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Quote de id10t
There needs to be more oversight on who gets student loans and what their degree track is, relating to the earning potential of that degree. Loaning someone $60k to go to med school, engineering school, etc. is a no brainer - any job they qualify for with that degree would pay enough to be able to pay the loans no problem. Basket weaving, Women's Studies, etc? Sure, you can get loans... but not for a lot of money.
Quote de Jferr006
A kid with a blue collar job, that afterall someone has to do, is better than an out of work college grad with student loans in huge pool of other college educated candidates. Perhaps it's below you but, it is possible to be happy and accomplished in life w/o out going to college and getting a desk job.
Spot on, both of you. My brother in law is a 23 year old truck driver that runs local routes (home every night), he makes around $70k in an area with low cost of living. I know a number of college grads that are lucky to make $40k. College is fine for all of that touchy-feely "well rounded" BS, but the bottom line is that you go to college to get a JOB. Otherwise you're just another well-rounded person with a pile of debt and no job, i.e. worthless to society. People that think simply getting a degree ensures your success in life are fools.
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I would love to know what he does...that seems way above the market value for that job, even here in Chicago.
You don't go to college to make money today, you go to make money tomorrow. What's his upside potential on threat $70k? It's a good amount of money at 23, it's no good at 33.
I graduated making $40k, headed toward $80k 3 years later. 3 years from now, 6 figures minimum.