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Originally Posted by BigRedChief
I disagree. A college degree is still the best single thing that will in the long term, improve your quality of life. It's not a guarantee and its not the same as you say pre-2000. But education is why I'm not poor like my Dad and Mom's families.
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Simple question -- is it worth it to graduate with a degree in, say, political science or english, and $200,000 in debt?
For some, sure. If they can take that and go to Harvard Law, then YES. But otherwise, for the vast majority getting soft liberal arts degrees from nothing-special colleges, there's a real question of whether that is worthwhile.
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When my son came to us and says he wants to be an astrophysicist, I say I'll figure out a way to pay for the freight. He will never be rich in that field and the money you pay for that type of degree might not be a good return on investment but that's what you do as parents, one of your main jobs, encourage and help your kids achieve their dreams.
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Astrophysicist? Yeah, he can probably make a few bucks if he gets that degree.
How about anthropology? Sociology? Philosophy? History?
WTF are you going to do with that degree? How do you convert it into bank, so you can pay off you near quarter million dollar, non-dischargeable in bankruptcy, loan?
Any degree that is likely to get you a job with an annual salary of $30,000 probably isn't worth getting unless your parents are paying the freight, or you get scholarships. Then the question is whether your parents are in their right minds, but that's on them.