OK, Bill Gates quit college as did a number of other succesful people, but are you a Bill Gates?
I notice that even people with lots of money ( such as my sister and her husband) while they can take care of their two older sons fairly well (and even there the boys may have SOME loans)-- has said her much younger daughter " will be on her own when it comes to graduate school." She and her husband do not expect their net wealth to increase that much in retirement, which is fast coming on them (came in reality years ago for my sister, her projects as a landscape architect have been rare for years and her time is more devoted to her garden club and planning events such as family vacations to Greece and to building her own super-duper ornate swimming pool with all its fountains and smaller pools and marble and plantings..that might be finished by now, but who knows, my sister seems to run into nothing but problems with contractors)
Anyway=
Saturday, Feb 22, 2014 09:00 AM EST
Just say no to college! Why it’s the worst decision a young American can make
For today's grads, a job is no sure thing, but decades of debt may be. And don't get me started on the "education"
Topics:
College,
University,
Education,
Higher education,
Debt,
student loans,
Editor's Picks,
Baby Boomers,
millennials, Politics News
Each
autumn, millions of young Americans parade into colleges with cheap
plastic furniture in tow, expecting their work over the next four years
to result in a career worth going into debt for. Instead, they
jeopardize their futures. There’s not a worse decision a young American
can make than attending college sans parental money or massive
scholarship.
Let’s start off with the basics. In 2012, 71 percent of all students who graduated accrued some amount of student loan debt, with the average amount of debt soaring to $29,400. More than half of student loans officially became delinquent or in deferral in 2013. New information indicates this trend will only worsen; recent college graduates face the worst unemployment rate in more than 20 years, as well as severe underemployment, with 44 percent of grads saying they could find work but not enough of it. Not even the vaunted STEM fields are immune from the perils of cheap labor, smartsizing, and the Great Recession.
Here’s where college apologists will say debt used to acquire a degree is “good debt” since it ultimately pays off in the end — both because the degree will land you a job and provide “intellectual enrichment” and “critical thinking” and other impossible to quantify, dubious buzzwords used in college marketing pamphlets across the country.
This baby boomer-esque sentiment is garbage.
Let’s start off with the basics. In 2012, 71 percent of all students who graduated accrued some amount of student loan debt, with the average amount of debt soaring to $29,400. More than half of student loans officially became delinquent or in deferral in 2013. New information indicates this trend will only worsen; recent college graduates face the worst unemployment rate in more than 20 years, as well as severe underemployment, with 44 percent of grads saying they could find work but not enough of it. Not even the vaunted STEM fields are immune from the perils of cheap labor, smartsizing, and the Great Recession.
Here’s where college apologists will say debt used to acquire a degree is “good debt” since it ultimately pays off in the end — both because the degree will land you a job and provide “intellectual enrichment” and “critical thinking” and other impossible to quantify, dubious buzzwords used in college marketing pamphlets across the country.
This baby boomer-esque sentiment is garbage.
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