Is it really way to expensive though? I will graduate with just shy of 40k in debt, and a 100k+ job. That is imho a great investment. I think the biggest problems with college is that too many view it as just a piece of paper and simply a continuation of high school. I went back to school after a decade from graduating from high school, and while I wouldn't say that college is perfect, I appreciate that they exist what they are for.
I will graduate with just shy of 40k in debt, and a 100k+ job. That is imho a great investment.
That's not enough information to tell you if it's a good investment or not. What would the next best alternative be? Unemployment? A 70k job? And remember that you didn't just lose 40k - you also lost the potential income you could be earning during those years. Assuming that job would earn you 40k/year of disposable income, and you went to college for five years, you actually forwent $240k, not just $40k.
I gave up about 15k in salary per year(I continued to make money while in school). I also only took 4 years. So I gave up 100k and accounting for inflation my break even point is about 2.5 years.
