Congratulations to Class of 2014, Most Indebted Ever

Congratulations to Class of 2014, Most Indebted Ever

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.

HT to: http://ift.tt/UVpGPS

About the author

Jason administrator

Jason is the founder of Considering Stewardship he has a passion for helping people to steward all of their resources as gifts from God. Time, money, and Talent.

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