Posted on 07/09/2021 8:24:00 AM PDT by SeekAndFind
I remember from back in the day it was revealed that SMU’s art school had endowments greater than all the rest combined.
I’m cynical enough to wonder about how much of the arts actually needs anything beyond what some community college can provide for a relative pittance.
“So, it works for some people.”
Key word: talented
I had a roommate that was in law school after engineering degree.
He said law school was a walk in the park. Filled with a bunch of no-talent dummies with wealthy parents.
I’ve always wondered what ever happened to Benjamin and Elaine after they eloped....
Somebody should do a sequel.
“Financially Hobbled for Life,” AKA Slavery.
RE: Any useless degrees, especially master’s degrees are Financially Hobbling for Life.
Hey, my daughter, who has a Bachelor’s Degree in International Business and Finance, Got a Master’s Degree in Business Analytics and Data Science at NYU ( partly paid for by the company that she worked for ). She currently works for a larger Big 4 firm with a six figure salary ( a $50,000 jump from her previous salary after graduation ).
It really depends on WHAT you major in.
Old aphorism:”Never blame the booster for what the sucker does”
If you are so damn dumb as to sign up for these academic rip offs you get what you deserve.
“Recent film program graduates of Columbia University who took out federal student loans had a median debt of $181,000.”
Here’s another plan:
1) At age 18 go to work for a strong and popular fast food organization such as McDonalds, ChickfilA, Panara Bread, or In and Out. Show up for work on time, perform well and in 6 months ask to go into the management training program.
2) As a trainee, live below your means, work hard, out perform your peers. Within 2 years you’ll be managing a store for a franchisee or the parent corporation.
3) Continue to save your money. Apply to buy a franchise. When offered one, do your homework, study the community and the location. Assess the potential for long term growth.
4) Assuming your due diligence checks out, pay cash for the franchise fee and borrow the money for the assets. Work your butt off for 3-5 years and pay off the debt while growing the business. Ask to buy another franchise.
5) Rinse and repeat. Continue living below your means and accumulating productive assets.
Over your working career you will earn money and accumulate more wealth than 99% of Columbia film graduates. The money you borrow, to buy physical assets (building, land, equipment) will produce real value, whereas for most the master’s degree from Columbia will produce nothing of value.
One of the wealthiest people I know, who happens to be an African American, went to work for McDonalds in high school at age 16. Today he owns 5 McDonalds franchises at age 55, has a wonderful family, and did it by having goals and working hard to achieve them. He does not have an Ivy League degree, nor did he incur debt from earning one. He is also better educated, and has more common sense, than most of the Ivy League grads I know.
Yes, one can still be successful in America, no matter the color of your skin, and without a college degree.
I can’t imagine the marriage lasted long. Knowing your husband had an affair with your mother had to weigh heavily on young Elaine despite her attraction to Benjamin. Thanksgivings must have been brutal....
‘My Masters Degree in Medieval Plumbing has yet to pay off.’
really...? what was your salary for the past fecal year...?
Two years of Community College, 2 years of state college. Take a job at a reputable company and most will pay for your masters degree.
RE: Take a job at a reputable company and most will pay for your masters degree.
You hit the nail on the head. See Post #27 above
By giving them a “Diploma” in nothing important they think they now have a brain as the Scarecrow did.
“pick a good career”
Knowing what each of those purple dots in the debt compared to income chart would be a helpful means of career choice picking.
Make the university liable for unpaid student loans that were used at their institution.
An MBA from a high profile business college can pay off in different ways. If you are attending an in class school the contacts you make in an MBA program can be useful later on in your career. Professors encourage this form of networking.
It's something called delayed gratification.
Those who borrowed, lived high on the hog, and struggled to pay off the debt afterward get no sympathy from me.
As I told my children: Going into debt is like taking the canoe out with the tide and coming back against it.
It would be much cheaper to get a degree overseas. Many European colleges will let you finish in 3 years too.
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