Topic: Do you really earn more money because you went to college? - page 12. (Read 13046 times)

You wont be successful if majority took the same route. I say chance like a lotto ticket because its not a guarantee to a job.

But you`ll have to pay $20k thats for sure certain. Keep in mind, that you cant or erase for file a chapter 7 bankcruptcy on student loans, so people planning not to pay back good luck with that.

And by the time you made your money in a white collar job, your not really enjoying esp when your old as hell.

You mind as well take that route though, if you dont have a plan to make some real money. People settle for whatever, some people settle for $30,000 per month its up to the person.

That's not the case. Not everyone has the same intelligence or ambition. Some will be more successful than others given a college education.

Simple answer is no.

Your just taking a chance like everyone else.

Wow, kind of jealous. One or two more bubbles and I may be able to do the same.

Done! Bought a few thousand btc early on, sold at 250 and 1000 and have retired since.
I have a few properties, a healthy bank account and a few old school cold wallets put away for safe keeping!
For all intensive purposes I've retired. I do however maintain 3 rental properties that I own, some people call that work. I call it living!

Viva la Bitcoin and Cloakcoin!

Are you really retired, or just not working for now?

I'm a high school drop out and thanks to crypto I'm retired.

 

This is very true haha

I did not go to college because it takes a lot of money

I think not tap into college can also generate a lot of money, just how we look for smart smart: D

Anecdotal experience is anecdotal.

How does Sweden determine who goes to college and who doesn't?  Can anyone go who wants to, or is it very selective?

In the US, it's a supply and demand problem.  Demand for a college education keeps increasing, and the student loans business and government enable it by approving a lot of loans that perhaps they shouldn't approve.  It seems like a lot of times, more emphasis is placed on getting a college education than on getting a good or worthwhile college education.

I got a friend who went to UCI - and then forced to become a realtor since theres no ones hiring and needs money.

And this is the sad truth. Nowadays college education is so depraved that it means almost nothing. If you have friends and connections you are just fine. They want diploma for basic office work.

If you want to use data in your discussion, access exists to microdata, and the ability to pull custom reports.

As a scientist, I wonder what data exists.  I have found this on the web.

Using table P-16 from the link.

For men aged 25 years and older, the median 2012 income was:



I have seen a table where this is broken down into annual age bins, instead of totals for everyone over age 25.  I have not found that this morning.

I can play a bit with these numbers.  Assume that someone will work from age 25 to age 65, or 40 years.  Assume that they can borrow money at the prime interest rate of 3.25%.

Then play a bit with the numbers.  For illustration only, pretend that using the median income and projecting out for 40 years gives good guidance.

($56,656/yr (bachelors) - $31,064/yr (high school graduate) ) / 12 (month/yr) = $2,132 / month income difference for Bachelor's.

Next, find how much money you can borrow, with a 40 year payoff of $2,132/month and 3.25% interest.  This is how much money you can pay for the degree and come out financially neutral, but still enjoy the other benefits of education, such as better health, higher home ownership, and lower involvement with law enforcement.


I view this analysis as guidance for public policy, e.g., should the government support student loans or even free college education.  This numbers are real data for groups of people, individual results will vary.  A more detailed analysis would take into account unemployment, life expectancy, family size by age, and income tax obligations.

You should go to school if you cant become an entrepreneur.

Its simple as that, cant make cash flow  you need work for someone else.

there are just some situtions when people left the college and even so earnt a lot of money, but the is more successful people who dedicate a lot of years to study. Study hard and you will get the results, the problem is the education system, in USA the college is the more expesive on earth, but why the ''richest'' country on heart cannot do something about it??? just leae the young people without giving the chance to have decent college studies, but in other case Sweden the tuition is free, because they know the valuable recourse on a country are the people and the students.

I am assuming they took out a Bank loan.  If you take out a FAFSA loan and purchase a car with it, I can't imagine that would end well for you seeing as it is 100% illegal in the USA. 

That is likely true.


True for some fields, but necessary for others.  Although I'm also biased because I got my degrees over a decade ago when prices were a lot cheaper.  I was able to get a BS for around $40k for everything, including books and R&B.

What are you talking about, I seen people who pull out the loan stating they go to school, but end up buying a car.

It is slightly cheaper if you go to a state college in your state, but you will still rack up easily 50k in just tuition, and then top that with books, room and food  you probably will hit 75k....

School is a sick sick idea of buying a piece of paper for a lot of money, then getting a job with that piece of paper so you can pay off the loans in which you took to acquire that piece of paper...stupid cycle!