Actually, College Is Not Worth the Cost 2021

why college is not worth the cost
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21 Responses

  1. moutar says:

    Very interesting post! I agree, college is great but it’s definitely not for everyone and it’s not the best financial choice in every situation.

  2. most of the very top colleges now have a no student loan component to financial aid. there is a long list but they are all highly competitive to gain admission. if i had a kid, which i don’t, i would encourage them to apply to those schools. if you end up at a top liberal arts school like williams with no student loans your chances are pretty good. all that being said i think a lot of students will take an unnecessary loan just to have a more comfortable 4 years.

  3. Steveark says:

    I had three exceptional bright kids, and while they do have wealthy parents, college was still free to all three due to their academic prowess. In their case it paid off as it did for me. But I think the biggest key decision isn’t college vs. not college, it is selecting a high paying vocational major like engineering, IT, medical vs. something that ill prepares you for a good career. Liberal arts degrees have gone way down in value while STEM degrees have continued to provide payback.

    • Lisa says:

      IF 1) you want to be an engineer/IT/Med; 2) you are good at it; 3) you could not get your job without a college degree; 4) you end up liking your job(s) and are healthy enough to work them; and 5) you have reasonable or no debt, then college pays off. But that’s a lot of if’s.

      My point still stands though. You point out three bright hardworking wealthy kids did well after going to college. You can take this as evidence that college works, but I still suspect college is more a merit badge than a stepping stone and bright hardworking wealthy kids wouldn’t go hungry without it.

      And I’d like to point out that I’m a bright kid with a liberal arts degree, and I turned out….ok. =P

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