Should you go to College or Not? Is College worth the Financial Investment? Timeline: 01:28 - Introducing the guest speaker- Zach. 02:09 - Zach’s High School - College experience and why he dropped out. 06:13 - Top 10 Highest-paying & Lowest-paying degrees and their average salaries. 07:02 - Before spending a lot of money on a degree, consider if the Return of Investment (ROI) is worth it. 08:40 - The Student-Loan-Debt problem. 11:13 - The Pros and Cons; College is an option, but it’s not the only option. 12:45 - Use statistical data to estimate the VALUE of your DEGREE before investing in it. 25:00 - College is not designed for everybody. 25:50 - Average earnings for workers based on educational attainment. 29:00 - Don’t pursue worthless degrees and huge volumes of student loan debt for no justifiable reason. Keywords: College, Degree, Student Loan Debt, Return on Investment.
Key Takeaways:
“A lot of people are spending a lot of money for college degrees but the return on investment isn’t that much” “If you find a better opportunity to pursue something that gives you a better return on investment, … take advantage of it.” “A college degree does not guarantee you are employable”.
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References: The Most Valuable College Majors, Ranked: https://www.bankrate.com/career/most-valuable-college-majors/ (https://www.bankrate.com/career/most-valuable-college-majors/)
Student Loan Debt Statistics: https://educationdata.org/student-loan-debt-statistics/ (https://educationdata.org/student-loan-debt-statistics/)
Educational Attainment in the United States (Salary, Demographics, Statistics): https://statisticalatlas.com/United-States/Educational-Attainment (https://statisticalatlas.com/United-States/Educational-Attainment)