"… At a time when Americans are saddled with mounting student loan debt, the bad news for some is that the earnings potential associated with certain careers may not do much to offset the cost of their education.
GOBankingRates looked at the cost of different degrees, median salaries and potential earnings after 30 years, to determine which professionals may have a harder time getting by.
Here’s a look at some of the careers that didn’t seem to be worth the price of their degree:" …
I saw a meme of this young construction worker standing at a jobsite. He had a broad smile. The caption read “The look you get when you realize that you earn more money than the teacher who told you that you would never amount to anything without a college degree.”
Sorry, but kind of “fake news.” No clue where they get their cost estimates. Sure, maybe full tilt eastern private schools. But “directional” instate schools are way less.
If you want one of those fine careers, then make sure you go to an appropriately priced school and seek out as much aid as possible. Certainly, don’t go into significant debt.
@yourmama GoBankingRates, who wrote the original article the Fox Business article is based on, clearly explained at the end of it where they got their cost estimates.
No, it doesn’t make it accurate. The old saw about lies, damn lies and statistics comes into play with this kind of “analysis”. They took the average cost of a certain degree, assigned that degree arbitrarily to a single job title and found the average salary for that job. It’s lazy and misleading click bait.
I agree, it’s fake news, which isn’t surprising. It’s another anti-college screed by people who want to shut down college to everybody but the rich.
Most teachers are educated in one of the very good, low cost, public colleges. If somebody wants to be an elementary teacher, they are not going to take out $27,000 in loans to go OOS to an expensive colleges or an Ivy. they’re going to go to a good public school in the state in which they live, which will ikely be well inside their budget, without the need for a large student loan.
An Illustrator or a graphic designer do not need to get a fine arts degree at a school which costs $45,000 a year. An associate’s degree at a community college is enough, and that costs a fraction of the $183,000 that this dumb article claims
A Human Services Worker does not need a psychology degree, they need a social worker’s degree, and you can study for those, like for an education degree, at any one of the hundreds of public colleges, which have an annual price of $20,000 or so, not $40,000.
Etc, etc, etc. The person who wrote the article has no idea at all about any of these occupation, she simply looked up the colleges with the most expensive degrees, and looked up the lowest pay for each degree.
I wouldn’t trust FoxNews on this report. The better site is Georgetown Universities effort Center for Education and the Workforce. They are advocating for schools to report actual salary info by degrees and not just averages. The average salary of a college graduate is misleading and leads to over-borrowing.