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re: Why are boomer parents so dedicated to the college scam?
Posted on 3/27/23 at 1:34 pm to burger bearcat
Posted on 3/27/23 at 1:34 pm to burger bearcat
Because it was an article of faith in my generation that two things assured one of the American Dream - a college education and home ownership.
0
Posted on 3/27/23 at 1:36 pm to SalE
quote:
Florida St.
Easy for an 18 year to get wealthy I can see here is move to Stuart and work for a dock building company for 6-8 years then move back to Jax and start one.
Those guys are charging ridiculous amounts.
This post was edited on 3/27/23 at 1:39 pm
Posted on 3/27/23 at 1:38 pm to burger bearcat
So what career path are you going to direct your kids to?
Posted on 3/27/23 at 1:41 pm to burger bearcat
Both my plumber and electrician are banking between 350-500k per year. Neither one went to college. Both started out after high-school...technical training 2 years, 5-7 year apprenticeship prior to journeyman license.
Posted on 3/27/23 at 1:42 pm to burger bearcat
Not reading 4 pages but Boomers were raised by people that the only way to get out of the ghettos and hick towns that spawned them was to go to college. It was ingrained from the time they started kinergarten through high school.
Posted on 3/27/23 at 1:54 pm to Mo Jeaux
Doctors, lawyers, engineers, etc. need college degrees. My 3 kids have degrees, worked part time, earned scholarships, and it cost me very little. They all have great jobs. I can't understand why parents think they have to pay big bucks for their kids education. I put myself through college and expected them to mostly do the same (I helped, but very little). College is the time to start standing on your own two feet.
Posted on 3/27/23 at 1:57 pm to burger bearcat
quote:Completely depends on the field, doesn't it.
I have never once been asked about my college degree or GPA or any of that in a job interview.
I'd suspect you wouldn't want me doing my job without a degree.
OTOH you're right, there are folks who inexorably associate whitecollar jobs and a 4-yr degree. I'd be surprised if that's peculiar to "Boomers" though.
e.g., Computer programming is more amenable to job specific coursework rather than a degree.
Posted on 3/27/23 at 1:57 pm to burger bearcat
I do agree with you when it comes to the more generic degrees simply for the "sake of having a degree". This world, by and large, is more about who you know and how they can help get you to a comfortable level financially.
Posted on 3/27/23 at 1:58 pm to Nawlens Gator
quote:
I put myself through college and expected them to mostly do the same (I helped, but very little)
Aren't you in your 70s? Compare the average cost of a college education today to the cost when you and your kids attended. 
Posted on 3/27/23 at 2:04 pm to Houag80
quote:
Both my plumber and electrician are banking between 350-500k per year.
They’re going to need to be doing at least $1.2M/year for that low number and probably closer to $2.75M in revenue for the higher number. So they’ll need somewhere between 6 and 15 employees.
Comparing that to a college degree job isn’t particularly useful.
Posted on 3/27/23 at 2:09 pm to burger bearcat
STEM? Yes, go to college; maybe Finance, as well.
Other degrees? Useless today.
Other degrees? Useless today.
Posted on 3/27/23 at 2:10 pm to Houag80
quote:
Both my plumber and electrician are banking between 350-500k per year.
Posted on 3/27/23 at 2:12 pm to boogiewoogie1978
If they own a large company they likely are.
Posted on 3/27/23 at 2:18 pm to burger bearcat
quote:
blow $100K on some pointless generic business degree
Doesn't have to be like this. Not sure where you are located, but I am sure there are similar type deals everywhere.
LSU tuition with TOPS, room and board is around $60k all in for four years. Most of that amount is for rent and food. So if your kid is willing to live at home, LSU would be about $16k for four a four year degree.
Posted on 3/27/23 at 2:19 pm to burger bearcat
quote:
I have never once been asked about my college degree or GPA or any of that in a job interview.
Not even for your first job out of school? WTF kinda jobs have you pursued?
But college isn't for everyone.
Posted on 3/27/23 at 2:24 pm to Mo Jeaux
quote:I'm usually not empathetic to these "life is hard" arguments (either then or now). Every generation has its advantages and tough spots. However you're right, college tuition has outstripped both inflation and income.
Compare the average cost of a college education today to the cost when you and your kids attended.
In 1975
Median household income (MHHI) was ~ $11.5K
LSU (in-state) tuition ran ~ $750yr (~6% MHHI)
Harvard tuition ran ~ $5800yr (~50% MHHI)
In 2022
Median household income (MHHI) was ~ $70K
LSU (in-state) tuition ran ~ $12000yr (~17% MHHI)
Harvard tuition ran ~ $50000yr (~71% MHHI)
There are still a litany of ways (scholly, grant, etc) to cover those costs though.
Posted on 3/27/23 at 2:25 pm to the808bass
Yep, that's pretty accurate; however, they do a bit more. Both have 6 2 man teams with trucks.
The premise is ...not everyone needs to go to college.
The premise is ...not everyone needs to go to college.
Posted on 3/27/23 at 2:27 pm to David_DJS
quote:
It used to be a filter. If you had a college degree, it meant you had some intelligence and basic skills, and more important - you had demonstrated the ability to learn.
None of that is true any longer.
Fact.
Posted on 3/27/23 at 2:28 pm to burger bearcat
If it is a STEM degree it might still be worth it.
Anything else just get the cheapest or go juco and transfer.
Anything else just get the cheapest or go juco and transfer.
This post was edited on 3/27/23 at 2:51 pm
Posted on 3/27/23 at 2:30 pm to Houag80
quote:
Both my plumber and electrician are banking between 350-500k per year.
As business owners. Not as plumbers or electricians. Big difference.
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