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>I'd imagine the younger generations will gradually stop pursuing these degrees because of the terrible ROI in terms of debt to future income. The problem with
by ricksta 14y ago
>I'd imagine the younger generations will gradually stop pursuing these degrees because of the terrible ROI in terms of debt to future income.
The problem with this is that most 17-18 year old don't have a sense of what ROI of their education will get them. Many of high-school graduates will be thinking "oh I like to read shakespeare so I'm going to major in English", and they probably have no idea how long the $100k will take to get paid off after their job.
I think if anything that will solve this problem once and for all is to make liberal arts minor degrees and only offer STEM as majors.
- ktizo 14y agoThat is a ludicrous suggestion. Even hard line soviets weren't that materialistic about education.
- reader5000 14y ago$100k STEM degrees aren't pumping out ROI either.
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- JoeAltmaier 14y agoHuh? My son did graduate work in CS at CMU. He's paying back his reasonable loans at a staggering rate; won't be in debt in a year or two after graduation. STEM is absolutely worth the money.
- rjbond3rd 14y agoJust curious, your son is paying back $100k in loans within 2 years of graduation?
- JoeAltmaier 14y agoDidn't have that big a loan; and yes, earns big money at a Silicon Valley startup doing JBoss programming.