What this tells us: a nice, pricey university degree for a cushy, non-hard-materials-related job ISN’T a good investment for your average high school grad, especially given school tuitions and the cost of borrowing.
Unless your child gets into an Ivy League school with a scholarship, or he/she is pursuing a degree in engineering, architecture, nursing or medicine (and even on this last one, make sure the kid is the sort who WILL go to med college and FINISH the degree), look into alternatives.
If the kid wants to travel, see the world, learn things? Actually, university in Europe is much cheaper, even for non-Europeans. That needs to be your priority when thinking of non-lucrative degrees.
To those young people and parents who voted for nobama: Bwaaaaaaaaaaaaaaaaaaaahahahahahahahahahahahahahahahahahahahahahaha!
To those who didn’t: There is an election coming up soon. Vote for Conservative/Tea Party people to overcome this madness.
Yep, we should rethink the idea that going to college, and majoring in anything, will be the ticket to a middle class or “yuppie” lifestyle.
Some parents and kids just expect that they will go to college, whether they have any idea of what they want to do in the future or not. In such cases, college is a finishing school or way station in life. Is that really the best use of time and Dad’s checkbook, and worthy of borrowing thousands of dollars to do this?