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I am 28 years old.
I am single.
I am thinking of just investing the money I would have spent on college.

2006-08-23 04:38:20 · 10 answers · asked by BarCo 2 in Education & Reference Higher Education (University +)

10 answers

It all depends on how stable you're current job is. How old is the company you work for, does it offer a 401K pension plan? Does it offer health/life insurance, stock options? How often do they down size, when was the last time they laid people off? Do they mind that you spend personal time on the computer asking questions on Yahoo Answers? Is there room for growth. I've seen the most "stable" jobs end with no warning. The folks who have degrees, are more marketable, and find new jobs quicker, and with less unemployment. Also, 30 Thousand Dollars for a 4 year bachelors degree is CHEAP. Many upper crust universities will charge that much per year or some, a semester. If you're interested in college, why not take a few classes at a time. Say 6 hours a semester, (2 classes). There is no "rule" that says you MUST finish in 4 years. Also many employers have a higher education plan, where they will reimburse your tuition ( I've seen anywhere from 40-100% for an A or B average)

Do you ever plan on marrying & having children? If so, 50K isn't enough to support a family these days. Unless your parents are independently wealthy, and you are insured to inherit a large amount of money, I would highly suggest earning a degree, making more money, and planning on a long, financially stress free retirement.

2006-08-23 05:03:13 · answer #1 · answered by mslorikoch 5 · 0 0

It is quite a difficult position you are in. It all depends on various things ie if you are going back to study to so that you can make more money later then it may not be much worth it as you are earning enough and can use the 30K to invest. However if you are studying because you want to learn then you shoud defintly go as money can be lost or spend unwisely but no one can take away education from you.

I though i should share this proverb with you

"Education is not solely about earning a great living. It means living a great life".
by Brad Henry

All the best

2006-08-23 04:54:37 · answer #2 · answered by dino 3 · 0 0

college isn't for everyone. But I advise getting a degree. There is NO such thing as job security any more. Think of what you would do if you lost your job.
My husband did the same thing before we married. He made 80k a year, took classes that had nothing to do with a degree plan & eventually dropped out. He lost his job 3yrs later and now only makes 20k. Without a degree, he missed out on a 90k job. I am putting him through college now....Its better to do things when you can & when you can afford to.

2006-08-23 04:47:49 · answer #3 · answered by 4 · 1 0

It depends on what you will do with the college degree. If you get the degree but stay at the 50k job then it is totally not worth it, but if you think that you would be able to secure a higher paying job once you have a degree then it is worth it.

2006-08-23 04:44:12 · answer #4 · answered by Anonymous M 2 · 0 0

College degree is supposed to help you make more money. If you are on a financailly healthy track and see a bright financial future / career growth without the degree, then why bother.

If you wnat to pretty up your resume or do it for yourself, then go ahead and get your degree. I restarted college at 27 and finished when I was 29.

2006-08-23 04:44:59 · answer #5 · answered by Centered 4 · 0 0

Do what makes you happy. If you love your current job and see yourself sticking with it for the long term, then invest the college money and continue your success. It's never too late to go back to school, so if the current set up doesn't last then you can always fall back on school as plan B.

Good Luck :)

2006-08-23 04:45:42 · answer #6 · answered by Smitty 5 · 0 0

People get college degrees for a lot of reasons. Why do you want to get one?

- More money?
- So that no one can say "No" to hiring you just because you don't have that piece of paper?
- For personal fulfillment?
- To prepare for a different career?

Only you can decide if it's worth it to you. And you don't have to go full time. If you want to get a degree, but minimise financial impact, then get it part time. It will take longer, but you'll be able to continue working.

2006-08-23 04:50:45 · answer #7 · answered by RoaringMice 7 · 1 0

Continue your education, regardless. Continue with night courses and accelerated classes to speed things up, but you never know what may happen in your life. I was making $57K before my company was bought up. I was offered the same position in L.A., but said no. Now I'm looking for work again with no degree.

2006-08-23 04:49:38 · answer #8 · answered by lidster 1 · 0 0

YES MOST DEFINATELY!. remeber bill rancic from the apprentice he was making millions but he decided to join the apprentice to learn more about himself and how to run a succesful business. And college is not all that bad especialy when you are young and single!

2006-08-23 04:45:29 · answer #9 · answered by orlyandsa 4 · 0 0

no, if you already have a good job, college is a waste. I'd say you should just go ahead and invest that money.

2006-08-23 04:41:08 · answer #10 · answered by Edward 3 · 0 0

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