Quote:
Originally Posted by redpoint5
This was the first book I had read that hinted at the diminishing value of a college education. It has the triple-impact of not only costing a fortune and taking up time that could have been used earning money/advancing career, but the interest on the debt sets a person back financially, well into the future. It's no wonder college is a poor investment for many people.
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As we've said before, the value of a college education depends on what you major in. (Not uncommon to see major Silicon Valley companies - IBM, Google, &c paying around $70/year equivalent for an internship.) Just about any type of engineering will get you a more than decent income; Creative Basketweaving, not so much :-)
The student loan thing depends, too. Go to some expensive out-of-state school, major in something that isn't in high demand (e.g. anything where unpaid internships are the norm), and live a middle-class lifestyle on your loans... Well, you'll be stuck with a big debt and no realistic way to pay it off. Go to you local state U, live as cheaply as possible, and work as much as you can, and you'll have those loans paid off in a few years.
As for it taking up time otherwise used for earning money, just how much does that idiot think people make flipping burgers, doing field work, being a motel maid, or any of the other unskilled jobs that are open to people without connections?