4 ms·
> Thousands of Americans are debt slaves for the rest of their life because they followed the consensus of "good" advice. The OP was asking for advice regardin
by frostmatthew 12y ago
> Thousands of Americans are debt slaves for the rest of their life because they followed the consensus of "good" advice.
The OP was asking for advice regarding a CS degree - high pay and low unemployment probably means there aren't many people in this field that could be considered "debt slaves" - regardless of the increasing cost of a degree.
While I agree higher education costs have gone up far more than they should have over the last decade or two generally speaking a degree is still worth it:
- "Despite these worrisome trends, going to college relative to not going still yields an annual rate of return of 15%" [1]
- "millennial workers with only a high school education earned 61.5% of the annual income of similarly aged adults with a bachelor's degree" [2]
- "workers with a bachelor's degree still earn about 75% more than high school grads, and over a lifetime, that payoff is huge" [3]
[1] http://blogs.wsj.com/washwire/2014/07/10/the-grim-reason-college-is-still-worth-its-cost/ http://blogs.wsj.com/washwire/2014/07/10/the-grim-reason-col...
[2] http://www.latimes.com/business/la-fi-mo-earnings-college-premium-0140211-story.html http://www.latimes.com/business/la-fi-mo-earnings-college-pr...
[3] http://money.cnn.com/2014/06/24/news/economy/college-worth-it/ http://money.cnn.com/2014/06/24/news/economy/college-worth-i...