The Wall Street Journal says “As college graduates in the Class of 2014 prepare to shift their tassels and accept their diplomas, they leave school with one discouraging distinction: They’re the most indebted class ever.”
I have often wondered if my choice to go back to school was a good one based on my situation. I was 32 and had no degree to speak of, but I was already deep into a career that required a degree. I was very fortunate to get into IT work during the boom when all you needed was a warm body and some aptitude. (which thanks to my parents getting me a C64 when I was 8, I had in spades) Did I really need to go back to school? Probably not, I took on some debt to do it although because of the program I was able to complete my degree in from 0-BA in two years. In working with a lot of college grads who are now turning to a bleak job market I have to wonder how much longer we will swallow the bitter pill of college.
There are some careers are always going to need a degree, but it seems like apprentice programs and boot camps would serve many people better in the log run. If you are going to take out a small mortgage for a career that pays $30,000 a year it isn’t a good investment or good stewardship of your money. I hope things turn around before my girls are old enough to face this ever growing mountain of debt.
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