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As someone who went to three different colleges to end up with one unused degree, I have pretty mixed feelings on the worth-it factor. Financially, I don't thin
by manifestsilence 8y ago
As someone who went to three different colleges to end up with one unused degree, I have pretty mixed feelings on the worth-it factor. Financially, I don't think it really opened the door through which I now make money, and I think this is increasingly true, that the debt from college is a barrier to entrepreneurship more than the knowledge opens doors.
In terms of development and fulfillment, it's harder to say. But I don't think the social time I got was quality social time. Instead of just being around a bunch of 18-22 year olds, I think I would have gotten a lot more out of traveling the world and meeting people from diverse backgrounds and of diverse ages. College culture just modeled how to be stressed, procrastinate and abuse alcohol.
That being said, what I did study there (music), I would have had a very hard time pursuing to the degree I did without that environment, so depending on what one studies it may be worth it. All in all, I'm leery of the college experience and how heavily it is sold as a cure-all for a person's future. Kind of a sneaky debt-engine if you ask me.
- toomuchtodo 8y agoI really appreciate your comment. I've put five figures away for each of my kids already in investment accounts, and I get hassled by family with questions like, "What about college? Why didn't you put it in a 529 plan?" I respond with, "What if they want to start a business?" which always gets me a blank stare, like it's Frodo taking the ring to Mordor. Maybe college improves in the future. Maybe taxes go up a bit and college becomes free in the US (or we live somewhere developed like Europe where college costs are minimal). With that said, I have to plan for a future where college isn't the only path to success for my children.
- jedberg 8y agoI too have saved a bunch of money for my kids and none of it is in a 529. For the exact same reason. Maybe they won’t want to go to college.
- toomuchtodo 8y agoI applaud your foresight.