Data Shows that a College “Investment” a Real Gamble
Reefs did an economic study on the actual monetary payoff of a college investment. Their analysis (which includes data from the US census bureau) shows that college is a financial mistake for more than half of the American young people today. (See their article) I realize that I am going against the grain by stating that college is for suckers. I also point out that college makes sense for SOME people. But MOST people don’t take the time to consider their reasons for going to college or their actual college ROI including their student loan debt. The people at Robertson Education Empowerment Foundation actually did the math for you! Why rely on conventional wisdom when deciding to invest thousands of dollars and years of mounting debt on college?
November 22, 2007
Posted in: College Salaries Over-rated
One Response
What’s interesting is that some of the better degrees: engineering, etc. are starting off at average pay. 50k? If you’re lucky, some students might hit a 60k starting job. Of course, these careers turn into 5-7 year stints to try and get 80-100k.
If you figure the cost of college today, it’s almost a break-even bet at BEST!!
I cannot imagine starting off making 20-30k after spending twice that on student loans.
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