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(ABC 27)   Is a college degree really still worth it? Yes, yes it is   (abc27.com ) divider line
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6072 clicks; posted to Main » on 24 Jun 2014 at 3:29 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-06-24 12:29:44 PM  
I'm guessing subby's degree wasn't in English.
 
2014-06-24 12:39:15 PM  
This thread AGAIN? Get ready for 300 personal anecdotes about something. College may be mentioned.
 
2014-06-24 01:47:54 PM  

cryinoutloud: This thread AGAIN? Get ready for 300 personal anecdotes about something. College may be mentioned.


Just consider the following

1. Not everyone wants to be an engineer
2. Dilbert isn't funny
 
2014-06-24 03:29:25 PM  
Like all answers to everything in life, "it depends."
 
2014-06-24 03:30:34 PM  
Well dammit.  I was hoping to skate by one more year without finishing.
 
2014-06-24 03:32:05 PM  
Oh good, it's this thread again.
 
2014-06-24 03:32:17 PM  
So long as you don't spend your 18th birthday collecting loans like they're god damned pokemon, and pace your debt, then yes.
 
2014-06-24 03:32:30 PM  
I have 2 small kids who I started a 529 for.

This chart almost gave me a heart attack

www.pa529.com
 
2014-06-24 03:32:59 PM  

cryinoutloud: This thread AGAIN? Get ready for 300 personal anecdotes about something. College may be mentioned.


Might as well bring up wisdom teeth as well. Here come the stories.
 
2014-06-24 03:34:05 PM  
Considering they're demanding a 4 year degree for a farking receptionist, I don't think you have a choice anymore.
 
2014-06-24 03:34:40 PM  

mcsiegs: I have 2 small kids who I started a 529 for.

This chart almost gave me a heart attack

[www.pa529.com image 498x324]


If my kids want to go into trades, they will not get any resistance from me.

/college prof
 
2014-06-24 03:35:12 PM  
I have a college degree so I'm really getting a kick out of these comments.

/yes I work in an industry related to my degree
//yes I will be paying for it for a long time
 
2014-06-24 03:35:13 PM  
FTA: "The New York Fed report said that between 1970 and 2013, those with a four-year bachelor's degree earned an average of about $64,500 per year, while those with a two-year associate's degree earned about $50,000 per year and those with only a high school diploma earned $41,000 per year. "

Great, people graduating in the 70s, 80s, and 90s, made a bunch of money with their college degrees.  How does that relate to the future earnings of our current graduates?  Past performance etc etc.
 
2014-06-24 03:35:50 PM  

Aar1012: 1. Not everyone wants to be an engineer


Even that isn't as financially astounding as people pretend it is. I graduated two years ago from a good college with a Civil Engineering degree and I'm still only making $40K/year. If I play my cards right (read "get lucky and meet the right people"), I may be able to make $80K once I'm licensed. Which is what was promised as starting pay by college counselors and talking heads on the internet.

I'm seriously considering a move towards the petroleum industry. That's the only way you're going to see the numbers that people talk about.
 
2014-06-24 03:36:36 PM  
Let's go ahead and sum up the thread:

Yes, it is but it's not for everyone. Consider all higher education options, including trade schools. Do you have any idea how much a plumber makes?

/Went to college, sometimes wonders if learning a trade might not of been better.
 
2014-06-24 03:36:39 PM  
Depends. Are we talking about me, then no, they weren't worth it. At least, I have yet to experience the benefits of having those degrees.
In general, probably, since most jobs unfortunately require higher education.
 
2014-06-24 03:37:23 PM  
college degree = playing the odds. Its as simple as that. College degree gives you better odds of making a decent living wage. It isn't the only way to get there but in this day and age it is the smart play for most people.

Parents and teachers for the most part never extoll the virtues of a blue collar trade job. They basically tell kids who "want to become something" that they need to go to college.

I went to college. I played the odds and it has worked out pretty well for me. I probably could have skipped it considering what I do now vs. the degree but i'm sure having the piece of paper made getting the interview easier than not having it. And that pretty much sums up the college degree for most people. It is a requirement on most office job applications, so better to have it than not

If I had to do it all over knowing what I know etc I think I would have done an apprenticeship / trade.
 
2014-06-24 03:37:35 PM  
The issue isn't if a college degree is worth it or not.  The issue is that so many professions that didn't require a college degree 20 or 30 years ago require one today.

The United States really needs a better vocational school option.  A secretary shouldn't need an associates degree.  They need skills on how to properly organize and schedule an office as well as proper inter-personal skills.  You don't learn that in Chem 101.
 
2014-06-24 03:38:28 PM  
One of many, many scams. I can't see how colleges will be around much longer though. The internet is pretty much a silver bullet for that beast. Good riddance.
 
2014-06-24 03:38:29 PM  

YodaBlues: Do you have any idea how much a plumber makes?


Still - who wants the emergency "Hey, my wife's 10 years of flushed tampons have finally caught up with us" call....or the "Hey, there is 2 feet of sh*t in my basement" call.
 
2014-06-24 03:39:05 PM  

UltimaCS: Aar1012: 1. Not everyone wants to be an engineer

Even that isn't as financially astounding as people pretend it is. I graduated two years ago from a good college with a Civil Engineering degree and I'm still only making $40K/year. If I play my cards right (read "get lucky and meet the right people"), I may be able to make $80K once I'm licensed. Which is what was promised as starting pay by college counselors and talking heads on the internet.

I'm seriously considering a move towards the petroleum industry. That's the only way you're going to see the numbers that people talk about.


Pretty much this. Civil Engineers are seriously undervalued right now; Structural as well. Not that I make "low" amounts considering my education, but $70k for a field moving towards Master's degrees as standard is absurd.
 
2014-06-24 03:40:41 PM  

hitlersbrain: I can't see how colleges will be around much longer though.


Wut
 
2014-06-24 03:42:01 PM  
No personal anecdotes.. College is not necessary for many jobs and it was never meant to be high school II or glorified vocational training wearing academic regalia. But this is what it has become in too many ways. Yes, college educated people will ear more over their lifetimes than those who do not attend. However this has more to do with the types of jobs college educated people seek and can get than anything derived from having attended college. College has become a money-making scam. More people enroll in colleges today than at any other time, yet the graduation rate has not changed significantly in decades. Those who don't finish their degrees still must repay their loans. The schools make money, the banks that loan the money are guaranteed lucrative future earnings, and the students get screwed.
 
2014-06-24 03:43:19 PM  
FTA: "The study, by economists Jaison R. Abel and Richard Deitz, also found that a degree is still a good investment for college grads whose jobs don't require college."

A degree gets you options. Choices are good things. Haul the bags of cement, or design the building. Install a new sewer pipe, or create a new branch for the system. Change the tires on a 747 passenger jet, of fly it.

Choices.
 
2014-06-24 03:43:46 PM  

mcsiegs: YodaBlues: Do you have any idea how much a plumber makes?

Still - who wants the emergency "Hey, my wife's 10 years of flushed tampons have finally caught up with us" call....or the "Hey, there is 2 feet of sh*t in my basement" call.


Anyone who knows that having a client in an emergency = BIG $$$$$.

There is a reason the plumbers used to fight over first ad in the yellow pages. ONE of those late night emergencies will pay for their advertising for the year, maybe more
 
2014-06-24 03:43:47 PM  
I wonder if these studies would be as positive if they tossed out people with higher degrees (doctors, lawyers, etc).  I think that $1.2 million dollar figure has more to do with your second degree in most cases than your bachelors.

Also, the article isn't totally clear, but it looks like that number comes from comparing average income.  I wonder how the comparison would change if they accounted for time spent un- or partially employed, like the girl at the end of the article.

\have a college degree and doctorate
\\ believe in the value of education
\\\  still feel that articles like this are engineered to generate more tuition money
 
2014-06-24 03:45:02 PM  

mcsiegs: I have 2 small kids who I started a 529 for.

This chart almost gave me a heart attack

[www.pa529.com image 498x324]


I don't think college price increases will be sustainable.

stevedenning.typepad.com
 
2014-06-24 03:45:18 PM  
Aar1012:
2. Dilbert isn't funny

I never quite so insulted when the commencment speaker for my computer science graduation said "we need people like you so that someone gets Dilbert" or something to that effect.  This guy thought that that was a resounding message to me, I felt this sense of shame and insult that's hard to put into words.
 
2014-06-24 03:45:25 PM  

YodaBlues


/Went to college, sometimes wonders if learning a trade might not of been better.


Maybe you can get a refund.
 
2014-06-24 03:45:31 PM  

rewind2846: FTA: "The study, by economists Jaison R. Abel and Richard Deitz, also found that a degree is still a good investment for college grads whose jobs don't require college."

A degree gets you options. Choices are good things. Haul the bags of cement, or design the building. Install a new sewer pipe, or create a new branch for the system. Change the tires on a 747 passenger jet, or fly it.

Choices.


/like choosing whether to fix your typos
 
2014-06-24 03:45:49 PM  
No CSB yet?

I pay more in taxes now than what I used to earn before I had a college degree. So, there is that.

And Yes, Dilbert is funny if you are an engineer who is having problem with personal life and your job sucks.
 
2014-06-24 03:46:18 PM  

mcsiegs: YodaBlues: Do you have any idea how much a plumber makes?

Still - who wants the emergency "Hey, my wife's 10 years of flushed tampons have finally caught up with us" call....or the "Hey, there is 2 feet of sh*t in my basement" call.


Do you have any idea how much a plumber makes when you use the word emergency?

/A lot.
 
2014-06-24 03:46:30 PM  

hitlersbrain: One of many, many scams. I can't see how colleges will be around much longer though. The internet is pretty much a silver bullet for that beast. Good riddance.


I disagree.  Too many people continue to use level of education as a primary factor when hiring, especially in more traditional companies.  I see it only getting worse before it gets better.

If you're smart, well studied in your field and you don't have a college degree, you're often going to be stuck with start-ups or other non-traditional companies or roles.
 
2014-06-24 03:47:03 PM  
College is expensive. But I saved tens of thousands in debt by doing my AA at the local Community College. Not as fun as real college, but my debt load is basically a bar tab compared to a lot of my peers.
 
2014-06-24 03:47:17 PM  

Englebert Slaptyback: YodaBlues

/Went to college, sometimes wonders if learning a trade might not of been better.


Maybe you can get a refund.


Meh, I'm a programmer, I'll let the compiler catch speeling errors.
 
2014-06-24 03:47:25 PM  

Trocadero: Considering they're demanding a 4 year degree for a farking receptionist, I don't think you have a choice anymore.


Yeah.
Came to say this; getting a degree might or might not be worth it.
But not having it is worse.
 
2014-06-24 03:48:04 PM  
Can complicated questions be answered in "yes/no" format?

No, no they can't.
 
2014-06-24 03:48:26 PM  

Aar1012: cryinoutloud: This thread AGAIN? Get ready for 300 personal anecdotes about something. College may be mentioned.

Just consider the following

1. Not everyone wants to be an engineer
2. Dilbert isn't funny


1. I did, and was one for 16 years. Downsizing lead me to change careers and now I work for a large financial company. Happy.

2. Dilbert unfortunately, is a documentary.
 
2014-06-24 03:50:34 PM  

YodaBlues: mcsiegs: YodaBlues: Do you have any idea how much a plumber makes?

Still - who wants the emergency "Hey, my wife's 10 years of flushed tampons have finally caught up with us" call....or the "Hey, there is 2 feet of sh*t in my basement" call.

Do you have any idea how much a plumber makes when you use the word emergency?

/A lot.


I didn't ask "Who wants the money associated with the call?"...I just asked "Who wants the call?"

I mean, I guess they do for the money, but I'd be happier working for half a plumber's wage if I didn't have to swim in sh*t instead of a pool on a Friday night.
 
2014-06-24 03:50:41 PM  
Yes! It is worth it! How else would I have trained myself to become instantly nauseous at the thought of Jaegermeister? Or to meet a near impossible deadline through  the art of B.S.? Or how to make a meal out of saltines and ranch dressing while you waited for your pay check to come in. Or how to get through a lecture drunk without tipping off your TA?? Stay in school!!!

And let's not forget all of the movie and dry cleaning discounts you can get for years after graduation just by flashing your college ID!!
 
2014-06-24 03:51:38 PM  

Aar1012: 1. Not everyone wants to be an engineer


Sure, nor should they. That said, be realistic about your abilities and try to pick a program that has potential for long-term demand and that isn't cranking out 300% more grads per year than are needed. Put another way, if you want to get a degree in music, chances are you're going to have poorer employment prospects than the guy who graduated from engineering.

Son of Thunder: If my kids want to go into trades, they will not get any resistance from me.


This. Most trades now require community college and this trend will only continue. Many trades have become so highly technical that their college programs are just as academically vigorous as degree granting programs.
 
2014-06-24 03:52:16 PM  
As long as you learned more than how to take a standardized test in high school, don't get caught in the college loan sinkhole and get a marketable degree, you will probably be better off.
 
2014-06-24 03:52:49 PM  
Was this study performed by academics?

The only thing keeping the education bubble alive is our ridiculous student loan system.
 
2014-06-24 03:52:50 PM  

Son of Thunder: If my kids want to go into trades, they will not get any resistance from me.


What if they want to be an electrician?

GET IT?  GET IT?

//meh
 
2014-06-24 03:53:09 PM  
upload.wikimedia.org
 
2014-06-24 03:53:33 PM  
Student debt bubble:

The minute you're allowed to discharge the loans via bankruptcy per a regular sort of loan, the market will crash.

The only reason I can figure on why they're not allowing it, is so the bubble can grow money in the pockets of the mighty who are currently trading in them.

Once the bubble pops, one of two things will happen:

a. College tuition prices hit the floor- hopefully, because the allowance of bankruptcy means that fewer government loans will be granted and state colleges/universities will get the funding they were supposed to get in the first place to keep costs down, and stop acting like private for profit colleges they're competing with.

b. College tuition prices will skyrocket, because people in power are stupid.
 
2014-06-24 03:55:14 PM  

UltimaCS: Aar1012: 1. Not everyone wants to be an engineer

Even that isn't as financially astounding as people pretend it is. I graduated two years ago from a good college with a Civil Engineering degree and I'm still only making $40K/year. If I play my cards right (read "get lucky and meet the right people"), I may be able to make $80K once I'm licensed. Which is what was promised as starting pay by college counselors and talking heads on the internet.

I'm seriously considering a move towards the petroleum industry. That's the only way you're going to see the numbers that people talk about.


Whippersnappers straight out of college with engineering degrees (electrical, mechanical, chemical, petroleum) start off at about $100,000 per year. Companies can't fill the positions because not enough people are getting engineering degrees anymore. Google the major oil producers and look at all the open positions for engineers all over the world.
 
2014-06-24 03:55:16 PM  
I'm pretty sure I could have never gotten a degree and no one would know.  I don't think anyone ever checked, and at this point in my career it's irrelevant.

/philosophy major
//gainfully employed
 
2014-06-24 03:56:41 PM  
Meh.  I'll get a degree when I retire.
 
2014-06-24 03:57:02 PM  
Anyone who doesn't take as many classes at a community college before transferring to a 4-year University in America today is an idiot.  That step alone cut $20k off my degree and my diploma has a big name school on it.

You can drink and party at friends' houses folks.
 
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