College is Not Worth the Cost: Only 15% of Students Benefit from Attending College

why college is not worth the cost
Photo by Pixabay on

You may also like...

23 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

  1. January 29, 2020

    […] Why College Is Often Not Worth the Cost (A Lawyer and Her Money). I never knew about the Uncollege movement and now I’m intrigued! A scholarship to NOT go to college? Tell me more… […]

  2. June 9, 2020

    […] of people get in trouble by making big bets that they don’t think are risky. Like spending $200,000 on a college education. But even with high-paying jobs, these are risky bets. You could still end up hating your […]

  3. June 10, 2020

    […] true that college has gotten so expensive that it doesn’t make good sense to go unless a degree is required for a lucrative career. But […]

  4. June 21, 2020

    […] written about why students should think twice (and perhaps three or four times) before enrolling in college and law […]

  5. July 23, 2020

    […] example, Jill goes to college, gets a great job and easily pays off her loans. Jill did everything right. Jack goes to college, […]

  6. October 14, 2020

    […] We need to talk about out-of-control higher education costs and how easy it is to get into ridiculous amounts of debt for low-paying […]

  7. October 20, 2020

    […] slightly. The rising cost of law school tuition should give any potential law student pause. My last post touched on how the rising cost of college should encourage more students to think critically before […]

  8. November 10, 2020

    […] was a great decision for Mark Zuckerberg and Bill Gates to drop out of college to start their own […]

  9. December 7, 2020

    […] my post Why College is Not Worth the Cost, I argue that the high cost and low value of college ensure that it’s a losing investment for […]

  10. January 3, 2021

    […] some loan forgiveness. No one really argues with the financial argument I make in my article, college is not worth the cost. But they fight with the idea still the same. It’s hard to wrap your mind against such a […]

  11. January 3, 2021

    […] get a lot of pushback when I say that college isn’t worth it for many people. But the math is undeniable. The problem is that college is so […]

  12. January 4, 2021

    […] Student loans are the 800-pound elephant in the room. You have to address them before you can plan to leave your law firm job. In fact, student loans are so monumental that you should carefully consider them before law school, during, and while you’re working at a law firm. You really need a plan to attack your debt, from law school and college. […]

  13. January 4, 2021

    […] written about why students should think twice (and perhaps three or four times) before enrolling in college and law school for financial […]

  14. April 14, 2021

    […] If you do decide to go to college, the most critical thing to understand is how much you can realistically earn after graduating because some degrees have an extremely poor return on investment. (For some compelling reasons as to why college may not be worth the cost, read this article: […]

  15. April 30, 2021

    […] Lisa. “Actually, College is Not Worth the Cost 2021.” A Lawyer and her money. April 3, 2021.  […]