Episode 8
A College Conversation (Part 1)
Should you go to College or Not? Is College worth the Financial Investment?
Timeline:
01:28 - Introducing the guest speaker- Zach.
02:09 - Zach’s High School - College experience and why he dropped out.
06:13 - Top 10 Highest-paying & Lowest-paying degrees and their average salaries.
07:02 - Before spending a lot of money on a degree, consider if the Return of Investment (ROI) is worth it.
08:40 - The Student-Loan-Debt problem.
11:13 - The Pros and Cons; College is an option, but it’s not the only option.
12:45 - Use statistical data to estimate the VALUE of your DEGREE before investing in it.
25:00 - College is not designed for everybody.
25:50 - Average earnings for workers based on educational attainment.
29:00 - Don’t pursue worthless degrees and huge volumes of student loan debt for no justifiable reason.
Keywords:
College, Degree, Student Loan Debt, Return on Investment.
Key Takeaways:
“A lot of people are spending a lot of money for college degrees but the return on investment isn’t that much”
“If you find a better opportunity to pursue something that gives you a better return on investment, … take advantage of it.”
“A college degree does not guarantee you are employable”.
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Music By: Lakely Inspired
The Success Code Podcast: https://www.podbean.com/ei/pb-kdac6-e60515
References:
The Most Valuable College Majors, Ranked: https://www.bankrate.com/career/most-valuable-college-majors/
Student Loan Debt Statistics:
https://educationdata.org/student-loan-debt-statistics/
Educational Attainment in the United States (Salary, Demographics, Statistics):
https://statisticalatlas.com/United-States/Educational-Attainment