Does College Really Pay?

A book by economist Laurence J. Kotlikoff and columnist Scott Burns challenges the notion that a college degree equals a higher-paying job.

Category:

Education

Tags:

• college
• education
• spend
• til
• the
• end

[whyyesyes]

I wouldn't dismiss college completely, maybe it's the right path for some. I don't think it's for me. Honestly, if I want to learn math, physics, etc, etc, I can walk to my local library and read books for free on the said subjects. If a person is not motivated to learn for free during his free time, why pay to learn the same material???

[DontGoToCollege]

@whyyesyes  good point

[DontGoToCollege]

The job market is telling many people that their college degree is worthless and the "education" that they received is overpriced.

Most of what is taught in colleges can be obtained elsewhere at much lower cost - financial cost and opportunity cost.

I still contend that except for a few career choices, college is just not worth it.

[lostprophet912]

@MarcFuentos

I live in a large metropolitan area surrounded by colleges. The Cheapest university is around 8,500 per year in tuition. That doesn't include books and other usage fees for the college. Even if you can live with your parents for 4 years, you are looking at 40K in tuition. If you have to live on campus, probably 65-70K for 4 years. This is at your cheapest option. These amounts are just what you borrow, with interest on the loans those amounts could easily double or triple.

[scrambledpenis]

@DontGoToCollege I sometimes think that the real college classes are the engineering claasses and otheruseful degrees. But because universities know that not everyone is smart enough for a real degree, and because they want to maximize their profits, they created humanities degrees. What do you think. Personally I also think people who spend 40k a year are morons, especially if it is an unknown school. Yes my degree is a waste, but at least I am only 15k in debt.

[DontGoToCollege]

@SpartanicalSystem I agree. In my first video "Don't Go to College" I acknowledge that a degree is important for some specific career choices. Thanks for your comment and thanks for watching!

[SpartanicalSystem]

@DontGoToCollege Very true but if you are looking for a job in Technology, IT, Engineering, etc. They will toss out your resume' if you don't have a degree. So for some its necessary if only for the degree.

[JosephHuntington]

If you are an excellent high achiever, and keep your nose clean, you will be drawn and quartered, and will be exhausted and broke. Only a premeditated divorce can devastate a man as much as a debt-ridden society that elects Supermen to cure all their ills. The fact is, the more you ponder, the less you'll work. To be a large target today is pure folly. The game has changed. Small and invisible is the new chic.

[DontGoToCollege]

@ticks4ticks4 For several years, from several sources, I have been informed that the college dropout rate is about 50%. If this is not the case, someone please correct me.

[ticks4ticks4]

@DontGoToCollege the one you had mention at 02:38- 02:39 .