Pay My Tuition!
One thing we've been hearing and reading a lot about lately is the increased cost of college tuition, such as in this recent piece from the WSJ. Anyone who has seen the Occupy Wall Street protest news probably noticed a lot of the younger folks are upset that they are up to their necks in college loans and don't have jobs. Although a college degree does not guarantee you a well paying job, it has long been expected in this country that earning a degree would definitely help out in the long run. Today, a lot of people are beginning to question whether this is still true, or true enough to justify the increasing expense. My friend and TradeKing co-founder Kevin Corrigan is one who thinks it isn't. He has a 13 year-old son and, looking forward, thinks that spending on college might be a waste. "Unless he gets a big-time scholarship, he should be a fireman, cop or municipal employee right out of high school. Work for 20 years, retire at 3/4's and full 'bennies', then get a side job at 42 and he's set." Of course, with cuts in State and Municipal jobs likely hitting most areas of the country, this time-honored American recipe may be about to change dramatically, too.
What do you think? Is the increased cost of tuition worth it? How would you or are you counseling a high-school aged child about what the next smartest step might be for them in this dynamic world and economy?
Image taken from: Boortz.com
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