Just How Hard is University to Overcome
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Something a lot of people miss as well is that making $50K / year for 40 years is way better than making $100K / year for 20 years because of taxes. You'll pay far, far higher percentages in taxes for the same income. Same thing for college grads. Because they compress their earnings into a shorter career lifespan, and rely on higher annual income, they pay a higher tax rate for that.
So higher taxes and working against the time value of money. It adds up.
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I wish I had invested a portion of my college fund, also wish I didn't waste 6 years of my life and loan debt on a degree I won't use....but hindsight is 20/20.
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@biglittle said in Just How Hard is University to Overcome:
I wish I had invested a portion of my college fund, also wish I didn't waste 6 years of my life and loan debt on a degree I won't use....but hindsight is 20/20.
I'm right there with you.
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I was lucky that my tuition was super low, and I commuted.
I also stopped going to class to work in the computer repair shop.
So yeah, I might have missed out on some money making opportunities, but hey I got to be a pretty decent Mortal Kombat player.
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In Missouri, we have what is called the A+ program. HS kids go through a program and have to meet certain requirements. Once they do, their first two years of college at a community college is free. My kids are doing this.
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@penguinwrangler said in Just How Hard is University to Overcome:
In Missouri, we have what is called the A+ program. HS kids go through a program and have to meet certain requirements. Once they do, their first two years of college at a community college is free. My kids are doing this.
It's not just cost though. It's also invested time. Time spent on a college campus is time not earning money.
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@coliver said in Just How Hard is University to Overcome:
@penguinwrangler said in Just How Hard is University to Overcome:
In Missouri, we have what is called the A+ program. HS kids go through a program and have to meet certain requirements. Once they do, their first two years of college at a community college is free. My kids are doing this.
It's not just cost though. It's also invested time. Time spent on a college campus is time not earning money.
I don't even want to think about the hours I spent at my first degree....
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@coliver True but my kids will be working while going to college. They know that is expected of them.
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@quixoticjeremy said in Just How Hard is University to Overcome:
@coliver said in Just How Hard is University to Overcome:
@penguinwrangler said in Just How Hard is University to Overcome:
In Missouri, we have what is called the A+ program. HS kids go through a program and have to meet certain requirements. Once they do, their first two years of college at a community college is free. My kids are doing this.
It's not just cost though. It's also invested time. Time spent on a college campus is time not earning money.
I don't even want to think about the hours I spent at my first degree....
I calculated two semesters at grad school. It was 80-90 hours a week.
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@coliver said in Just How Hard is University to Overcome:
@quixoticjeremy said in Just How Hard is University to Overcome:
@coliver said in Just How Hard is University to Overcome:
@penguinwrangler said in Just How Hard is University to Overcome:
In Missouri, we have what is called the A+ program. HS kids go through a program and have to meet certain requirements. Once they do, their first two years of college at a community college is free. My kids are doing this.
It's not just cost though. It's also invested time. Time spent on a college campus is time not earning money.
I don't even want to think about the hours I spent at my first degree....
I calculated two semesters at grad school. It was 80-90 hours a week.
My first degree was Vocal performance at the #3 undergrad (at the time) school for music. My average was 22 credit hour semesters and if you know music degrees, every rehearsal, practice, and many of the classes are 0 credit hours. My first class started at 7 am each semester and I was in bed around 1-2 am every night (not including late night study benders etc).
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@penguinwrangler said in Just How Hard is University to Overcome:
@coliver True but my kids will be working while going to college. They know that is expected of them.
Here comes @scottalanmiller's rebuttal in 3...2...1...
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@penguinwrangler said in Just How Hard is University to Overcome:
@coliver True but my kids will be working while going to college. They know that is expected of them.
But what about all of the better things they can do with their time instead of wasting it on college time... Well depending on their chosen career.
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@tim_g said in Just How Hard is University to Overcome:
For example...
if I came to you for a management position with only a bunch of IT experience with MCSEs and Linux certs
versus:
someone else coming to you with a bunch of IT experience, MCSEs and Linux certs, plus an MBA...
Which would you choose?
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@penguinwrangler said in Just How Hard is University to Overcome:
In Missouri, we have what is called the A+ program. HS kids go through a program and have to meet certain requirements. Once they do, their first two years of college at a community college is free. My kids are doing this.
SUNY (State University of NY) is all free now, except for the extremely wealthy, I'm told. It is a new program, so I know basically nothing about it. And SUNY is one of the top college names in the world.
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@coliver said in Just How Hard is University to Overcome:
@penguinwrangler said in Just How Hard is University to Overcome:
In Missouri, we have what is called the A+ program. HS kids go through a program and have to meet certain requirements. Once they do, their first two years of college at a community college is free. My kids are doing this.
It's not just cost though. It's also invested time. Time spent on a college campus is time not earning money.
And time not learning useful stuff.
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@penguinwrangler said in Just How Hard is University to Overcome:
@coliver True but my kids will be working while going to college. They know that is expected of them.
I did too. But I could have worked so much more had I not been in classes wasting time.
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@coliver said in Just How Hard is University to Overcome:
@quixoticjeremy said in Just How Hard is University to Overcome:
@coliver said in Just How Hard is University to Overcome:
@penguinwrangler said in Just How Hard is University to Overcome:
In Missouri, we have what is called the A+ program. HS kids go through a program and have to meet certain requirements. Once they do, their first two years of college at a community college is free. My kids are doing this.
It's not just cost though. It's also invested time. Time spent on a college campus is time not earning money.
I don't even want to think about the hours I spent at my first degree....
I calculated two semesters at grad school. It was 80-90 hours a week.
Yeah, think about what kind of career you could have built with that time! Even at $10/hr, that is a lot of money.
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@tim_g said in Just How Hard is University to Overcome:
@penguinwrangler said in Just How Hard is University to Overcome:
@coliver True but my kids will be working while going to college. They know that is expected of them.
But what about all of the better things they can do with their time instead of wasting it on college time... Well depending on their chosen career.
Exactly. That's the biggest thing; the cost of lost opportunities. Had I been in college, I would have missed out on so many huge career leaps. They say you "make your own luck" and college makes luck have a harder time finding you.
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@scottalanmiller said in Just How Hard is University to Overcome:
@penguinwrangler said in Just How Hard is University to Overcome:
In Missouri, we have what is called the A+ program. HS kids go through a program and have to meet certain requirements. Once they do, their first two years of college at a community college is free. My kids are doing this.
SUNY (State University of NY) is all free now, except for the extremely wealthy, I'm told. It is a new program, so I know basically nothing about it. And SUNY is one of the top college names in the world.
It's free for the low end of the income bracket. There are a number of stipulation that go along with the excelsior scholarship.
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@coliver said in Just How Hard is University to Overcome:
@scottalanmiller said in Just How Hard is University to Overcome:
@penguinwrangler said in Just How Hard is University to Overcome:
In Missouri, we have what is called the A+ program. HS kids go through a program and have to meet certain requirements. Once they do, their first two years of college at a community college is free. My kids are doing this.
SUNY (State University of NY) is all free now, except for the extremely wealthy, I'm told. It is a new program, so I know basically nothing about it. And SUNY is one of the top college names in the world.
It's free for the low end of the income bracket. There are a number of stipulation that go along with the excelsior scholarship.
Actually as someone who lives here, it's not just simply the low end, it is a large portion of the populace that seems to be receiving it. Quite a few of my friends have gone back to or are attending college purely because of this program, none of them being exceedingly poor.
