Are you baws ok with government aid for schools?

Hell yeah brother, let's end college. We can divert the funds to the wall

Your son don’t need to worry about college baw. Just get him some more marbles

quote:

---

who did ok in high school can get an art history or petroleum engineering degree.

---

What's with this, second post I've seen on the OT today with some minimalizing of petroleum engineering. I would agree that right now and possibly going forward it may not be a wise degree to obtain, which sucks for those in a program now, but until a couple years ago it was a great choice for those of us who managed to get into it with the right timing.

I have friends in grad school complaining about new taxes damaging grad students.

Wtf I don’t care about his masters in anthropology

quote:

---

I wish they would fund degree programs based on the average salary a recently graduated student would make. No reason to go $50k in debt for a generic business degree where the average income is $40k. If you want to live the dream, find a way to fund it.

---

This is short sighted, college debt isn't optimal but you are paying for(in most cases) a career that will pay a decent salary in comfortable conditions for decades. Hell, just in your example alone the degree will have paid for itself in two years.

Putting money towards education is an investment

My example was on the mild scale of things. I have a buddy that came out with a Master's Degree in Kineseology with $80k in debt and can't even find a job in the field. Personal accountability there for sure. He should have seen it coming. But it's the same concept as the housing economics collapse. People will always bite of way more than they can chew.

There's no way a $50k degree plan and a $40k salary would be paid off in 2 years. You'd have to put 62.5% of your salary aside to pay for that. Taxes eat the rest of your lunch money and you'd be working for free for 2 years.

Add to that, you could make $35k without the degree so post graduation, you're getting $5k more. Lifetime earnings is a good argument but there is a realistic rate of return that is acceptable. I'm not trying to set the rate here, but I do think it should be considered when funding students.

I didn't mean to crap on business majors. I should have said art majors. Ha.

College tuition is very affordable. I think it is always around double your starting salary. No one needs high end apartments, new cars, unlimited grocery budgets to attend college.

quote:

---

Not everyone needs a college degree.

---

Plumbers and electricians don't, and they can make good money -- without entering the workforce saddled with $100K in student loan debt.

Why lie tho? LSU.edu list the yearly cost at 20k, and that’s with housing and a meal plan. $11,300 with just tuition. 4 years, that would be 45k. Very reasonable. Like I said, you don’t need the corner condo, a new car, and take 7 years to graduate.