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Topic	College degrees are beyond worthless now
Broseph_Stalin 06/19/21 3:32:08 PM #106:	CoorsLight posted... Absolute galaxy brain take there. incoming irony CoorsLight posted... Say, that's a fairly flat line... Because it's adjusted for inflation, maybe try reading the graph! CoorsLight posted... I wonder what the loans and tuition costs have looked like over that time So your link makes three really dumb points. That total student loan debt has now grown to $1.6 trillion. That sounds bad! Except when you realize the reason for growing debt is not the cost of a degree, but a greater amount of people getting a degree. Americans are three times more likely to graduate from college today than they were in the 70s. College has become more accessible, not more expensive. That median student loan debt today is $17,000. What does that degree get you? Median earnings for someone with a Bachelors degree are 75% higher than high school graduates, or $2.3 million over a lifetime. In what other world is turning $17k into $2.3 million considered a bad investment? It then list the average price of a degree over time to show how drastically the cost has apparently risen except... it doesn't even adjust for inflation! Talk about galaxy brain takes! So is the cost of a degree really many times what people in the past would have spent? Not really: https://twitter.com/jmhorp/status/1213150244160102400 And in fact the cost of a four year degree in recent decades is actually flat, even with greater demand and rising incomes. Oops. <cite>Broseph_Stalin posted [p:955209172] in College de... [t:79516012]...</cite> <quote>CoorsLight posted... </cite> <quote>Absolute galaxy brain take there.</quote> incoming irony CoorsLight posted... </cite> <quote>Say, that's a fairly flat line...</quote> Because it's adjusted for inflation, maybe try reading the graph! CoorsLight posted... </cite> <quote>I wonder what the loans and tuition costs have looked like over that time</quote> So your link makes three really dumb points. That total student loan debt has now grown to $1.6 trillion. That sounds bad! Except when you realize the reason for growing debt is not the cost of a degree, but a greater amount of people getting a degree. Americans are three times more likely to graduate from college today than they were in the 70s. College has become more accessible, not more expensive.That median student loan debt today is $17,000. What does that degree get you? Median earnings for someone with a Bachelors degree are 75% higher than high school graduates, or $2.3 million over a lifetime. In what other world is turning $17k into $2.3 million considered a bad investment? It then list the average price of a degree over time to show how drastically the cost has apparently risen except... it doesn't even adjust for inflation! Talk about galaxy brain takes! So is the cost of a degree really many times what people in the past would have spent? Not really:https://twitter.com/jmhorp/status/1213150244160102400 And in fact the cost of a four year degree in recent decades is actually flat, even with greater demand and rising incomes. Oops. </quote> ... Copied to Clipboard!
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