The point the original person who responded to you was that going to college and majoring in something that ended up costing the graduate 100's of thousands in debt, only to land a job where they can barely make a dent, is pointless.
You sort of proved his point.
Someone who racked up 150k in school debt is going to have a very difficult time paying back that loan with only a 52k a year salary. Sure they may get some added benefits, but it will still not be enough. Assuming they work for you for most of their natural life, sure, it is possible.
But take that into consideration when that same person could have studied and earned a certification in IT and get hired making around the same or double depending on the type of job, with ZERO debt.
College is good for careers that need certain skills and training as the previous person mentioned, such as being a doctor or a lawyer, etc. But for your everyday person, a college degree is just as good as what a highschool diploma was decades ago.
I reject the premise that most English majors are racking up $160k in debt. It certainly happens, but not if you go to a state run school, not if you do your first two years at a. community college. Even with private schools, people seldom pay the full sticker price. If you are low income there is a lot of aid. Even top tier colleges like Harvard limit tuition, room and board to no more than 10% of income. So if your parents make $75,000- it costs you $7,500 to attend, not the $80,000 sticker price. Granted, Harvard is among the most generous- but all private schools do a decent job with financial aid.
I agree with your last point. A college degree is the equivalent of a HS diploma back in the day. Employers want to see that potential employees have the gumption and discipline to earn, achieve and learn. And if they are no proven, adept learners most employers aren't interested. With the proliferation of technology- the workforce needs to be increasingly able to adapt to and implement technological advancements and apply it in the workplace. If you are not literate or unwilling or unable to learn and adapt- then you will struggle in the workforce.
You're dead wrong, and that is a horrible example. Harvard has the largest endowment of any school, $40bn, and it's more than 30% larger than the 2nd largest (Yale at $30bn). No one is paying $7,500 to go anywhere but a community college you boob.
I graduated from university a decade ago, paid half out of pocket, got the other half on scholarship. Cost of the school, without room & board, was about $88k at the time, so about $100k after paying for rent and food and a little bit of entertainment money.
Most of my classmates (who did not study engineering, law, or medicine) are still paying. And working as servers at restaurants or walking dogs - not even kidding. The ones doing a little better might teach yoga or do personal training or day care They did not need to drop 6 figures on a degree to do those things.
I worked all through HS and college. Studied engineering, am damn good at it, made $330k last year. College was a great deal for me, and would have been even at $250k. It was not a good deal for my peers who now walk dogs and serve up french fries.
It's not a good deal if you make fucking $52k dude.
Second, congratulations on your success and making $330k last year. I'm guessing that you didn't start at $330,000. Nor do I believe that your results are typical for an engineer ten years out of university. Our new employees don't make $52,000 a decade after initial employment either. They do much better too.
The point the original person who responded to you was that going to college and majoring in something that ended up costing the graduate 100's of thousands in debt, only to land a job where they can barely make a dent, is pointless.
You sort of proved his point.
Someone who racked up 150k in school debt is going to have a very difficult time paying back that loan with only a 52k a year salary. Sure they may get some added benefits, but it will still not be enough. Assuming they work for you for most of their natural life, sure, it is possible.
But take that into consideration when that same person could have studied and earned a certification in IT and get hired making around the same or double depending on the type of job, with ZERO debt.
College is good for careers that need certain skills and training as the previous person mentioned, such as being a doctor or a lawyer, etc. But for your everyday person, a college degree is just as good as what a highschool diploma was decades ago.
I reject the premise that most English majors are racking up $160k in debt. It certainly happens, but not if you go to a state run school, not if you do your first two years at a. community college. Even with private schools, people seldom pay the full sticker price. If you are low income there is a lot of aid. Even top tier colleges like Harvard limit tuition, room and board to no more than 10% of income. So if your parents make $75,000- it costs you $7,500 to attend, not the $80,000 sticker price. Granted, Harvard is among the most generous- but all private schools do a decent job with financial aid.
I agree with your last point. A college degree is the equivalent of a HS diploma back in the day. Employers want to see that potential employees have the gumption and discipline to earn, achieve and learn. And if they are no proven, adept learners most employers aren't interested. With the proliferation of technology- the workforce needs to be increasingly able to adapt to and implement technological advancements and apply it in the workplace. If you are not literate or unwilling or unable to learn and adapt- then you will struggle in the workforce.
You're dead wrong, and that is a horrible example. Harvard has the largest endowment of any school, $40bn, and it's more than 30% larger than the 2nd largest (Yale at $30bn). No one is paying $7,500 to go anywhere but a community college you boob.
I graduated from university a decade ago, paid half out of pocket, got the other half on scholarship. Cost of the school, without room & board, was about $88k at the time, so about $100k after paying for rent and food and a little bit of entertainment money.
Most of my classmates (who did not study engineering, law, or medicine) are still paying. And working as servers at restaurants or walking dogs - not even kidding. The ones doing a little better might teach yoga or do personal training or day care They did not need to drop 6 figures on a degree to do those things.
I worked all through HS and college. Studied engineering, am damn good at it, made $330k last year. College was a great deal for me, and would have been even at $250k. It was not a good deal for my peers who now walk dogs and serve up french fries.
It's not a good deal if you make fucking $52k dude.
First off, you are wrong about Harvard's cost of attendance:
https://nonprofitquarterly.org/harvard-initiative-to-attract-low-income-students-includes-free-tuition/
Second, congratulations on your success and making $330k last year. I'm guessing that you didn't start at $330,000. Nor do I believe that your results are typical for an engineer ten years out of university. Our new employees don't make $52,000 a decade after initial employment either. They do much better too.