College Tuition Costs - Generation X vs. Generation Y
March 20, 2007
I was talking to Jeremie over at eFIPO the other day about the cost of college tuition. While I’m looking down the road at a big college bill for my son someday, Jeremie is just finishing up his college career.
The conversation inspired me to write an apology letter to my son and Jeremie to talk about the value of a college education. Here are some of the things he has to say:
Why go to college? …… It’s not what you know, but who you know.
College ain’t cheap …… It pays to go to school.
What can you do to receive a good education and not drown in student loan debt? …..
Find out his advice in Education Done Right.
Related Articles
Hey, you’re right. There’s a serious problem with college tuition and student loan debt. Some people even think college is not worth the trouble or money. There’s actually an interesting conversation going on about it here:
http://www.gradgab.com/showthread.php?t=17
David makes an excellent point. I spent ~$70K to go to a private Univeristy and I came out the door with a $50K a year job and a huge debt.
Is it worth it? I did the math and in most circumstances, it is worth it. However, I’ve met several people my age (23) who worked full-time when I was in school and are now making close to $50K, too. When talking to them, it’s hard to justify my college experience.
I can’t imagine my classmates who majored in English and get paid pennies and have a ~$70K student loan to boot.
Those student loans and college tuition fees will definitely drown you. Even if you do part time work, it would still cause you to pay the debt. Sometime it’s better not to go to college if you’ll just end up working jobs that doesn’t need college graduates.
I agree. Sometimes it’s better if people who are intellectually challenged don’t go to college. It’s a serious decision to go to college. This kind of decision must be well thought out for it will be the student who will suffer, especially the student loan.
College is insanely expensive but statistics show that salaries are much higher for people with college degrees. College may not be for everyone but in some industries it can definitely increase your earning ability. These extra earnings can really add up over the course of a career.