Does College Really Pay? | education reference answers

A book by economist Laurence J. Kotlikoff and columnist Scott Burns challenges the notion that a college degree equals a higher-paying job.

@centurion180ad lol its you again

@DontGoToCollege Your absolutely right anymore college is the greatest scam ever concieved just like the propaganda the Nazis used on the German people back in the day

If college is supposed to make you all this future income that these over-educated fools who are pushing people to go to college claim that it does then why are there more and more college graduates either unemployed or making minimum wage whereas the ones who went to tech./ vocational school are now making bank? Nowadays, you?d have better luck playing a slot machine!
Think about it?with more college graduates every year this issue will only increase exponentially in the years to come!

collage is a joke!

you seem pretty out of breath man, maybe you should take it easy on the college kids

The claim that university grads may earn more than HS grads is asinine. A university grad is 4-6 years older, and is more mature. Never mind up to their eyeballs in debt.

BTW the unemployed all over earn the same, ZERO. Better to not be in debt from university if the fucking BANKERS are turning your country into a postindustrial wasteland.

@DontGoToCollege Dude you made my day!!! i?ve been telling people this for years!!!

hey you guys who think that a degree is worth something are in luck I got a bachelors in bus admin that I am willing to sell for 20k! This is half price, you cant go wrong and Ill throw in the books as an extra incentive to buy now, operators are standing by!

WHat a joke.. My interest rate is 6% from Department of Education stafford loans. It?s peanuts.. The only thing that pulled my parents out of complete poverty was college.. We grew up standing in line at soup kitchens until my parents went back to school. College doesn?t gaurantee you a job, if they did they would be called an employment agency. Even simpletons should understand this concept..

my sister got an mba from rice, 75k a semester, 4x semesters? she makes 230 large first year out, shes 28

LoL, this is bogus. I had 17K in debt after I got out of college and paid it back in 3 years. Stop whining

@MarcFuentos

I live in a large metropolitan area surrounded by colleges. The Cheapest university is around 8,500 per year in tuition. That doesn?t include books and other usage fees for the college. Even if you can live with your parents for 4 years, you are looking at 40K in tuition. If you have to live on campus, probably 65-70K for 4 years. This is at your cheapest option. These amounts are just what you borrow, with interest on the loans those amounts could easily double or triple.

Rebecca?s problem is that she wants to go to a overpriced/overrated greedy private university instead of a public one. Average tuition at a public university is around $4,000 a year, not $40,000.

There?s also the option of going to a community college for the first two years of undergraduate work, and then transferring to a 4-year university for the remaining two years. This option is even cheaper.

@MarcFuentos I agree. Many people actually will go to college because of the reputation. Usually, private schools, specialist schools, and ivy league schools make the tuition almost impossible to be a worthwhile investment. DontGoToCollege needs to add a disclaimer that the case study is extreme (Although doing a great service warning us young people)

I am a college student. I am getting a degree because my dream job requires it. I agree that college is an investment and is not for everyone.

What is worse is that many companies refuse to higher college graduates because the grads need or assume a higher income.

What I learned is my computer science ass and knowledge is at mercy to the government because of the federal loans I take out.

Sallie Mae is every university?s favorite student??

@911nomad

Are you serious? You should be earning more..

@DontGoToCollege
I do have a couple subsidized Stafford Student Loans that I?m going to pay off faster than most people would after college. It only amounts to $5,500 in loans that are not accruing interest as long as I?m in school, and it will pay for itself once I start making more than $40,000 a year (it?s cheap to live in Utah).

@mwhaha1000
That?s too bad. That?s why I am not going out of state. Are you majoring in engineering or education there? I can?t think of any other reason to go to Utah State as a non-Utahn.

@MarcFuentos
i applied there next year and there charging me 32,000 because im out of state

I have a Master?s Degree in Social Work and I only make 32,000 a year. I could have made that with no college degree.

The whole problem with college education is that real world skills are often not obtained in college. And then there?s the tuition fees. Would the problem be solved if these 2 issues are being addressed? University is undeniably a good place to make mistakes before you make them in the real world. The network you form in school carries into the working world, eventually becoming business contacts.

@MarcFuentos
I hope you don?t get into student loan debt.
Thanks for your comment.

That case study is awfully extreme. Most college aren?t that expensive. They only charge over $4,500 per year for tuition at Utah State University where I attend. This is a worthwhile investment for me, especially since I get pell grants.

I agree with DontGo ToCollege.

There are way too many useless degrees out there. Or there are too many professionals in one field. Like forensics. How many forensic scientists do you think we actually need? Degrees like marketing and plain business administration also fall into this category.

One thing people forget is the quality of instruction is not the same. There are teachers who don?t effectively teach that pass students with A?s.

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