Oh that wonderful piece of paper that society has presented to the world as a career securer and foundation for employment. You graduate high school, find a college to attend, and then finish with a degree which will open doors to financial security and opportunity, and a good job after completion right? Well what they fail to mention is that you will be in years of debt, potentially the rest of your life if you borrow student loans to assist with your tuition. Now there are many factors to this that can potentially help, but it can also back fire.
When attending college most of us cannot pay out of pocket. Lets be real, we are trying to start our career, so working is put on the back burner, and school becomes priority so we can get finished. In return the odds of us paying out of pocket are slim in most cases. This requires us to get financial assistance which is a student loan. There are many out there but the most common is federal because its not income or credit based. All need based. So 90% of American hold some form of loan debt regardless big or small. Depending on the school you are attending will determaine the amount of debt you ill carry. I am all for making payments out of pocket and only borrowing what you need. Regardless, you will hold some form of debt.
Do we really get a return on investment? In many cases yes! I myself hold a bachelors and Masters degree and make decent money in my career. On the flip side, a large portion of my income goes to my student loan debt especially holding two degrees. I know folks who make as much or more than me, and do not have loan debt. Now granted, they can be one paycheck away from making that income because of not having the same job security, but a large part of their income does not go to loan debt. So it brings me to the questions, would it be more beneficial to try and start a small business after high school, take years to graduate college and not borrow any money?
Do degree really make a difference in today’s society? Think about You-tubers or social media influencers who have started their own business, and get paid for ads or promotion? There is so many ways to work for yourself these days, is school even worth it, or should we all learn based on experiences and networking? What is your thoughts on this subject?