45% Of College Grads Didn’t Think It Was Worth It
One way to avoid this kind of post-college regret may be to make sure parents and students have all the information.
Forbes reports.
45% Of Grads Say College Wasn’t Worth The Cost
That college graduates are leaving school with a mountain of student loans isn’t news to anyone. But how are they feeling about it? Not surprisingly, they’re not thrilled, according to a new Consumer Reports survey.
Forty-five percent of respondents said college wasn’t worth the cost, the research found. Some 44% of respondents said they’ve cut back on day-to-day living expenses because of their student loan debt, and 37% said they’ve delayed saving for retirement or other financial goals. And when they were asked if they would make different choices in retrospect, almost half (47%) said they wished they’d accepted less or no financial aid assistance.
Comments
Considering certain degrees that are being offered nowadays in addition to the cost of those degrees, fueled in part by the competitive nature to be a better “social environment” rather than an academic environment…not surprised.
Sure, you had free high speed Internet, cable TV and a nice room, with a washer/dryer and refrigerator, private bathroom and free other stuff. Now you have to pay for those things…they weren’t really free, just bundled into your tuition & fees. Along with paying for all those extra staff members that dealt with so many regulations.
Yeah, going to college has become for many just something to do for four years or less. Sadly, though, you can’t get out of those student debts with a bankruptcy anymore. So instead of telling you “um, sorry….” the schools go “sure! Let us help you into debt!” since they get paid whether you succeed or not.
Sad. I remember PB&J and Ramen Noodles. In a shared room. With a communal bathroom.
Got a degree. Did just fine. But then again, I started in Math and did work in Computer Science. Friends went into Engineering. Some went into Law (curse their black hearts!) and so on. Doctors. Researchers in Physics. Productive careers they chose.
Well, yeah, some were there for the Mrs. Degree, but the vast majority were there for that education, not for any such thing as a “safe space” against words and ideas.
Sad that we let it happen.