Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 33

Thread: Federal Reserve Warns That "College May Not Pay Off for Everyone"

  1. #21
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Yesterday @ 09:51 PM
    Gender
    Lean
    Conservative
    Posts
    26,321

    Re: Federal Reserve Warns That "College May Not Pay Off for Everyone"

    Quote Originally Posted by 99percenter View Post
    Just don't get a blow off degree. Do something in computer science or engineering. I have a lot of friends that majored in history and psychology in the hopes that the easy classes would lead to a high GPA and med school. They never got into med school and now are struggling to find work. Always get a degree that matters.

    Not everyone is cut out to be and engineer or cut out for Computer science.

    A buddy of mine had asperations of getting a degree in Engineering but couldn't get past Calc 1.

    Had to switch his major and went into Law enforcement.

  2. #22
    Guru
    99percenter's Avatar
    Join Date
    Oct 2011
    Location
    Chicago
    Last Seen
    Yesterday @ 11:20 PM
    Gender
    Lean
    Very Conservative
    Posts
    4,076

    Re: Federal Reserve Warns That "College May Not Pay Off for Everyone"

    Quote Originally Posted by Fenton View Post
    Not everyone is cut out to be and engineer or cut out for Computer science.

    A buddy of mine had asperations of getting a degree in Engineering but couldn't get past Calc 1.

    Had to switch his major and went into Law enforcement.
    I never said it was for everyone. It's not. I'm just saying if beats getting blow-off degrees. your friend did the right thing, but if he instead decided to pursue a BA in photography it would have been the wrong thing.
    bears, bulls, white sox fan 4 life!!!

  3. #23
    Sage

    Join Date
    Dec 2013
    Last Seen
    Yesterday @ 10:58 PM
    Lean
    Undisclosed
    Posts
    30,718

    Re: Federal Reserve Warns That "College May Not Pay Off for Everyone"

    Quote Originally Posted by DA60 View Post
    'College May Not Pay Off for Everyone

    Jaison R. Abel and Richard Deitz

    In our recent Current Issues article and blog post on the value of a college degree, we showed that the economic benefits of a bachelor’s degree still far outweigh the costs. However, this does not mean that college is a good investment for everyone. Our work, like the work of many others who come to a similar conclusion, is based in large part on the empirical observation that the average wages of college graduates are significantly higher than the average wages of those with only a high school diploma. However, not all college students come from Lake Wobegon, where “all of the children are above average.” In this post, we show that a good number of college graduates earn wages that are not materially different from those of the typical worker with just a high school diploma. This suggests that, at least from an economic perspective, college may not pay off for a significant number of people.'




    http://libertystreeteconomics.typepa...5dc1970b-800wi


    So, according to the above, if you're in the bottom 25 percentile of college students, financially speaking, college will do you more harm then good (virtually the same income plus college costs/debt).
    I really wish that someone would look at the degree's some of these kids are getting and what fields of study they are going into.

    Someone that goes into a hard major such as
    science, math, engineering, computer science etc ... is not going to have a hard time finding a job or getting to the next level.

    if you go into the soft majors like socialolgy or liberal arts or women studies or some other off beat path degree then yea you are going to have a hard time landing a job and making good money.

    they really need to look at student majors instead of just general based assumptions.

    there are some degree's that are going to pay off more than others.

  4. #24
    Sage

    Join Date
    Dec 2013
    Last Seen
    Yesterday @ 10:58 PM
    Lean
    Undisclosed
    Posts
    30,718

    Re: Federal Reserve Warns That "College May Not Pay Off for Everyone"

    Quote Originally Posted by 99percenter View Post
    I never said it was for everyone. It's not. I'm just saying if beats getting blow-off degrees. your friend did the right thing, but if he instead decided to pursue a BA in photography it would have been the wrong thing.
    not really photography is a good business and people make a lot of money in it. the key thing to photography is to get in early and do your interships.
    you need a lot of real world experience in photography in order to make it in that business.

    it is a high risk high reward type of situation but it can pay off if you put in the work.

  5. #25
    Sage

    Join Date
    Dec 2013
    Last Seen
    Yesterday @ 10:58 PM
    Lean
    Undisclosed
    Posts
    30,718

    Re: Federal Reserve Warns That "College May Not Pay Off for Everyone"

    Quote Originally Posted by Fenton View Post
    Yep, journalism degrees when Newspapers across the Nation are being sold off for the value of their building and nothing else.

    Ridiculous.
    Communications is the new journalism. i would never talk anyone into a journalism degree i would put them in a communications degree.

  6. #26
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    12-15-17 @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

    Re: Federal Reserve Warns That "College May Not Pay Off for Everyone"

    Quote Originally Posted by gdgyva View Post
    the basic stem degrees will still make you a decent living MOST of the time

    other degrees will get you jobs in sales, or maybe in your field

    spending 80k to get a degree in sociology or history is absolutely freaking nuts

    every year, the university of missouri graduates more and more people with journalism degrees

    there arent enough jobs in the total field to give people jobs who already had degrees, much less the new graduates

    yet....we continue on the merry-go-round

    parents need to be more active....and kids need to be aware of what college can and cant do

    it may be your dream field.....just be aware that dream could soon be a nightmare
    Universities need to stop selling bull**** degrees.

    The 10 Worst College Majors - Forbes
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  7. #27
    Banned
    Join Date
    Jun 2006
    Last Seen
    08-29-17 @ 09:28 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    16,575

    Re: Federal Reserve Warns That "College May Not Pay Off for Everyone"

    College will not pay for everyone if they go for a degree that is not in demand. There isn't a high demand for a philosophy major compared to other degrees.

  8. #28
    Banned
    Join Date
    Jun 2006
    Last Seen
    08-29-17 @ 09:28 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    16,575

    Re: Federal Reserve Warns That "College May Not Pay Off for Everyone"

    Quote Originally Posted by American View Post
    Universities need to stop selling bull**** degrees.

    The 10 Worst College Majors - Forbes
    I don't think they need to stop selling them if there is a market for them, however, I would say that federal student loans should treat those as high risk and not allow the federal student loan program to be used for them.

    Had a friend who went for a Masters in History but he paid for it on his own without the federal student loan program.

  9. #29
    Guru
    99percenter's Avatar
    Join Date
    Oct 2011
    Location
    Chicago
    Last Seen
    Yesterday @ 11:20 PM
    Gender
    Lean
    Very Conservative
    Posts
    4,076

    Re: Federal Reserve Warns That "College May Not Pay Off for Everyone"

    Quote Originally Posted by ludin View Post
    not really photography is a good business and people make a lot of money in it. the key thing to photography is to get in early and do your interships.
    you need a lot of real world experience in photography in order to make it in that business.

    it is a high risk high reward type of situation but it can pay off if you put in the work.
    The key to photography is having a nice expensive camera, not a nice expensive degree.
    bears, bulls, white sox fan 4 life!!!

  10. #30
    Sage

    Join Date
    Dec 2013
    Last Seen
    Yesterday @ 10:58 PM
    Lean
    Undisclosed
    Posts
    30,718

    Re: Federal Reserve Warns That "College May Not Pay Off for Everyone"

    Quote Originally Posted by 99percenter View Post
    The key to photography is having a nice expensive camera, not a nice expensive degree.
    it doesn't matter what kind of camera or how expensive the camera is if you don't know how to use it.
    i have seen some of those high end camera's they have more options and more settings than i even care to know about or how to operate.

    however someone with a photography degree would or should know how to use them.

Page 3 of 4 FirstFirst 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •