7 Reasons You Might Want To Skip College
They tell you it’s an investment! Unfortunately, these days you have to ask yourself if it’s really worth it.
Fifty-percent or more of college graduates in 42 states have debt of AT LEAST $25,250.
Tuition and fees at public four-year colleges and universities increased at an average rate of 5.6% per year beyond the rate of general inflation over the last decade.
Combined student debt is closing in on $1 trillion, surpassing credit card and auto debt, and is only going to get worse.
“Student debt poses a large and growing threat to the stability of our economy … Just as the housing crisis has trapped millions of borrowers in mortgages that are underwater, student debt could very well prevent millions of Americans from fully participating in the economy or ever achieving financial security.” - Illinois Attorney General Lisa Madigan testifing March 20 before a U.S. Senate judiciary subcommittee hearing in Washington DC.
53.6%, about 1.5 million, of bachelor’s degree-holders under the age of 25 were jobless or underemployed as of last year, the highest share in at least 11 years.
According to government projections released last month, only three of the 30 occupations with the largest projected number of job openings by 2020 will require a bachelor’s degree or higher to fill the position:
*Most job openings are in professions such as retail sales, fast food and truck driving, jobs which aren’t easily replaced by computers.
You’ll probably have to move south.
Anchored by Texas, the southern U.S. was most likely to have young college graduates in higher-skill jobs.
You might be paying off your student loan debt well into your 80s.
The Washington Post reports:
Americans 60 and older still owe about $36 billion in student loans. More than 10 percent of those loans are delinquent. As a result, consumer advocates say, it is not uncommon for Social Security checks to be garnished or for debt collectors to harass borrowers in their 80s over student loans that are decades old.
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- Alonzojewels 7 Reasons You Might Want To Skip College and thinks it’s & Fail
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Brian H. a year agoFor heavens sake DO NOT get a student loan. Get scholarships, grants, a job, joing the military anything to avoid getting a student loan. It’s the closest thing we have to indentured servitude. The fact that they aren’t subject to bankruptcy is I believe unconstitutional. Our Founding Fathers put bankruptcy in the constitution because they wanted people to be able to discharge debt rather than have debt they could never ever pay back.
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Foozlesprite a year agoGuys, doing well in high school isn’t the only issue. I did amazingly in high school and got a full scholarship to the local 4 year college, but due to family issues I had to quit to take care of my family. Now I can’t get a scholarship because I’m not fresh out of school. I’m now working part time overnight at Walmart to pay my own way through college (also part time) because I can’t find a better job. Sometimes shit happens, even to the best of us.
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Prescott Moncrieff a year agoStudy your ass off and get a full ride. Graduating with lots of debt and working for near minimum wage is the new indentured servitude.
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- robins9 7 Reasons You Might Want To Skip College
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Prescott Moncrieff a year ago
#5 because everyone aspires to be in retail sales, fast food and truck driving jobs. While I agree that this college debt business (it is a business) is at an absurd level, telling someone to not bother with college because they can be a truck driver is a no-go.
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- Jennifer O. 7 Reasons You Might Want To Skip College and thinks it’s WTF & Fail
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Lentle a year ago
In Belgium you can go to college for only 700 dollars a year. If you can’t pay that amount, the government usually gives you a scholarship and university housing. Thanks to my university (KUL) I’m now studying abroad in Japan, while receiving 2 scholarships to pay for my expenses.
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crazy kat a year agoI went to community college for my first two years then I transferred to a reasonable school that had amazing scholarships and financial aid which helped me pay for my college. I’m going to school to be a guidance counselor or social worker. Haven’t figured which one to settle on just yet!
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Voss Pearson a year ago
Interesting, look at the correlation between the percentage of those in debt and states that generally have low educated workforce.
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The Angry Luddite a year agoYep, this is my boat. And it is currently sinking. It’s tricky. I want to say, “Get out there - pursue knowledge, leave your small town and diversify a little,” but… Golly. Slapping around giant bags of debt (with no guaranteed windfalls ahead to help one crawl out of said debt) does not feel so dandy, right now.
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IamMilania a year agoOne year out of college, I’m still free labor (interning)!!!!!! but i wouldn’t change my decision to go to college and be debt for anything. 4 of the best years of my life.
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