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Is it worth going to University in 2014-15?

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2:11 am
November 24, 2014


moneystepper

Member

posts 182

Hi guys,

 

Looking to open the debate up a little. We've just posted an article where I got thoroughly carried away (over 4,500 words) about whether it is financially beneficial going to University:

 

Is it worth going to University in 2015?

 

The article is written using figures from the UK, but I would imagine that the debate is very similar in the US (perhaps even more bias towards the argument of not going to University due to the higher tuition fees, higher debt for students graduating university and due to the student loan program in the UK coming with very low interest rates and a requirement to only repay if earning over £21k pa).

 

If your children were about to finish school and have the decision to go to University, what would you advise them to do? I personally think its become so close from a financial and social standpoint that there isn't a right/wrong answer today. 10 years ago, I think university was a no-brainer, but I'm no longer convinced it is. What do you guys think? 

4:09 pm
November 27, 2014


Untemplater

Member

posts 400

I don't have any kids, so I'm not sure what I would tell them since education could be quite different by the time they could be going to college if I ever have any.

 

I still think it's beneficial to have a college degree, but a lot of that does depend on the student's career goals. More people are working as freelancers at jobs that may not require college degrees. But there are still a ton of jobs that do require degrees as I've noticed recently as I'm currently in the job hunt.

 

If I had a kid who graduated high school now I think I'd still tell him/her to go to college, but to either stick with an instate public school, or start out at a city college and move into a public college to save some money. It's still a competitive job market and there are a lot of valuable skills we learn in school.

   Sydney at Untemplater

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