical Engineering, Computer Science etc. degrees from the TOP schools and want absolutely nothing to do with even one day of work in that field.
The fact that it is tough often means it sucks balls. I could use real life examples, but believe me, it is true...
Amazing this thread is still going when the answer is very simple.
Even if someone had told me that I'd be making the same salary without a bachelors degree as with one (which could have been entirely true in my case), I'd still have gotten one.
It's just one of those things in life that'd be eating me up every day of life.
Damn, why did I never get my degree?
Unless I was a Daniel Snyder type billionaire. Then I could probably look past that.
great OP. I am not sure it's 100% one for one, but the depreciation of a college degree is just about equal to that of a new car and a lot more expensive.
Really??
Compare the lifetime earnings of a college grad vs a high school grad....
Compare the probability of getting a job period in this economy for a college grad vs a high school grad...
Compare the current unemployment rate for college grads vs high school grads...
Compare the available high paying professions available to a college grad vs a high school grad...
When you have done all that, get back to us about "depreciation" and the "one for one" ratio....
great OP. I am not sure it's 100% one for one, but the depreciation of a college degree is just about equal to that of a new car and a lot more expensive.
GED is definitely appreciating. You gota be able to read and write to get one. Not so for a high school diploma. Average high school diploma toting welfare recipient in S. CA, on the dole, is reading and doing math at 6th grade level. (CASAS exam now banned , thanks to NAACP and ACLU litigation.) You gota be functioning at 9th grade level to get a job, and that is, even in a good economy. As to the posts on the thread tooting the great value of an advance college degree, they need to look at the concept of supply and demand.
A low cost trade credential is a lot cheaper and, even in a rotten economy, a debt free position and a trade skill, is a better position. Bad TRW's caused by getting behind on a mega huge college debt, is keeping a lota people from getting a job.
GED is definitely appreciating. You gota be able to read and write to get one. Not so for a high school diploma. Average high school diploma toting welfare recipient in S. CA, on the dole, is reading and doing math at 6th grade level. (CASAS exam now banned , thanks to NAACP and ACLU litigation.) You gota be functioning at 9th grade level to get a job, and that is, even in a good economy. As to the posts on the thread tooting the great value of an advance college degree, they need to look at the concept of supply and demand.
A low cost trade credential is a lot cheaper and, even in a rotten economy, a debt free position and a trade skill, is a better position. Bad TRW's caused by getting behind on a mega huge college debt, is keeping a lota people from getting a job.
I love the trade talk like people are just throwing jobs at you if you are a carpenter or mechanic.
Like many on here you exaggerate how much debt the average college student has.
Last edited by Gatornation; 09-13-2011 at 07:45 PM..
I love the trade talk like people are just throwing jobs at you if you are a carpenter or mechanic.
Like many on here you exaggerate how much debt the average college student has.
i personally know people with 180K in non dischargable student loans. They are currently working pte $15 bucks an hour no benefits.
As to exaggerations, did you say they are just guna move in with mom and dad for 1 to 2 years max.and pay off all their student loans???? LOL!!!!
Tell that one to the average perma parent for a good laugh!!!.
i personally know people with 180K in non dischargable student loans. They are currently working pte $15 bucks an hour no benefits.
As to exaggerations, did you say they are just guna move in with mom and dad for 1 to 2 years max.and pay off all their student loans???? LOL!!!!
Tell that one to the average perma parent for a good laugh!!!.
Speaking of exaggerations...
"Last year, graduates who took out loans left college with an average of $24,000 in debt."
"Susan Dynarski, a professor of education and public policy at the University of Michigan, said student debt could generally be seen as a sensible investment in a lifetime of higher earnings. “When you think about what’s good debt and what’s bad debt, student loans fall into the realm of good debt, like mortgages,” Professor Dynarski said. “It’s an investment that pays off over the whole life cycle.”
i personally know people with 180K in non dischargable student loans. They are currently working pte $15 bucks an hour no benefits.
Clearly not the norm, considering I don't know of anyone who carries that kind of student loan debt. Unless maybe you went to law school or medical school - at PRIVATE schools the whole way - and then your potential earnings will soon take care of it. Most people know better than to take out tons of student loans, when you can get a good portion paid through federal grants and/or scholarships (which don't need to be repaid)... Pell Grants, for example, are open to anyone and provide enough for a non-private school. Then, of course, you forget that many of us didn't need aid/loans at all.
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