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College: 'Best Investment' or Big Risk? (The financial return for a 4-year degree may surprise you)
Smart Money ^ | 05/07/2012 | Jack Hough

Posted on 05/07/2012 2:35:03 PM PDT by SeekAndFind

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1 posted on 05/07/2012 2:35:16 PM PDT by SeekAndFind
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To: SeekAndFind

Here in the oil patch If you have a degree in petroleum engineering, petroleum geology or petroleum land management and augment it with an internship you are pretty much guaranteed a job after graduation paying up to $100k.


2 posted on 05/07/2012 2:39:57 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: SeekAndFind
One of the best moves of all would be to get Fedzilla out of the student loan business altogether.

An excellent college in our area (Grove City) has their own group of lenders and don't allow their kids to get hooked on the easy to get into debt terms of Fedzilla. I believe Hillsdale College in Michigan does likewise.

If lenders charged loan rates commensurate with risk, kids would be paying 10% or more to go into useless majors like Ethnic or Gender Studies and 2% or 3% to go into useful majors such as nursing and engineering.

3 posted on 05/07/2012 2:42:41 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: SeekAndFind
"Mr. Obama's investment tip is well-intentioned,"

No, it is not. It is intentioned to get more business for the now government student loan business, to get kids more indoctrinated by socialists, to get people to thinking that they are too good to be skilled tradesmen like Plumbers and Electricians who can earn much more than your average liberal arts college hack.

Although I'll admit that it will definitely pay off if you are going for a Government job... Especially if you are also a member of a 'protected minority'.

4 posted on 05/07/2012 2:44:25 PM PDT by LegendHasIt
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To: Vigilanteman

RE: An excellent college in our area (Grove City) has their own group of lenders and don’t allow their kids to get hooked on the easy to get into debt terms of Fedzilla

_________________

It is no coincidence that Prof. Walter Williams ( one of Rush Limbaugh’s favorite subs ) is going to be their 2012 graduation commencement speaker this coming May 19.


5 posted on 05/07/2012 2:48:21 PM PDT by SeekAndFind
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To: SeekAndFind

I’m just about to graduate with a major on Women’s Studies? Does anyone know what kind of ROI I might get for this degree?


6 posted on 05/07/2012 2:58:18 PM PDT by MNDude
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To: SVTCobra03

Here in the oil patch If you have a degree in petroleum engineering, petroleum geology or petroleum land management and augment it with an internship you are pretty much guaranteed a job after graduation paying up to $100k.

Here outside the oil patch if you are a high school dropout but can program in Java, C++, C# or any other popular computer language, which most 16 year olds can do, you can make over $100k.


7 posted on 05/07/2012 3:03:22 PM PDT by CodeToad
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To: SeekAndFind

“College brings higher pay: $1,053 a week for the median bachelor’s degree holder last year, versus $638 for a high school graduate with no college”

I tend to believe the difference in pay has more to do with motivation and intelligence than it does with “collage”, per se.

I’m a high school drop-out but have worked my way into a $100K a year job.

But that took a lot of work and self-starting.


8 posted on 05/07/2012 3:15:39 PM PDT by Psycho_Bunny (Burning the Quran is a waste of perfectly good fire.)
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To: SeekAndFind

I don’t even have to read the comments to know that there will be some who mindlessly say: “Well, they should major in a worthwhile degree, any of the engineering disciplines.” These ignorant statements assume that everyone off the street can handle an engineering curriculum and that just ain’t so.


9 posted on 05/07/2012 3:20:34 PM PDT by OldPossum
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To: MNDude

Does life experience count?

If it does, then I have been “studying” Women all of my life and I still don’t understand them and I have spent a fortune trying to. :)


10 posted on 05/07/2012 3:21:43 PM PDT by dhs12345
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To: OldPossum

“These ignorant statements assume that everyone off the street can handle an engineering curriculum and that just ain’t so.”

If it was easy, everyone would do it would not pay so much. What’s ignorant about that?


11 posted on 05/07/2012 3:30:39 PM PDT by beef (Who Killed Kennewick Man?)
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To: OldPossum

Q: How does an engineer get an artist off his front porch?

A: Pay him for the pizza!

Bada-Bump!


12 posted on 05/07/2012 3:34:31 PM PDT by beef (Who Killed Kennewick Man?)
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To: OldPossum; SeekAndFind; SVTCobra03; Vigilanteman; LegendHasIt; MNDude; CodeToad; Psycho_Bunny; ...

Spending $495 to $895 and three days here would probably do more for your youngster that $400,000 and 4 years of college ever will:

http://www.tomhopkins.com/boot_camp.shtml?Screen=boot_camp

My late father grew up during the depression (he was born in 1925) and many times told me that most salesmen had money and enough to eat while most other people were unemployed and nearly starved.

If they or you feel they must go to college, here’s a school that doesn’t require tuition, every student is a work/study:

http://www.cofo.edu/


13 posted on 05/07/2012 3:36:40 PM PDT by 2ndDivisionVet (Ich habe keinen Konig aber Gott)
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To: dhs12345

Lol! You’ve been snookered! Mystery is the unbreakable part of a woman’s genetic code! ;)


14 posted on 05/07/2012 3:43:16 PM PDT by skr (May God confound the enemy)
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To: OldPossum

My undergrad degree was in engineering. To obtain it you had to do multi-disciplinary studies in other 300 level engineering courses. The toughest for me was machine design, under mech E. I worked my butt off and still got a C-. Some people just have the brains for it. I don’t consider myself dumb, but some of my classmates just had a knack for it.


15 posted on 05/07/2012 3:47:34 PM PDT by boop (I hate hippies and dopeheads. Just hate them. ...Ernest Borgnine)
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To: SeekAndFind

I have a sister who has a masters degree in material science engineering from a brand name U. She sure did get a high paying job right out of school but then life happened and she got married and started having kids. When the kids were all in school she went job hunting for a part time gig found a town clerk job and then went to the state labor board to get her pay raised to minimum age. Right now she is back in school to get an RN. Those engineering degrees need upkeep and cont ed along the way. I have told my college age kids to skip all the drama and get their RN right out of high school at the local comm college then they can go pretty much anywhere get a job if needed. I think they both would really rather have businesses to run but the RN is a good back up just in case.


16 posted on 05/07/2012 3:50:25 PM PDT by scottteng (Tax government employees til they quit and find something useful to do)
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To: MNDude
I’m just about to graduate with a major on Women’s Studies? Does anyone know what kind of ROI I might get for this degree?

Depends. Are you going into pimping or pandering?

17 posted on 05/07/2012 3:52:48 PM PDT by LoneRangerMassachusetts (The meek shall not inherit the Earth)
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To: SVTCobra03

“Here in the oil patch If you have a degree in petroleum engineering, petroleum geology or petroleum land management and augment it with an internship you are pretty much guaranteed a job after graduation paying up to $100k.”

Patch being located where?


18 posted on 05/07/2012 3:55:05 PM PDT by truth_seeker
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To: scottteng

I have a degree in computer science. I’ve been a SAHM for 16 years. I would like to go back to work, but I don’t know what I could do at this point.

We’re in California, and the economy sucks here. A few years ago, I think I could have gotten a job, but not now.


19 posted on 05/07/2012 3:59:10 PM PDT by luckystarmom
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To: boop

My husband and I both have our engineering degrees. Our son is graduating high school. He has no interest in being an engineer. He’s brilliant at math, but doesn’t like science. He even has told us that the kids that are going into engineering like to figure out how things work and how to build things, and he does not have that interest.

My husband and I know he’s right, so we are not pushing engineering.

Right now, our son wants to major in economics with a minor in statitics and maybe a minor in accounting. He thinks he’ll need to get his master’s at some point.


20 posted on 05/07/2012 4:03:05 PM PDT by luckystarmom
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