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phantom power

(25,966 posts)
Mon Feb 22, 2016, 12:01 PM Feb 2016

The Kids Today start life with a mortgage and no house.

Was talking with a 22-year-old the other day. She's going to graduate this year, with $30K in debt. Her degree is pretty unremarkable, sounds like it qualifies her to do some basic IT or web-design work. Nothing that's going to net her a great salary at the kind of entry-level she can expect. That's assuming she can get a job.

I have no idea what advice I'm going to give my daughter in a few years, when it's time for her to start thinking about where to go to college. Economically, it might make more sense to learn welding, or plumbing.

This lazy blogger could only find data back to 1976, so close enough. Average 4 year public university (on edit: annual) tuition (higher than community colleges) was about $1200 back then, which would be $5000 in today's dollars.

It ain't free, but it's certainly cheaper than what it is today, which is about $9400. Numbers are for in-state students, and are according to the internet which is never wrong.

I taught at UC-Irvine from 2000-2002. Even then you could kind of afford to pay your way through college, by working full time in summer and probably too many part time hours during the academic year. I had plenty of students who seemed to be doing that, though I certainly didn't know the full details of their situations. That isn't possible now, unless your summer job is something like "working at your Dad's car dealership."

The Kids Today start life with a mortgage and no house. Now we all agree they were stupid for borrowing so much money and going to college, but find me one prominent commenter, almost of all of whom went to elite schools, who said anything other than "an elite education is worth every penny!" pre-2007. That's what The Kids Today were told to do. More than that, pointless credentialing is now the norm. It's practically impossible to get a shitty entry level job in most careers without a college degree, and quite hard to get on a good path without a degree from a relatively "respectable" institution.

http://www.eschatonblog.com/2016/02/free-stuff.html
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The Kids Today start life with a mortgage and no house. (Original Post) phantom power Feb 2016 OP
My daughter just turned 14 AwakeAtLast Feb 2016 #1

AwakeAtLast

(14,130 posts)
1. My daughter just turned 14
Tue Feb 23, 2016, 12:25 AM
Feb 2016

I am right there with you. Our only saving grace: due to my husband's military disability, her college is paid for as long as she goes to a state school. What's she going to get that degree in? I have no idea where to steer her.

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