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I quoted your words that said $100K is common for people to make with an UG degree nationally 5 years out of college. Nationally means average wages across the country. Therefore I quoted averages. You changed your tune midstream in an attempt to make it fit your original text. Are you now saying that you live in a high COL state? Every-so-often, it's o.k. to say you are wrong.
Exactly my point--100K is not an unreasonable expectation in many areas of the country....how far that 100K goes, however, is what matters . Here a married couple or a couple with young children could do ok on 100K, not fancy living but not a dive either. Starter houses that need work start in the $250K range so it's possible to buy a home on that salary.
Nurses here start in the 50-60K range for a BSN in the hospital. After 5-6 years or so, they can expect to be in the 80-90K range. Teachers start in the 45-55K range and with a master's degree plus 5-6 years will be in the 80K range. Other jobs go up from there.
It's hard to imagine if you live in an area where most people make minimum wage or slightly higher that there are many, many parts of this country that pay better wages .
So now you've gone from nationally with your 100k claim to your area after the median wage data showed your claim to be be way off.
The OP is talking about college in Texas which has maybe one higher cost if living area making the national median data very relevant.
I guess this thread has turned into yet another case of taking out of stats what you want out of them. Sadly that is common for people to do, especially on C-D.
Not really buying this. The majority of people who can't pay their loans either didn't graduate or don't have a good income. That money would be better spent on job creation measures.
Comprehensive student loan reform would free up hundreds of millions of dollars currently being used to service debt, to be spent on ailing sectors of the economy, providing a real jump-start to economic growth and prosperity. Such reforms would put the American Dream back in reach for millions of Americans, unleashing a new era of entrepreneurship, investment and innovation for all. The question is not whether we can afford to make such reforms, but whether we can afford not to.
"Let me get this straight: I’m going to work as a journalist, which I’m already doing for very little compensation, but instead, I’m going to pay Columbia $50,000 a year with no promise of work post-graduation? That’s a legit scam. I might add that journalists are lucky these days to even earn $50,000 a year, let alone spend it on a superfluous degree that might make you contacts."
However grad school is different than undergrad, because our society is becoming so degree-focused that almost everyone who's not in skilled trade is recommended to go to undergrad.
I would recommend community college. It'll be affordable, educational and he can still work. When he graduates jobs will admire that he has work experience and a degree, and he won't be brought down with debt. The "traditional college experience" results in a harsh reality for a lot of people when they graduate with debt and no work experience, and have difficulty finding work.
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. Here a married couple or a couple with young children could do ok on 100K, not fancy living but not a dive either. Starter houses that need work start in the $250K range so it's possible to buy a home on that salary.
