posted on Feb, 17 2005 @ 02:01 PM
Statistically, the money a college graduate earns over his working life is a whole lot more than the tuition you (or your parents) pay. However, if
you were to take all tht tuition-and-books money now and stick it in your 401(k) you could, like as not, retire at age fifty as a millioniare.
But you're not going to do that if you're in your twenties or thirties, so it's probably not really an issue!
What is important is that a college graduate has a lot more choices of career than someone who has no education at all. A degree probably won't help
you advance in your chosen field, true; but it will get you a job there in the first place.
When I graduated from high school in 1963, like most kids, i didn't know what I wasnted to do, so I went into the service. When I got out I went to
a local community college and then the University of Maryland to get a degree in English Lit. I have always referred to this as a BAADC (Bachelor or
Arts in After-Dinner Conversation), but I was able to get a job as a teacher without the teaching certificate. That lasted for two years, but at
least I can say I know why I don't want to be a 5th-grade teacher; I was one!
Later, after having switched to the aerospace/defense business, I went back to school (in my forties) and took an engineering degree, because that's
where the money was. I never used it that much, but it kept the promotions and salary increases coming in. Now, at 60, I'm finishing up an MBA so I
can teach at a JUCO when I retire in 2007.
The reason I went to college was primarily to take fun courses, none of which led to either the BSE or the MBA; and to take the others, none of which
I was crazy about, to get the bux and security.
What you do is your choice, of course, but with the world getting more and more technical, the chances of you advancing in just about any job without
a four-year degree, regardless of its use, is pretty small.