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ar243 t1_j1b9shg wrote

It boggles my mind that people spend more than $50k total on school just to get a degree that gets a job paying $45k.

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mikevago t1_j1bza2k wrote

When I graduated college and got my first job, I made less than a waiter. But now I make six figures, and if I hadn't gone to college I'd still be a waiter. That job that pays $45k is the first rung on a ladder, and given the median income in the US is $33k, it's a pretty high first rung.

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GeneralMe21 t1_j1bgd10 wrote

That’s the problem. The ones taking on the loans aren’t realizing schools and loan issuers are just taking advantage of them.

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bhollis6895 t1_j1bwtqu wrote

We have had 18 year old kids signing loans for life changing sums of money and they still won’t know what that really entails unless they take a finance class.

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boyerling3 t1_j1dfkr0 wrote

If the federal government's loan system allows it, then why not!

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munchi333 t1_j1br5p5 wrote

People with just a bachelors degree make, on average, $1 million more in lifetime earnings than those without.

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ar243 t1_j1btyoj wrote

Maybe I should clarify: college is great, getting a degree that limits you into a low paying career isn't.

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TheOGRedline t1_j1el8di wrote

Unless you love your job, I guess. I’d prefer to like my job AND be well compensated though.

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Ok_Initial_2090 t1_j1c2wao wrote

This fact of $1 million more in a lifetime is extremely outdated, just like the housing market and or the ‘American Dream’. It used to be so perhaps 15-20 years ago, I would absolutely Love you to go around to the current grads and generations and grab a poll from them- infact, 50% of population don’t end up using their degrees they spent 75+ grand on in 2022, now that’s a current fact that you can Google

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pHyR3 t1_j1c66wo wrote

>50% of population don’t end up using their degrees they spent 75+ grand on in 2022, now that’s a current fact that you can Google

but that would include people that say got a degree in Engineering but work in Consulting - you're still going to need a bachelors degree to work in consulting no matter what it is

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Ok_Initial_2090 t1_j1c6d4z wrote

Do you? Or do you just need to learn the ropes, start entry level and progress your way up, ending with $0 in debt

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pHyR3 t1_j1c705l wrote

i've never heard of a recognised consulting company that will hire you out of high school, maybe you know of some?

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Ok_Initial_2090 t1_j1c75rd wrote

I do indeed, their called apprenticeships, but on that matter, how much do consultants make? 6 figures?

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Onceuponajoe t1_j1cwwp3 wrote

Consultants make big money. It’s insane. Many folks quit their jobs to make 2-3x as much as a consultant. 100k would be the low end.

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Ok_Initial_2090 t1_j1cxa9o wrote

Exactly, was hoping for pHyR3 to reply but yours will do. And what percentage of the U.S. population is making 100k +? The answer is 5.4% Instead of us bickering and arguing about a topic that involves the top 5.4% of the job market- which duh, yes, a degree at minimum is obviously going to help you throughout your lifetime, let’s get back to the original point of this conversation which has to do with the other 95% of the job market that makes under 6 figures.

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