Originally Posted by shayinme
Yet that education costs so am I really all that better off? I still live hand to mouth in a certain sense.
That is basically the reason I have decided to stop. I have my BA and it is not worth much. It is not worth nothing, but I am glad I stopped spending on my education when I did. I later learned that it is not financially wise to spend more than 2/3 what you think you will realistically make in the first year out of school on student debt. I think this is good advice for the vast majority of majors. I was lucky in that I found my husband, graduated a lot quicker, and moved abroad before I went over the 2/3 debt marker. Otherwise, I am sure I would be in a lot more debt. I could be a student forever if you let me. Idiotically enough, I never gave much thought to student debt until I was about to seriously graduate and then it really hit me how stupid I had been with it and I began to question if the vast majority of it was really necessary or worth it. I was really dumb and bought into the whole "Debt doesn't matter when you have your degree!" line of shit. Also I feel really suckered into the second line "There are no good jobs without a college degree!". That is not true either.
I would have to start all over again if I really wanted a degree that had real earning potential. Beyond that, there are few degrees with real earning potential that I have a natural aptitude for. For the moment, I have decided that it is not worth it to go further into debt and I will just make due with what I have. I would like to go back, but I don't know when. I would strongly prefer an employer pay for it this time. Barring that, maybe one or two classes a year at the community college. It is just all so expensive, even if you are working to support it, doing the frugal thing. My brother brought home his books for next semester, $650. FOR BOOKS. Not the class, just the books. And he bought used where he could.
Like the housing bubble, I think there is an education bubble. As long as all the free money is being handed out like candy (and it truly is), prices will rise and rise. Eventually, it will all collapse. The cost of higher ed can't keep inflating like it is forever. Something has to give. Tuition at my alma mater is nearly twice what it was when I started 7-8 years ago.
Oh and I guess on topic, it is too complicated to compare my economic status now against my economic status growing up. This might be a better question to ask me in 4-6 months.