Young, Dumb, and Broke

[Yeti]

You wrote; The ROI for college is a scam for most degrees with the cost of college today. There is absolute zero reason to take out loans for 4-5 years on elementary education, basic business, history, poly sci, psych, etc…

This is simply not true. It isn't a scam for most degrees (your words). I'm guessing there are actually no studies showing most degrees are a scam. FYI, I took out loans in one of those fields you mentioned and I'm comfortably a millionaire with a great retirement when i'm ready and who attracted a talented, smart woman to marry and have kids with.

Not sure why people don't make more nuanced arguments. Most people who understand the importance of a university and a college degree know that you shouldn't borrow too much money to earn a degree with a limited ROI unless you're rich. For most people, college is a worthwhile investment and offers benefits in addition to employment opportunities. Some do borrow too much, no one is arguing against this, and some irresponsibly don't pay back loans or simply pay off the interest monthly. Treating college debt like other debt, having it dischargeable in bankruptcy, might solve this.Putting universities on the hook for some of the debt might be beneficial as well.

Good to know you are comfortably a millionaire…need you to pony up to keep K1

 

[turkish]

Affordable residences are actually numerous. Safe, affordable residences are not. What’s the problem again?

 

[Podgy]

At some point universities are going to offer degrees that require only 90 hours. Some universities are also considering differential pricing. Because sociology, history and education profs come cheaper than business and engineering profs, their majors might be charged lower tuition. Administrative bloat is also an issue on college campuses as are salaries for some profs. One of the best gigs you could have is being a business prof at a major state uni. I'm guessing a Ph.D. in accounting at State starts at around $150,000 with a 2/2 or 2/3 load for 9 months with weekends and holidays off. Publish some articles in journals no one reads, get raises and tenure within 7 years and you're set. Become a full prof and you're living a really great life. You can travel to conferences in nice cities on the public dime and enjoy a few drinks with other profs and maybe get little strange from some other prof looking for temporary recreation. I can't imagine being a business prof with some self-discipline and not becoming a millionaire by age 50. PERS is gonna treat you right so retire at 60. You're likely not gonna have much student debt to pay off because grad schools provide assistantships and grants that are almost enough to live on while you earn a Ph.D. That's just a sweet gig and you're not actually in the business world where you might get fired or laid off or have to change jobs.

 

[Podgy]

Good to know you are comfortably a millionaire…need you to pony up to keep K1

I'll clear this with my wife who has two degrees from LSU, and my kids who are headed to med school. One is considering Ole Miss so I do think I have some flaws as a parent.

 

[jethreauxdawg]

One is considering Ole Miss so I do think I have some flaws as a parent.

some flaws? That’s child abuse.