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re: The argument that the US college system is largely a scam
Posted on 10/26/18 at 8:40 pm to weagle99
Posted on 10/26/18 at 8:40 pm to weagle99
Lifetime earnings.
2.29 million starting with 2500 monthly pay ($30k annual) for 40 years with annual 3% raise, no college.
2.93 million with 4166 monthly pay ($50k annual) for 34 years, with 6 years of college.
About a $70k difference over an entire working lifetime.
But that degree cost more than $70k. So you actually lose. But at least you get to work at a desk, I guess.
2.29 million starting with 2500 monthly pay ($30k annual) for 40 years with annual 3% raise, no college.
2.93 million with 4166 monthly pay ($50k annual) for 34 years, with 6 years of college.
About a $70k difference over an entire working lifetime.
But that degree cost more than $70k. So you actually lose. But at least you get to work at a desk, I guess.
2
Posted on 10/26/18 at 8:51 pm to deeprig9
quote:
2.29 million starting with 2500 monthly pay ($30k annual) for 40 years with annual 3% raise, no college.
I'm guessing these are national averages. The truth is that this is the most ideal situation for a no college person. Many people end up relative minimum wage.
quote:
93 million with 4166 monthly pay ($50k annual) for 34 years, with 6 years of college.
This is typical. Although some professionals like teachers actually are paid at the level of no degree (which really puts their debt into focus).
And as others have stated, it is VERY possible to keep loan amounts lower than that with community college and only taking out what you need.
This post was edited on 10/26/18 at 9:10 pm
Posted on 10/26/18 at 11:16 pm to deeprig9
quote:
About a $70k difference over an entire working lifetime
Wut? $2.93- 2.29 mil is not $70k, it’s $700k.
The biggest lie is you go to college to get a job. Not the case anymore. You go to college to get a college degree. That degree is not always worth anything monetarily.
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