College grads will only make < $160/month more Than Dropouts

[BrosephGoebbels]

ITT a jealous uneducated fool who is stuck in a dead end job tries to reason that not going to college is as good as going to college.

[nitr0x2]

You will never get the same promotions as someone with a degree. My mom was an accountant with 12 years experience and when she wanted to be promoted they told her that they wouldnt give her the promotion without a degree. They said they just needed to see a degree no matter what subject it was in and no matter what school it was from and no matter what grades she had. She went to sh!tty Devry and finished her bachelors and as soon as she finished it, they gave her the promotion.

[Nutir]

Not paying for school while being an international student.. feelsgoodman.jpg

[Caesium]

[deathbunny]

Never went to college, have an amazing job, making 45k a year plus ~6k in bonuses a year and health care etc benefits.

I'm 22 and am getting my own house next year, zero debt, paid off car, paid off superbike, living well.

College is a piece of sh*t, seriously. The world should be run by trade schools not f*cking general college that really teaches you nothing for the job. I learn so much at my job that school has no chance to even come close, there are graduates we hire 5 years older than me without a clue and I have to teach them.

[jayshmo]

its not what you know, its who you know

[High_Endurance]

Never went to college, have an amazing job, making 45k a year plus ~6k in bonuses a year and health care etc benefits.

I'm 22 and am getting my own house next year, zero debt, paid off car, paid off superbike, living well.

College is a piece of sh*t, seriously. The world should be run by trade schools not f*cking general college that really teaches you nothing for the job. I learn so much at my job that school has no chance to even come close, there are graduates we hire 5 years older than me without a clue and I have to teach them.

and one day they will be your boss

college ftw

[LargeWill]

i'd rather stay in college and be able to party for those extra years, and then make that money, and then move up the corporate ladder because i can demonstrate that i have the dedication to make it through school.

[OneBetter]

Never went to college, have an amazing job, making 45k a year plus ~6k in bonuses a year and health care etc benefits.

I'm 22 and am getting my own house next year, zero debt, paid off car, paid off superbike, living well.

College is a piece of sh*t, seriously. The world should be run by trade schools not f*cking general college that really teaches you nothing for the job. I learn so much at my job that school has no chance to even come close, there are graduates we hire 5 years older than me without a clue and I have to teach them.

lololol

let's have surgeons and lawyers go to trade schools.

[Kharig]

lol at thinking every college grad maxes out at $160 more than dropouts

[nakedsnake]

Never went to college, have an amazing job, making 45k a year plus ~6k in bonuses a year and health care etc benefits.

I'm 22 and am getting my own house next year, zero debt, paid off car, paid off superbike, living well.

College is a piece of sh*t, seriously. The world should be run by trade schools not f*cking general college that really teaches you nothing for the job. I learn so much at my job that school has no chance to even come close, there are graduates we hire 5 years older than me without a clue and I have to teach them.

same situation here as you except making 75k$, already got the house, 27 yrs old and my job ****in sucks most of the time when im 40 ill have all kinds of physical problems and there is absolutely no job security..

[JohnMKeynes]

Just calculate it own you own if you don't believe me.

College Cost = $12,000/year (and this is cheap on avg)
Finish in 5 Years
Loan = $12,000 @ 9%
Loss of Income for 5 years @ 30k/year = $150,000
Post grad Total Loan Bal = $78,280
Loan Bal after 2 years of Job hunting = $93,004
Monthly Loan payment = $943 for 15 years
Total Loan amount after 15 years = $169,796
Total Loss of going to school = $319,796
Post grad Income = $50,000
Total Income - Loss = $1,830,203

Total Non College Income @ $37,000/year = 1,739,000

Difference between Grad and Non = Life: $91,203, Yearly: $1,940, Monthly: $161

Obviously you're approach to answering the question is way off. Ever heard of Present Value/Future Value? It's been proven countless times that getting a college education(so long as it's done within a reasonable young age) makes I believe 1 million dollars more present value than someone who just graduates high school over a lifetime.

Also someone who just has a high school education will spend a greater amount of time unemployed than someone with a college degree.

[BenA1]

Strong generalizations in your post op...Got my BA in only 3 1/2 years... Of those 3 1/2 my parents paid for 3..the last 1/2 is my only loan(130 buck a month), bc my parents wanted me to "know the value of a dollar."

[SunRaTempel]

guess who will have a better chance at getting a job

The person who already has more work experience.

[BenA1]

The person who already has more work experience.

-Not necessarily..Today many employer's require some sort of college degree, or a certain amount of credits..Some employer's let you use experience most 3 years or more in lieu of of a college degree or credits. But even then, your previous job most likely required you to have a degree or credits if it is in the same field/category of the job your applying for now, Now there are exceptions aka your middle aged or a babyboomer when coming out of highschool and straight to work was the normal so experience works, or retiree looking for a comback.

[Kharig]

hey guys, my friend recently graduated and got a starting job of only 55k, i'm 12 credits away from graduating so i think im going to drop out of college, what's the point anyway?

i mean bill gates dropped out and he's a billionaire.

i'll surely make more money

[FullofAlpha]

Strong generalizations in your post op...Got my BA in only 3 1/2 years... Of those 3 1/2 my parents paid for 3..the last 1/2 is my only loan(130 buck a month), bc my parents wanted me to "know the value of a dollar."

I'm talking about the average person not you.

many Western students take longer than four years to graduate. According to the Registrar's office, the average graduation rate is approximately 4.5 years. Figures show that in 2002 only 31.4 percent of first-time freshmen graduated in four years, and only about 53 to 54 percent of these students graduate within six years.

5 years is generous, as the study says only 54% finish in 6 years.

[dantheman999]

So even if all this terrible math is right...

whats wrong with making an extra $160 a month, doing a job that is likely much more rewarding and easy on body?

[MonkeyC]

-Not necessarily..Today many employer's require some sort of college degree, or a certain amount of credits..Some employer's let you use experience most 3 years or more in lieu of of a college degree or credits. But even then, your previous job most likely required you to have a degree or credits if it is in the same field/category of the job your applying for now, Now there are exceptions aka your middle aged or a babyboomer when coming out of highschool and straight to work was the normal so experience works, or retiree looking for a comback.

on like 80% of job apps i see, it says "x years of experience required" with no mention of a degree

[igotmanfever]

so what youre saying is, even with a bunch of worst case scenario generalizations, we will still come out of college and make more money AND have an education on top of it.

Maybe you should think a little more about your post OP.

[igotmanfever]

lololol

let's have surgeons and lawyers go to trade schools.

yep, and all the latest scientific research can come from trade schools too

[breasticles]

Lol ok. My tuition is $6,000 per year and I will finish in 4 years max. I'll probably have about $12,000 in total scholarships over the 4 years. I don't have any loans and won't need any. And if it takes you 2 years to find a job then urine idiot.

[JIA]

Separate income from wealth(as you should), and you get:



These threads are tangled with those justifying their academic failures with the few competent, natural leaders.

[breasticles]

Separate income from wealth(as you should), and you get:



These threads are tangled with those justifying their academic failures with the few competent, natural leaders.

Wow those are some skewed averages.

[TangerineSky]

this thread. hahahhaa

[BenA1]

on like 80% of job apps i see, it says "x years of experience required" with no mention of a degree

-It depends on the field you want to go into too..Many if not all health care types of employment now require some type of degree Associates or BA or higher...Any type of law enforcement career, most now require a degree or certain amount of credits..I know because my career is law enforcement. Especially federal (which i am), unless you have 3+ years of experience, a BA degree for GS-5 is required or a Masters for GS-6/7. Many of engineering, architectural jobs require some type of trade school or degree now..See where this is going...While not all jobs require a degree, jobs that have JOB SECURITY do..there are never a shortage or criminals, people in need of health care etc.. Sure you can get a job at a powdered metal factory or glass plant, speaking from experience bc my hometown those are the two main industries supplying income for 3/4 of the town...But 3/4 of those people making 70,000 a year are getting laid off 3-4 times a year because there is no job security.

[TheJoshuaa]

Jeez 12k a year, mine is 53k a year :/

[JIA]

Wow those are some skewed averages.

Means skewed by the wealthiest top ten percent of the population. Medians are more realistic/comparable.

[offtopic]



^Top 1% of the U.S. population in wealth own 60% of the total stocks. [/offtopic]

[secretlifter3]

brb scholarships
brb parents funding
brb canada tuition
brb very little loans

[FullofAlpha]

Separate income from wealth(as you should), and you get:



These threads are tangled with those justifying their academic failures with the few competent, natural leaders.

All those figures and unemployment rates all figure in people who never could of gotten into or finished college in the first place.