4 ms·

Right, but: - a child makes the decision - the main influences on the child probably don't impress on the child the need to analyse the decision rationally -

Right, but: - a child makes the decision - the main influences on the child probably don't impress on the child the need to analyse the decision rationally - even if the child tried to analyse it rationally, what % of prospective college students have the financial literacy to do that successfully? - even if they had the financial literacy, it's not like colleges provide useful data. Even this article talks about earnings uplift without isolating the impact of the degree (vs. existing increased prospects compared with typical HS grad).

notsureaboutpg 5y ago
No a child doesn't make the decision. Most people in college are 18, i.e. adults. We have to stop babying adults. Honestly a lot of smart 16 year olds could make the decision of how to spend their loan money wisely. If you are not adult enough to figure out how to invest a loan wisely, you are not adult enough to receive a loan in the first place.
shapefrog 5y ago
Unemplyment rate by qualificaion (ignoring participation rate which would skew these numbers far more to the side of getting qualified) https://www.bls.gov/news.release/empsit.t04.htm https://www.bls.gov/news.release/empsit.t04.htm: - HS dropout 9.5% - HS only 6.3% - Some college or associate degree 5.0% - Bachelor's degree and higher 3.1 %
- rahimnathwani 5y ago
  What conclusion do you draw from these data?
  - shapefrog 5y ago
    Go to university, even better if you can get your degree.
    - rahimnathwani 5y ago
      The data are not sufficient to support your conclusion. The data say nothing about: * The opportunity cost (of the time to get a degree) * Tuition costs * The $ returns in higher income Maybe getting a degree (any degree) reduces the chance of being unemployed, because Starbucks prefers to hire people with degrees than people without. But that doesn't mean getting a degree is worth the cost for everyone in every situation.
Akronymus 5y ago
> - even if the child tried to analyse it rationally, what % of prospective college students have the financial literacy to do that successfully? One of the MANY reasons I find that federally backed student loans should be stopped asap.

notsureaboutpg 5y ago

No a child doesn't make the decision. Most people in college are 18, i.e. adults. We have to stop babying adults. Honestly a lot of smart 16 year olds could make the decision of how to spend their loan money wisely. If you are not adult enough to figure out how to invest a loan wisely, you are not adult enough to receive a loan in the first place.

shapefrog 5y ago

Unemplyment rate by qualificaion (ignoring participation rate which would skew these numbers far more to the side of getting qualified) https://www.bls.gov/news.release/empsit.t04.htm https://www.bls.gov/news.release/empsit.t04.htm: - HS dropout 9.5% - HS only 6.3% - Some college or associate degree 5.0% - Bachelor's degree and higher 3.1 %

rahimnathwani 5y ago
What conclusion do you draw from these data?
- shapefrog 5y ago
  Go to university, even better if you can get your degree.
  - rahimnathwani 5y ago
    The data are not sufficient to support your conclusion. The data say nothing about: * The opportunity cost (of the time to get a degree) * Tuition costs * The $ returns in higher income Maybe getting a degree (any degree) reduces the chance of being unemployed, because Starbucks prefers to hire people with degrees than people without. But that doesn't mean getting a degree is worth the cost for everyone in every situation.

Akronymus 5y ago

> - even if the child tried to analyse it rationally, what % of prospective college students have the financial literacy to do that successfully? One of the MANY reasons I find that federally backed student loans should be stopped asap.