Its been 5 years since I graduated college, where I acquired my bachelor's degree.. and I can't help but feel a little pissed off? I look at my loan payments and I am only 2/3 of the way through paying them. With that "golden job" you ask? No! I have some job (working 40 hours a week) that doesn't require any degree and work amongst those that have any college experience.
All throughout my young days I was encouraged to go to college and if I didn't I would be stocking shelves at Wal-Mart over night. I was thinking of getting my Master's degree, but then I realized, what's the point. Should I just cook meth with Walter White and live life on the edge from here on out?
Is college a huge scam? I'm sure people will give me a lecture on how it's my fault that so many degrees and the rhetorical nonsense you learn from school gets you practically nothing, but I'm sure some people are in the same boat as me. I couldn't believe the amount of worthless classes I took in my college days. Intro to Communication? Women in Society? Social Problems?? Please.
A lot of the time I bump into my classmates who followed the same path and that are paying down their debts until they turn 76. I paid the first 2 years out my pocket and I kinda feel like college was just a place I went to deposit my money and never got it back lol
Same here. Also, books and housing/food.
A Liberal Arts degree is, on average, a better tool than many. I don't disagree with specialty fields such as Engineering, though. Today (and for a long time) any degree in Math or the Sciences is very useful.
Unfortunately for the thread starter, Biology is one of the least productive Sciences. The field is narrow, highly competitive, and is more influenced by contacts than many others.
The collegiate system as it is now is creating a major problem and it begins with government loans. They are far to easy to get and the schools know this, which enables them to charge obscene tuition rates. Even the costs of attending a state school are out of control.
If students don't have a clear field they want to get into and they're not attending an Ivy League school I think the focus should turn towards attending the least expensive school available, including on line courses.
Something to be said with regard to working with your hands...I did it to help pay for school and to work when I couldn't land a job based on my education level (Finance BA & MBA). Nice to actually see what you did at the end of the day (put up a fence, set up a foundation for a concrete pour, etc) vs. a stack of papers/closed laptop. My family always made a good living...you can make a good living in the trades but too many people don't want to get dirty.
My loans are basically paid off now...I have very little left to pay off and my interest rate is so low there is no reason to pay it off early.
I struggled mightily my freshman year in college and almost quit to be a union pipefitter. If I was in that situation today, give the cost of education, I might have not stayed in school.
picking the degree is important. having a clear idea of career path is also important. and, internships and networking along the way is as well.
grandkids are just getting ready to hit college and I keep stressing the importance of college to them. are there alternatives - yes. college is not for everyone. but it's not like when I graduated when there were manufacturing and many other well paying jobs that did not require college.
one thing I stress to them is try and get it done in three years. Take AP courses, summer school and for credit internships (especially important for networking). no need to be there, in residence, for four years for a bachelor's degree.
college should only take 3 years and the notion that you need 4 years in order to have this "well rounded" education is an outdated notion.
pick your career wisely and learn how to manage the money you make wisely.
and don't think you made a bad move by going to college if you are still younger than 35. it takes time to get your career going.
and, you may need to get more education to get the most our of your present degree. could be grad school, could just be getting more work specific skills.
if I had a biology degree, I might think about the medical field. Nursing, PAs, and med school. growing demand and some money out there to offset the costs.
one final note, look for loan forgiveness programs.
Passed up a higher-paying job for one that better aligned with my education and came with tuition-reimbursement, which paid for ~90% of my Masters in Information Systems. Later, my current employer, with whom I have been for over 15 years, financed my MBA.
It was tough at first, but I was lucky that my parents paid for most of college, which was much cheaper in the 80s, so I only had debt resulting from my own irresponsibility to deal with. Lived in group houses, drove a crappy car, and, for a while, worked a second job at a department store to get by, but made a life-long friend, there, and he recruited me into my current gig with a large software company.
Getting that first break was HUGE for me. It was funny - I went out to celebrate an offer for a job that didn't require a degree, and bumped into a girl I knew from college, and she said "Hey, we're looking for a technical writer", and I ended up taking that instead of a job that paid ~33% more, and I could REALLY have used the extra money at the time. I sometimes wonder how things would have worked out if I had taken the other job.
Interesting (to me) note: I've worked three "real" jobs in the 20+ years since I graduated, and all three were via friends; not sure how common that is. It's not like I was particularly popular...
I hope you get your big break soon!
After 5 years in my engineering job, I went to grad school to switch careers. That was even better! I have great memories of those times and met so many incredibly smart people (and formed a number of friendships that will definitely be lifelong). I met my wife there. That degree also led quickly to a job (I had accepted the offer about 6 months before I finished the degree) Fourteen years later, I am still in the same job and like it much more than engineering. I have been incredibly fortunate.
I can't say I have any significant regrets. At both the undergrad and grad levels, I intentionally sought out degrees that I knew would very likely lead directly to employment. If I didn't weigh those factors, I would have majored in music (sometimes I wonder how that would have turned out).
It absolutely is a waste for many people who can't walk through the doors of opportunity that college may open. The biggest difference now is the stakes are higher because students carry so much more debt.
Although not definitive, it looks to me that his perception of the role of a college education is strictly as a pathway to a job, not a pathway to knowledge and broadened horizons/sensibilities.
Not getting the expected job, he feels cheated by the system when, in fact, he unwittingly cheated himself by not recognizing the purpose behind such classes.
All that said, there are a couple things to consider when graduating high school: First, and most importantly, you need a job skill. There have been plenty of threads about alternatives to college in attaining a job skill. Second, there has to be a need/opening in your job skill. Doesn't do much good to get a degree in a field there's no jobs in (in your area). Also, the level at which you attained your skill. most anything that ends in ology requires more than a 4 yr degree to be anything more than a grunt. Grunt isn't a bad thing. I'm one, and I like it and make a good living. I didn't shell out 40 grand a year for 4 years to get here, though. When my first degree turned out useless, I looked around at what tech degrees were viable in the paycheck. At the time, biology degrees were a dime a dozen. Chemistry was happening, for my area. I'd have preferred biology, but I went with reality. Along with this mantra of 'go to school, get an education' was this mantra of 'you only get one life, do something you enjoy'. If the two merge, great. If you just spend a lot of money on something you can't make a living at, how enjoyable is that?
Cost: most everyone bemoans the cost of college. most everyone I know from anything resembling middle class thinks you have to go away to school, doubling your costs. I went away for a couple years, and went to a community college for a couple years. Both were decent SUNY 2 year schools (both offer 4 year degrees these days). Guess which one was more fun? You want to double your costs for fun, have at it, but don't complain about it afterwards. Rural areas a bit different, but almost every semi-urban area has options for commuter education.
I can see arguments against not "wasting" money to go to school, but IMO, unless you are going for a very specific degree, paying out of state tuition is pointless and could come with a lot of debt and nothing to show for it.
I wish everyone luck though, its a brutal job market still and kids graduating the last few years have very little options.
The problem is that at 18 or 19 years old most of us (and I absolutely count myself in there) are poorly equipped to get the most out of college as something more than credentialing. When I started out I shunned the professors that had a rep as ballbusters, but by the time I was a senior it was pretty obvious that the ballbusters were often the best and most dedicated teachers. When it was a choice between a Thirsty Thursday and a lecture or a trip to Montreal and a weekend symposium I usually picked the wrong ones, and even when I started making better choices it was with grad school in mind rather than getting a broad-based education.
If you spent 40K a year on a private school that didn't get you any further, you're already 17K in the hole.
No only do you have that $150k in debt, that's money you can invest elsewhere on a monthly basis so the cost is far more than $150k.
I really wish finance was a required highschool course for Juniors and Seniors.
We have a fundamental disagreement, then. I think that the "useless" courses are of equal value, sometimes greater. Not that you're wrong or I'm right, but my point was not economics but the reason(s) you go to get an education and the expectations generated by those reasons.
I agree an education is extremely valuable and virtuous. But you don't need college to get that. And that value is not measured in $$.
The housing costs in NYC, San Fran, Chicago, etc are insane. Your everyday worker is just scraping by in those cities, or they are commuting 3 hours a day if they can't afford to live close.
Second fave is a niece who turned down scholarships to go out of state to get a 4 yr women's history degree (on her own dime). She now works at a putt-putt golf course.
No wait, my really fave is my SO's kid who gets a nice degree in accounting (also at this same private school that's big on basketball), cost the SO a ton of money, accrues significant debt (still owed closing on 20 years later), gets a good job in accounting, and gives it up to start a career as an eye tech which any high school degree can get. He's now living in my house, sponging off the SO, because apparently it's tough to make ends meet in a dead end 30K job.
I have 4 or 5 other stories where the college experience led to no greater reward. I have a bunch where it did. Moral of the story: college doesn't make you smarter. you have to make smart choices while increasing your knowledge.
I agree an education is extremely valuable and virtuous. But you don't need college to get that. And that value is not measured in $$.
Not get into an "I win/you lose" here, but his complaints are bound up with his expectations, which then feed the frustration he now feels.
EOM
I made a financial decision about my school. I could have went to an out of state school that would have cost $35k/year and racked up over $100k in student loans. Instead I went to a smaller state school that offered me a scholarship. Total cost of my 4 year education (room and board) was less the $10k. I graduated with no loans. Now it is arguable that I may have gotten a better education and/or job at the other school, but I'm not sure it would have been $100k better then where I am now.
Financially, I think I made the right decision. I also met me wife in college, so I also think it was a good personal decision. Would my career be different if I went to that other school? Possibly, but I'm not sure it would have been significantly better.
That said yes I am glad I attended college as are both my kids. You have a college degree and that can never be taken away from you. My parents barely graduated High School and neither of their parents even went to High School. My college and later business experience helped me develop my own business which I will be selling soon for well over $1mil.
5 years is way too soon in your life to make the determination as to weather or not college was worth the time and money. If you revisit this question 5-10 years from now you may feel very different.
Don't agree with that initial statement. You still need the required Bachelors for almost every job i've seen when I worked in staffing for almost 5 years. Sure, everyone has them now, but you really do need it for most careers.
Their are certainly outliers, but very few people in the 20-30 age range that forego a college degree will end up making out better in the long run. They key is making a wise choice with the degree and/or school.
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That said I don't think you need to attend some high profile university. Getting a degree even from a local college will help you. It shows commitment to an employer and since you will most likely be interviewed by someone that has their degree they want you to have one too. Also earning a degree while in the military is good way to improve your chances for a career later. I got mine attending school on a part-time basis while serving in the Airforce. The two combined has helped my career and the military helped pay the tuition.
Don't agree with that initial statement. You still need the required Bachelors for almost every job i've seen when I worked in staffing for almost 5 years. Sure, everyone has them now, but you really do need it for most careers.
Their are certainly outliers, but very few people in the 20-30 age range that forego a college degree will end up making out better in the long run. They key is making a wise choice with the degree and/or school.
Not sure you got my point. What I was trying to say was that you need a bachelors today and is as important as a H.S. diploma was years ago.
I finally went to college at age 45..just finished my bachelor's a few months ago and have no idea what to do with it..
To me, it's about skill level..That will sometimes trump degrees..
2) If you get a Masters/PH D versus a BS
If you want a technical field then you have to have one, maybe even a Masters. The general liberal arts type curriculum/degrees are a thing of the past in this new economy.
I finally went to college at age 45..just finished my bachelor's a few months ago and have no idea what to do with it..
To me, it's about skill level..That will sometimes trump degrees..
GMAN congrats on your Bachelors...Earning a degree at this stage in life is definitely an accomplishment. I'm probably around the same age as you and have thought about going back for a masters but just cant get that motivated. Whether your degree helps you depends on where your at in your career. Obviously you have allot of experience in what you do. If you are looking to move up the ladder and most of your peers have a degree then you just leveled the playing field. If they don't have a degree then your one up on them. If you're not looking to move the ladder and just continue with your current position, then your degree will look real nice hanging on your wall.
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toward getting a job, then in many cases, it may not be worth it. If you value education as an end unto itself, then you will have a different view. It depends on what you make of it, and whether you value the process as well as the ends achieved.
The problem is that at 18 or 19 years old most of us (and I absolutely count myself in there) are poorly equipped to get the most out of college as something more than credentialing. When I started out I shunned the professors that had a rep as ballbusters, but by the time I was a senior it was pretty obvious that the ballbusters were often the best and most dedicated teachers. When it was a choice between a Thirsty Thursday and a lecture or a trip to Montreal and a weekend symposium I usually picked the wrong ones, and even when I started making better choices it was with grad school in mind rather than getting a broad-based education.
Same here. My first two years, it was all about having a good time. I was very immature and didn't even think that a low GPA could hurt me down the line. I didn't care about that at the time. It was about girls, playing in bands, and drinking. Fortunately, I did well enough until my eyes were opened during the second semester of my third year. I was in a five-year joint program between two schools that required transferring after 3 years at the first school. My GPA was right on the border of getting accepted into the engineering school, and I just barely made it. It took a high GPA during the 2nd semester of my 3rd year to push me over the top. That scared the hell out of me and from that point forward I had a pretty high GPA. I think there is a lot to be said for some people not going to college right at 18. In my case, I had no idea what I wanted to do, so I picked the major that my father wanted. I don't regret it, but it did subsequently lead to a career change because it was clearly the wrong path for me.
No Prob...and it seems like we agree.
many agencies will retrain you for what their needs are.
re: state versus private schools - all depends in the FA package. For some reason, we made out better with the private schools for our kids.
The current job I am in right now, i interviewed with another company and they told me I didn't have the educational requirements. I interviewed with another compnay 2 months later and got hired for the same job!..
Go figure..