<p>Footballmom - he’s 13 (maybe 14). A lot of 13-year-olds, especially 13-year-old boys, are not interested in school - they’ve got other developmental activities to worry about (puberty). A lot will happen between now and senior year of high school.</p>
<p>Yes! Think about it, if you go straight from high school and find a ~$15/hour job, you could be bringing home about 30k a year (plus taxes). Over 4 years, that’s 120k!!! Whereas the college graduate, after 4 years, could be incurring a loss of 50-60k. That’s a difference of about 200k! That’s a lambo man!</p>
<p>Assuming that you do find a job that pays $15/hour with a high school diploma (and after taxes that’s more like $25,000 a year, not the full $30K), over four years, yes it would be about $100,000. Assuming that the average college graduate incurs debt of only around $30K total for a bachelor’s degree, initially yes, the bachelor’s degree recipient has a loss of $130,000. However, considering that salary research shows over a lifetime bachelor’s degree recipients make on average $1 million more during a working lifetime (median personal income data supports that finding - and may make more, since the service and information jobs you can work with a bachelor’s degree may allow you to work longer than the more physical labor of vo/tech jobs), after that time the bachelor’s degree recipient is up over $850,000 (factoring in interest). Even if a person unwisely borrowed $100,000 for an undergraduate education, plus interest, paid over 25 years…that’s still an almost $700,000 gain over a working lifetime.</p>
<p>Not to mention that college graduates also have more wealth, are more likely to report better health, and have a range of other protective factors associated with earning that degree. And your social security benefits after age 65 are based upon what you made when you worked.</p>
<p>College is not for everyone, and I think that many people with careful career planning can be very successful without a degree. In fact, I think each high school senior should carefully consider the costs and benefits of attending college versus going into a lucrative and enjoyable technical career. On the other hand, though, I don’t want people to delude themselves about the cost-versus-benefit of college degrees - for the average person who balances debt wisely, the benefits are going to outweigh the costs.</p>