it depends very widely on where you go, what funding assistance you have, what you study, how good you are at networking, and how diligent you are with creating opportunities while you are there
there is a potential great deal of value in a college degree but it’s not as simple as “show up for classes and do okay” to get a return that’s worth a 200k+ investment.
If you work diligently to keep your gpa very high, create relationships with professors and TAs, pursue internships and research opportunities, and study a field that has a likelihood for roi your chances go up. If you pursue scholarships and grants to offset the cost this of course makes things even easier in the long run at the expense of (sometimes significantly) more effort now.
You can also do the 2ish years of community college and transfer in to a more “prestigious” school to save money. You can also just go to community college. However, arguably the reason that you go to the more “prestigious” school is not necessarily for a much higher quality education, but for better opportunities with regards to networking, internships, and research projects. By cutting your time in the school in half (or not at all) you may severely hamper your ability to participate in these.
Of course as with all things there is risk. Just ask all the kids graduating right now from excellent schools with 4.0 gpas and solid resumes with comp sci/machine learning/comp engineering/etc degrees who are dying to find any kind of work. They basically busted their ass for 17 years straight because everyone told them this was basically a guaranteed path to six figures at 22 and now they’re sitting in their parents house, resentful as hell, constantly browsing linkedin (willing to relocate anywhere in america at this point) in between shifts at best buy
Keep in mind with the two year transfer that some colleges, while they say they accept community college credits, may not count all the classes as equivalent replacements for their own graduation pre-reqs. You may have to redo some or take extras that cause you to spend 2.5 - 3 years at the four year college.
And even if they do accept every single credit, it may still not be all the required material, due to differences of what precise set of subjects were taught in the community college course vs. the exact class at that 4-year university that it is attempting to substituting for.
Someone will have better luck with courses further away from the path to the major degree than those that are closer to it.
It depends. College in the US is a really expensive entry ticket for lots of jobs (and for most of the well paying ones). Compared to universities in Germany (and from hearsay, other countries have more difficult, cheaper schools), there’s less work at a lower level, so you won’t learn as much (and it’s easier).
It’s possibly worth it if:
You’re just checking a box required for a well paying job you can reasonably expect to get after graduation
You’re not willing or able to study elsewhere
You’ve gotten into an Ivy League school or one with a great reputation for your specialty (RISD, Berkeley, Texas A&M, MIT, etc.).
First, let’s disregard the less tangible benefits of attending college. While I’m comfortable saying they’re “real,” they’re impossible to quantify and can be duplicated via other life experiences.
Given the huge number of jobs that have a degree as an initial filter, getting some bachelors’ degree from an accredited and “traditionally non-profit” college or university at a low relative cost is worth it. At the extreme end, two years of credits at a community college (with an eye towards transferring), followed by two more at the nearest state university, can be fairly low cost and low risk for the potential lifetime earnings bump.
Going to an Ivy or other famous door-opening institution is also worth it. Here’s where the doors that will be opened can actually be leveraged for opportunities to make even student loans a decent enough idea. You might even get a better education.
That huge gap in between is really just not worth it for most people who need a degree to get a job, at least not without someone else paying for it. There are always balancing priorities and uncertainties, but the middling liberal arts colleges and out-of-state football-factories of America are generally a terrible investment at the macro level, though even they still might be the right choice for particular students.
Taking out $300k of debt to attend Mount Froufrou College in Bumblefuck Indiana strikes me as the type of terrible (financial) decision that even an 18-year-old should know better than to take on.
Also note that many graduate programs are free* — if you don’t count lost wages or the cost of the prerequisite undergrad degree.
But it all depends on what you want, with a fair amount of luck thrown in IMHO. You can have a lousy job with or without a degree, and you can have a great career with or without one.
From ed.gov:
Overall, the median lifetime earnings for all workers are $1.7 million, which is just under $42,000 per year ($20 per hour). Over a 40-year career, those who didn’t earn a high school diploma or GED are expected to bring in less than $1 million, which translates into slightly more than $24,000 a year ($11.70 per hour).
*Or rather, funded by your research/TA/etc.
four year. I would say not anymore. Associates yeah. It sorta depends on wealth. If your parents can pay for it and you won’t be saddled with loans and maybe they can help you with a home then it might work out as its the debt that really sinks it. Also having connections to get a higher paying position in your field. thing is most studies look at lifetime earnings which means its really telling you the average of how worth it over the last four decades or so with a bias toward four decades ago as opposed to right now. I graduated in 95 and had a luxury car level loan. I feel like I barely sorta made it out at that level and don’t think I could do one today. A lot of things are different this millenium over last.
