How many people can say they wasted thier time since they ended up in a low paying job forever ? I think it has been a waste of time and money for me. The debt is huge over 40 grand for me and I can honestly say that I regret going and that it was a waste of time money and effort since now I am looking at the same type of employment that I did before I went and borrowed all that money. The high paying jobs just did not pan out no matter how much I applied or tried for them. Who can admit that they wasted their time and money ? When I was in my early 20's before I went I had a nice car and a tidy sum saved in the bank. Now I have nothing saved and just pay the bank and credit card companies thousands a year in payments on principal and accrued interest. The interest is a killer expecially when you dont get those 'university jobs' etc
The high paying ' professional ' jobs that you think you will get by going to school all those years. Getting thoes loans wrecked my life.
2006-10-26 06:42:43 · 5 answers · asked by Anonymous in Education & Reference ➔ Higher Education (University +)
I totally agree with you and so would my husband. After we got out of college we learned that everyone wanted us to either be certified (which costs about $400 per test and if you fail the test you have to pay again to retake it) or they wanted a BS which we couldn’t afford to get because we paid so much just to get our AS! Our interest rates on our student loans are so high that we can’t pay them and no one cares. I HATE SALLIE MAE!
2006-10-26 06:54:36 · answer #1 · answered by Anonymous · 4⤊ 1⤋
I wonder how well you did when you were at school. Did you get A's?
Just barely getting through college would tell a potential employer that this is a person who is not really ready for a challenging, responsible job. In my extended family, every one who went to college wound up with a great job and is having no problems, even though some of them majored in some pretty useless areas (like anthropology and history) - but they learned to write and reason, and they showed that they can tackle tough problems and understand and explain them well,
They also picked schools that matched their funds, so they didnt wind up many thousands of dollars in debt when the school was finished. That's what community colleges are for, and state universities. It is not shameful to choose a school that matches your money - it is good judgment.
I think that the failure here is (and probably for a couple of the answerers) is not the colleges fault.
2006-10-26 14:53:30 · answer #2 · answered by matt 7 · 1⤊ 2⤋
well in the states, its worth about 23,000 a yr more over a lifetime.
WASHINGTON (AP) -- How much is a bachelor's degree worth? About $23,000 a year, the government said in a report released Thursday.
That is the average gap in earnings between adults with bachelor's degrees and those with high school diplomas, according to data from the Census Bureau.
College graduates made an average of $51,554 in 2004, the most recent figures available, compared with $28,645 for adults with a high school diploma. High school dropouts earned an average of $19,169 and those with advanced college degrees made an average of $78,093.
"There appear to be strong incentives to get a college degree, given the gaps that we observe," said Lisa Barrow, senior economist at the Federal Reserve Bank of Chicago.
The income gap narrowed slightly from five years earlier, when college graduates made nearly twice as much as high school graduates. But the differences remained significant for men and women of every racial and ethnic group.
Eighty-five percent of people 25 and older had at least a high school diploma or the equivalent in 2005, according to the Census Bureau's 2005 Current Population Survey. In 2000, 80 percent had a high school diploma or the equivalent, and a little more than half did in 1970.
Twenty-eight percent had at least a bachelor's degree, compared with about 24 percent in 2000 and 11 percent in 1970.
"I think we've done a very good job of getting individuals into college," said Cecilia Rouse, professor of economics and public affairs at Princeton University. "But we don't fully understand why we don't do as good a job of graduating them."
Chester Finn, president of the Thomas B. Fordham Institute in Washington, said too many high school graduates are unprepared to succeed in college.
"If you don't emerge from high school having done at least the equivalent of advanced algebra, you are not going to be ready for college math," Finn said. "You can make similar points about English."
Among the other findings in the report:
Minnesota, Utah, Montana, New Hampshire and Alaska had the highest proportions of adults with at least a high school diploma -- all at about 92 percent.
Texas had the lowest proportion of adults with at least a high school diploma, about 78 percent. It was followed closely by Kentucky and Mississippi.
Connecticut was the state with the highest proportion of adults with at least a bachelor's degree, nearly 37 percent. It was followed closely by Massachusetts, Maryland and New Jersey.
Nearly 47 percent of adults in Washington, D.C., had at least a bachelor's degree.
West Virginia had the lowest proportion of college graduates, at 15 percent. It was followed at the bottom by Arkansas, Kentucky and Louisiana.
2006-10-26 13:48:32 · answer #3 · answered by ms.chic 3 · 2⤊ 1⤋
Well I have a good paying job...So lets see...Yah it was worth it...Especially the two scholorships I got....
2006-10-26 13:45:24 · answer #4 · answered by Zsoka 4 · 2⤊ 2⤋
Maybe getting higher education did not work for you but w/ others, it did....
2006-10-26 13:56:22 · answer #5 · answered by jane u 3 · 3⤊ 1⤋