re: The argument that the US college system is largely a scam

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2.29 million starting with 2500 monthly pay ($30k annual) for 40 years with annual 3% raise, no college. 

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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:

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93 million with 4166 monthly pay ($50k annual) for 34 years, with 6 years of college. 

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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.