Is College Worth It? (The Truth)
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- čas přidán 24. 09. 2018
- Is college ACTUALLY worth the cost? In this video, we will sift through some numbers to see whether or not a 4-year bachelors degree pays off for the average American.
9 High Paying Jobs That Do Not Require A 4-Year College Degree: • 9 Highest Paying Jobs ...
Statistics from this video: www.bls.gov/careeroutlook/201...
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Hey everyone! Feel free to share your thoughts on this topic. Let's have a civil discussion!
There are a few ways to optimize the situation:
1. Hack college (scholarships, double down on credits, community college etc..) There are many ways to significantly decrease the total cost of college.
2. Learn a trade or enter an apprenticeship (big money in some of these)
3. Start a business
As I mentioned in the video, NOTHING is guaranteed. The #1 factor that will determine your probability of success is your willingness and motivation in life. If you enjoyed the video, don't forget to hit the like button to support the channel!
Thanks,
Nate
I have to disagree with ur fundamental concept of someones gross income to start ur analysis. Because even though one is in debt and one has worked to earn money, the expenses of daily living often leave non-college graduates broke. Even though they made $148,000 in 4 years, they spent say, $200,000 to pay rent, insurance bills, loans, leasing agreements, etc. Their overall debt is lower, but their immediate expenses are spread over several unmanageable payments and often low employment potential. (Entry level unskilled labor offering $25,000-$40,000/yr)
Whereas the person who went to college might be in -$120,000 in debt, but having had most of their living expenses paid for in that loan, and may have worked during school to cut costs. they also have consolidated debt into a single manageable payment and given themselves high employment potential. (foundation level careers offering $50,000-$75,000/yr)
Today even tradesmen and vocational workers need certification that can take 2-4 of schooling. I'd say that's a grey area because it varies on schools and employers and demand etc.
Career or certificate programs, just 2 years, high income
The average median worker income is 31k
No way a HS diploma would earn someone 37k lol
Instablaster...
I think college is only worth it if you have a set profession in mind that you want to attain. For example if you want to be a doctor, lawyer, accountant go to college. If you want to study liberal arts with no idea of where you want to go, maybe that $60k is not worth it.
I agree, I would be wary of dropping 100K on a degree with a job outlook that isn't the hottest
I think the problem is parents paying for their kid’s way through college. People should pay and work for their own way through college. It’s a huge learning experience. The best thing for a parent to buy their children is a house if they graduate. It sounds cruel but it would make people think twice about paying for an art degree.
@@PokeYourEyez that a lil harsh. Maybe just let people do what they want by bitching and crying? Sounds like a good suffer
What the hell is Liberal arts really?
Man, i wanted to do Information Technology but i had like 5k in debt, thank god they have online courses which cost way less.
"If you don't design your own life's plan, chances are you'll fall into somebody else's plan. And guess what they have planned for you? Not much." Jim Rohn
Man, this quote it's awesome!!
Yeaa it’s weird that with a degree you still end up working for someone else above you
@@Bat-talk Everybody serves somebody.
Could apply to people with and without a degree - if you just float through life you probably won’t end up where you hope
@@EDL_433 What's the difference between school and life? In school, we're given a lesson, and then a test. And in life, we're given a test, that teaches us a lesson.
Just graduated and jobs are asking for 1+5 years of experience WTF this is broken.
This is a serious issue that many people face
Jonathan 6 X i hope you find a level and healthy way to do that my friend.
From what I heard college is not to be smart and make clean money. In reality college is to rip people off. Your being thought how to rip off people.
@@cryptojonny6837 You can do stocks and bonds. Or you can probably make your own affiliate marketing business and start there. Or probably make your own youtube channel on how to budget on foods, resources etc.
Jonathan 6 X forget ways to make money. You need to find something to provide to people
The world is getting around to realize that SKILLS and EDUCATION are two distinctly different things. Education gets you a piece of paper to hang on your wall. Skills, on the other hand, those put money into your pocket. If you spend 4, 5 or 8 years getting "book smart" but have no marketable skills when you graduate, you should have skipped college and just flipped burgers instead.
Real world skills are incredibly important!
The thing is, with that "piece of paper" you can prove you have the knowledge in a certain field. Plus, most students with a diploma also develop skills with internships. For example, my friend is studying to be an engineer and next semester, the school gave him an internship in a gold mine and last year, he had one in an pharmaceutical. company. Me, I started my study to be a teacher and I couldn't never had internships like that without my school.
Yet it's funny that when I signed up for a couple of classes this summer at my local community college, there was almost 40 something of us in each class! And that's only ONE of my teacher's courses! College has turned out to be a very successful marketing scheme! Multiple generations strong!
It's only worth it if you're gonna fully utilize it in your future otherwise the skills & knowledge you learn can be found elsewhere online for much cheaper.
True. That is why I only recommend University if you are going into to a major that will give you marketable skills that are hard and valuable (arguably, STEM Fields is where the hard subjects are at). In the meantime, the skills that are more easier and can be self-taught or in a cheaper way (often the only skills taught by Arts, Humanities, and Social Sciences). It's STEM or go home when it comes to University.
Junior colleges man for two years and don't use loans on it they're pretty affordable the last two years transfer to a public college and 4 year university to finish the full degree.
@@psylife3831 Community Colleges are fine, especially if you cannot afford to go to a University. There are some promising jobs to those who go there such as being a Dental Hygienist or Web Developer. The problem is these options are usually looked down upon.
PsyLife completely agree that’s what I’m doing I’m not gonna go into debt for a degree that’s not gonna teach me much but it is required by the jobs that I want
@@tracy_cakkes but for future promotion like director, lead, chief, etc positions you MUST have a degree
Unless you lowkey don't care, cuz i definitely do care, even if it's just a 0.01% chance of me becoming one one day
I’m going to say not worth it . I spent 30k in college 7 years ago . If I invested that 30k at the rate I’m going now I would more than tripled that money by no. I learned a lot more from real world experience than I ever did in college 🤔
I agree, I've learned far more from real-world experiences than I have from college
I agree. Skills and experience is what will really help you get a job at the end of the day.
Very true i learned more from real world experience
Well I live in Québec so my bachelor degree will only cost 9k for 4 years. Plus, since I want to be a teacher, I'm certain of a job since we have a massive lack in this field where I live.
It's all about the money. That's why college (at least in America) ain't free!
Interesting topic / discussion for parents of teens & teens. Myself - I am 75+; but for, info my first college semester in Sept 1960 cost $250. My last semester in 1963 cost $750. Same college Sept 2018 $56,000 per year.
The $1000 you spent on those semesters is equal to about $8300 in 2018, of course, it is still significantly lower.
@@hatchingdraggon8073 True but then again one must account for a very sharp inflation of the actual currency of the US Dollar over time. Well sadly it does relatively balance out. It is not that it costs more it's that the money has less value. It's grossly disproportionate only because the money is grossly inflated and from that the dollar is showing it's worthlessness.
I need life tips and lessons😢
@@banymany7444 Me 2
@@hatchingdraggon8073 that’s ducking inane
Most corporate jobs require a college degree but if you're starting a business, it's probably better to learn through experience.
Thanks for the input!
we are debating this right now over at uDebate, come join!
Right, then again, corporate jobs are designed for people who are programed workers who will be indoctrinated and docile to work (pretty much what the original motive of the Public School and University system is in America). However, I would only recommend University for STEM subjects only since the R.O.I. in those subjects and fields pay off well.
Also corporate jobs want a "Yes Man" not to mention you have to know someone or they hire friends & relatives or they'll hire from within before they let external people in. And corporate jobs are so picky nowadays back then you could get a job right out of high school or they'll train you but now they don't want to train people & the years experience has gone up people are still struggling.
I’m studied marketing and now love my job so I don’t think a degree is completely useless it allowed me to learn and network 🤷♀️
Summary: worth it if you have a plan, but you don't have to
Could you possibly do a video on ways to self-educate in 2018 and benefits of free/cheap self education?
Education and skills are essential to working a job - whether you're at a workplace or doing things on your own. I'd like to see more people embrace the idea of self education.
Yes I can!
Here are a few free sources of education that I have used in the past:
1. CZcams (just make sure you don't end up watching sports clips and cat videos)
2. Local Library (doesn't sound "cool" but it can make you millions)
3. Udemy courses (not free but usually under $25 and a lot of value)
4. EXPERIENCE (you can read 1,000 books about starting a business but nothing will ever beat real-world experience)
5. Attend college classes without being enrolled (I have done this in the past, most professors do not mind an extra person in the classroom.)
Is this still going on? Kids paying thousands of dollars for a piece of paper. Wake up people, this isn't the 1960's.
What if someone wants to be an animator
David Baptiste There are hundreds of thousands (possibly even millions) of animation tutorials here on CZcams.
@@itsDjjayy Facts i wanna be one too you could start an animation channel
Without college we would have never made it to space, let alone the moon.
@@itsDjjayy Bro. I used to be like you. Animation is an easy thing to be successful in. All you need is discipline. I have some old videos on my channel about animation. Don't go to school for that shit bro.
The knowledge you can get from college is basically in books. Want to start a business? research it...it's free! Teach yourself its free!... Thats just me...🤷♀️
Are u an entrepreneur? Do u run a business? If so what are the books that have helped you the most
I say it is only if you’re pursuing a career you’re passionate about, but the problem is kids are getting in debt going to college not knowing what they want to do, just going because that’s what you’re “supposed” to do. Which is why student loan debt has surpassed credit card debt in America
Exactly! Too many kids are blindly going to college
Exactly!! I have a plan and I’m sticking to it with no loans by going to a two year school but otherwise I wouldn’t have gone if I didn’t know what I wanted to do
This comment 💯
I think college is worth it if you come in with the mindset that you WANT to learn.
Yep I agree, look at me now with full of regrets...
CZcams is my college. lol
What if that Person Valued Learning but don't wanna go to college cause they don't want to Drown on Debt Even though they won't Get a Job they Might Learn a Skill or start their Own Busniess...
The value of college is not set. It changes with market conditions. While everyone is pushing their children to it the value will keep going down. Once fewer people start to graduate the value will go up. Scarcity is key.
I was literally going to make a video on this subject for one of my first new videos back from retirement lol! Keep it up Nate nice to see you active on YT!
Coming out of retirement! Glad to see you back!
As a transferring student at a community college, this video was immensely helpful! Thanks!
Thank you Lana, let me know if you have any questions. There are so many ways to reduce the cost of college
Always soooo good! Surely you must be the perfect lecturer!
Thank you John. I have been trying to become a better speaker. I still struggle with stuttering issues
great video....just found your videos....you are on the mark
Knowledge is USELESS unless you know how to apply it... Only go to college if someone else is paying for it.
Lol what if it’s your parents
Exactly. It always bothered me when someone went to University, got their degree, can't find a job or find a job that is completely unrelated to their field and then say "The education itself was rewarding and no one can take that away". Sometimes I think to myself that someone ought t take it away from them because I'm sure someone else would love to use the knowledge you are applying because my question to them is this:
"What is the point of acquiring a lot of knowledge, if you are not even going to use it?"
The Money Management college is still worth it if you pay for it yourself...
Love the video
Was thinking about discussing that same topic
Thank you!
I went to a relatively inexpensive state college. I started my career with a bachelors degree and an IT certification and things have worked out pretty well.
Learn a trade (plumber, HVAC, Electrician, etc), learn personal responsibility, do great work and then take some business classes, learn to scale your trade into a business. Manage your business well. Retire at 40 with residual income from your business.
I’m here because I have a debate to prepare for and my side is “college is worth it” and honestly I wish I got the opposing side because there seems to be more information about why college isn’t worth it
Rose fax i have to write a 3 page essay on why college is worth it
Andrew Rhodes can u send me that essay
yesenia reyes sure
Go to college if you have your mind dead set on your future. For example: if you want to be a doctor, lawyer, you know something big. Then you go to college because it’ll get you everything you need to get that job.
But if you’re into the arts or not sure what you want to to. If you want to travel... if it’s anything of that sort I think college isn’t worth it.
Plus, if you want to learn something real quick (FOR FREE) just do some research. It’s pretty friken easy.
Anyways, my opinion is that I wouldn’t go. But the problem is my parents and family. I feel like I’m letting them down. Over the years college got this label on it that people misuse.
“ if you don’t go to college you won’t be successful”
That bs.
If you really want something and put your mind to it it’ll happen.
You don’t need college unless you know you’ll need it for the job position you want.
But that’s my opinion.
Btw I’m only 14.😂
If you know you want to be a doctor or lawyer etc, you better be determined to study hard because if you go and do the work and just pass the class, your just wasting your time. Most professional programs require you to pass a test MCAT, DAT, PCAT, etc.- to get in. College is not for everyone.
Well said
Very mature 14 year old
Nate, stuttering is not anything I had observed in your lectures. You always present as comfortable, confident, knowledgeable, poised, engaging, focused,very intelligent, caring, even entertaining. I thoroughly enjoy watching and listening to you. You're older and wiser than your biological age!
If I had to do it all over again, I would have definitely gone to community college first. Me personally, I'm not that creative and don't like working with my hands. I'm all about routine and a 9-5 job is totally okay with me.
It definitely is necessary if you’re becoming a doctor, lawyer, or engineer, but I always here how most people never use the stuff they learn in college.
I do not feel I’m using my college degree 🙁
Thank you for sharing, I appreciate your opinion
Its also necessary for almost any route in the finance field. CFP, CFA, CPA designations all require at least a Bachelors. I could never imagine siting for the CFA exam without some of the skills I learned in college (mostly math).
Well that's because you learn the theory in college. You don't learn the job itself, that's why there's internships. I'm studying to be a Teacher and I'm learning class management and different way to teach a language (French). Of course it's not as good as my internships where I'm observing a teacher, but the classes gives me the knowledge to understand why a teacher does certain things.
@@Tom-tq9pt but nowadays you can learn maths online for free through things like Khan Academy and CZcams and Udemy, and get some of the best teachers in the world and study at your own pace 🤔
Something you can do here in California get your first year in community college. Get your second year in community college for $600 and 20k for your other two years in a CSU. That’s $20,600 for a bachelors. That’s not including financial aid. If you family is in working class. You can easily get like 90% in aid. So you’d only pay like $3,000. People always want to go to the most expensive colleges and don’t want to go to community college. It’s a waste of money going to a 4 year college for your first 2 years.
Very very true
Can this be done through online college? 🤔
guts brah , there are several community colleges in CA that offer online studies, most of which are free through a BOG fee waiver. Check out LTCC, SCC, CRC, Los Rios Community Colleges
Yes!!!
Short answer: NO
I think our technology is too good for us to stick with the traditional model of college. We need to revolutionize the entire system so that it will be much cheaper and more efficient!
The Scapegoat Mechanism exactly how I feel
Bro, I am betting a 1 million you can't learn calculus 1 online, on your own
@@zuchotheghost At my high school, there are a ton of people taking online classes for AP Calculus BC with majority passing with 4's and 5's on the exam.
@@brandonliao408 haha, you think that's real calc🤣🤣🤣🤣🤣
You made my day kid
@@zuchotheghost Kid? I'm just saying a point. It's still Calculus, and we have to study hard to pass. Why the attitude?
It really depends on what you want to do and how you want to do it.
I feel like college is just going to become obsolete
There’s a lot of kids making tik tok vids of their college acceptances
Demeechi so?
@@joseph4589 what's ur point
It’s not gonna be obsolete. There are still gonna be doctors, lawyers, engineers and others who hold society together.
@@ferddoesweirdthingsinlife1040 those jobs will be replaced by technology look at Amazon
NOT WORTH AT ALL Unless you ALREADY have a job in a field or connections that will get you hired. ESPECIALLY DONT take a student loan.
I’ve got a 2 year degree and I’m going for my 4 year degree. I have a job in a big corporation and I make 55k base and with bonus I make 63k. My base is set to increase as I am a candidate for a promotion (of course not guaranteed). I really have never felt college is worth it. I’m doing it because it feels as if it’s still important but for how much longer? I love self study and am naturally an intellectually curious person. College just scatters my brain across subject I don’t care about and I find it a very painful experience.
55k per year?
You will have way more opportunities after you get your degree.
What’s your 2 year degree in??
Thank you very much 👍
Using averages for the argument is almost useless because there's so much a person can do in their life to change their situation. I think college is good depending for vast majority of people not just for the degree but also the networking, the non-academic skills, and broadening your perspective. On the flip side if someone had a plan laid out for after high school and they really are unsure of college then that's up to them. But college is a necessity to get into careers such as law, engineering, medicine, teaching, etc. Really depends on what your passion is and what you want.
You have to remember though that the job you have isn't the only way you'll make money in life. There's so many options to set oneself up for financial independence. Be it investing in ETFs, real estate, business, branding, etc. So at the end of the day don't let money be the driving force because if you really think hard enough you'll find ways to provide for yourself.
College is a case by case basis but for majority of people it's well worth it to get a college degree.
Thanks for your insight
Thanks for checking out the video!
Companies are quicker to hire and promote people with college degrees, even in liberal arts. Some prefer liberal arts, because those classes train you in flexible thinking. It's not just job training. I majored in English and Humanities and did fine in library and publishing jobs. Other friends did the same and worked their way up in corporate and government jobs. If you get a degree that is specifically training you for one job, you're only qualified for that one job. And that's what happened to me - eventually I decided I wanted to teach, so I got a master's in teaching at the wrong time and couldn't get a job in it. I should have stayed doing what I was doing, because now I have the big debt. And it's not just me - my husband majored in biology and ended up working his way up with the state, while the people working with him initially were lab techs which meant they could only ever be lab techs. I say, get a degree that develops you as a person and gives you a lot of ways to jump.
And there's something else. We need liberal arts in our lives, apart from earnings. I have never regretted my BA for one single day of my life, while my "practical" Education degree I'd hand back right now if I could get that money back. I know so much better, more interesting things than just how to do a job. I never get bored. There are riches in my brain, which sounds goofy but I totally mean it. I went through a program where I learned to think, write, figure things out, know about the world and history and a little bit of everything, and I had professors to guide me and challenge me on any lazy thinking that came out. Some of it you can get from books, but a book author is going to give you their research and conclusions, not help you develop your own mind. That's what everybody needs. Is it worth $60K? If you can pay it, absolutely. But most people can't. It's getting harder and harder to get that kind of education, and our civilization is starting to show the cracks. If you can find it for less, or take a class at a time, do it.
Facts most jobs ask for at least a 4 year degree.
Honestly... I know this video is almost two years old already so commenting is basically pointless, but I personally think it it worth it, but not for the reason that we're told. Unless you want to be a doctor or lawyer etc., a degree is not required but is a pretty good decision to make. I even think so regardless of major. You have people majoring in things like English or any other social science and still getting high paying jobs completely unrelated to their degree. I think you should get a degree because companies don't really care about your degree major or the degree itself. The reason companies have degree requirements behind jobs that have good salaries and benefits is because it saves the company time and money in weeding out the majority of applicants who they deem "unqualified", so they can find a good hire ASAP and only have to interview say 5 people instead of 100. The knowledge related to getting the degree is almost always not the knowledge used on the job--it's just a formality. The degree opens the opportunity to getting the job, but after that I think your experience and connections(most importantly) determine the fate of your career.
Thanks for videoo🙏
I feel like I benefit from college. I am an accounting and finance major and I feel like I benefit a lot from the networking and hands on experience. I would say it’s only worth it if you keep your loans to a maximum of $50,000 and use the knowledge appropriately.
Network = Net Worth
Nate O'Brien Absolutely. I will say with the cost of college increasing and the value of a college degree decreasing, it’s important to major in something that gives you a marketable skill.
Of course an accountant needs college, being an accountant is not as easy as reading a book..
@@Scarlxrd011 Actually, it can be. Thing is, what's your "proof" for the employers that you actually studied what you studied? Employers are lazy af.
@@svasianfilipiname6603 you do know that you get a certificate when you graduate right? ehem that's how they know
Is it just me or is the music really loud in this video
Did you go to college? Is your primary job being an entrepreneur? Should I get into entrepreneurialism if I have no interest in it? Just for the money? I'm looking to earn a "passive income" but only because I want to be able to travel to Korea. I'm 23 and I don't have a retirement plan or a dime saved, would this be under "personal finance" or something else? Primarily I want to be more knowledgeable, confident, and aware of what's going on with my own money.
i just wanna drop out from college and start my dream job of becoming a full time CZcamsr and Twitch Streamer
Do it bro. Believe in you. If that’s what you wanna do why did you go to college for, just wondering.
@@SamuelRodriguez-cc2de Parents wanted me to
Vokrom oh damn. Are u still in it bro? Yeah that’s what I hate nowadays parents forcing kids to go to college after high school and letting their kids following their dreams instead of letting kids making their own decision and following their own dream. I hope you succeed in yt or twitch
Finally someone who thinks almost exactly like me! Yeah, I want to become a content creator and full-time as well Instead of going to college. I don't have information about college, but from what I hear it's not worth it. But that's just what I keep hearing.
I wanna be a CZcams animator and a musician on CZcams but people keep saying that if you don't go to college you will be broke or something and that makes me nervous. I don't wanna be a failure if something bad happens to the point were i need to do another option.
What if I don't want to go to college but I have no idea of what kind of business I want to create.
Nate - we need more stock videos from you!
Also, I think that a degree is good, depending on the field. For Engineering/comp Sci, it's an investment that almost always pays off. For other fields, you need to have a clear path of success laid out before you pay for that education. Just my 2 seconds.
More stock videos are on the way!
i think i depends. like most people have stated some occupations require a degree and if you want to be a doctor going through the schooling will be worth it to work in a field you think you would enjoy. however, coming from a business major, going to school for business and hospitality is not as good as working in the field and learning as you go. In addition, in nyc most servers make 50k-100k a year depending on where you work and most of the people I've met through the hospitality industry who have degrees have a masters in art.
Nice video man. Not to plug my old videos, but there are lots of ways to hack the system and graduate with a valuable degree without paying much, if anything, at all. Hopefully, you and I can use our degrees to catapult our success and buy a yacht asap 😎
SO many ways to hack college & squeeze the most out of a degree
I am an engineer with a master's from UBC. Guess what?!
I wash toilets just to survive.
That means you need to apply yourself. Because my brother is a black male engineer and he is making 200k a year. Engineers are needed .
@@teffanymalone7121 I have applied to like 250 different positions and no luck.
Depends how we use it. If we have a plan to actually use it, along with your college hack of paying less it could work out well. For a lot unfortunately, I feel like they assume a degree guarantees them a high paying job and that isnt always the case. :/
So many ways to hack college
Easy answer: if you study STEM, go to college. If not, do not.
You have a point
Hey wats d importance of it. I don't know
What about business majors?
@@LeopardGeckoTree Everything that has numbers man, that's what he means...
*_can u pls make a vid abt how to make use of a colg degree to balance out the bs over here and to actually give people with degrees more hope and not make them regret and go crazy for their decision? i think thatd be way more helpful than this._*
I honestly hope in the future more people don't have to rely on college/don't go as much so they have to drop their rates. Sadly, I see tuition go up not down. Eventually, most cost college will only be for mostly rich people like in the 19'00s!
I'm going for a associate degree in the fishery program and it's a 84% job opportunity
@ Luke Connors what is the job name?
I’m in my mid 20’s and I haven’t gone to college yet. What I had in mind was game developing and hoping to work at Nintendo and hopefully direct just one game.
But it’s the amount of debt and thought of video games becoming no more is what’s making me have second thoughts.
From a person who has three degrees and make great money go to college. Most jobs that pay great money will not hire you even Elon without that degree. They will put you on the floor and work you like a slave without that degree.
Of course it makes senses if you actually need the degree for a job, but going for low paying degree types like those in the Arts, social justice and gender studies are going to leave you trying to pay off that $100k debt for a long time! Don’t be a slave to that and learn that stuff on CZcams :) I started learning here and build an Amazon FBA biz after one year that’s making $19k/mo in sales at a 40-50% profit margin! I literally have one product.
I graduated college with a degree in broadcast journalism. At least it came in handy for me producing 265 vids on my channel since last year! But damn, I’d never want to get into the fake news biz😄
Go to college after you set yourself up with an income that’ll work for you while you sleep. Then you can party with your friends and not worry about being a slave to your debt for 30 years💪
Luke, that is exactly what I did. I am currently making enough to pay for college 3x over. It's a great feeling when you wake up after a night out only to see that you've made a few hundred dollars the night before. Passive income is very real and anyone who tells you otherwise is lying or uninformed. Thanks for stopping by the channel, I have seen a number of your videos
Nate O'Brien you can actually seen some of my vids too?! That’s super cool. Yeah just wanted to reach out on this subject and give my input. I haven’t made this type of video yet, but I will soon. Right now I’m just trying to grow my channel a bit, but everyday is a blessing when you’re building your own future😁
You are what I envision for myself in the coming months. I can't help but to think I'm wasting my time in college.
The average American with a bachelor's degree makes 59k a year, the average American with no degree makes 35k a year. Idk but to me it's worth it if you get a degree in something that will get you a job.
Chili _boi it’s always better to have a degree then not have it and it does increase your choices and chances of getting a job. A lot of people that are bashing and hating on college and university are butt hurt and biased because they either can’t afford to go, don’t have the opportunity too, or patience so they bash it. There def right when they say a degree doesn’t guarantee you a job or better pay tho. I just graduated with my bachelors but it was all free since my parents worked there and free tuition was one of there benefits. If I had to pay, it would have costed me over 90 grand. I def wouldn’t have went if I didn’t receive free tuition. If I hadn’t of gone, for me it would have been a waste. A diploma is a investment for some people. Sometimes it’s best to go to college, sometimes it’s not financially worth it. It all depends on the situation.
In the education field the higher education degrees do get you more pay a lot more pay.
As a college graduate I can say it is only worth it in certain scenarios, unfortunately. You will absolutely attain value out of attending college. However, in many cases that value is not worth the dollar amount these instutuons place on it. For instance I was a college athlete and was on scholarship. In that case, or in any other scholarship based scenario I'd say it's worth a shot. However if you have to pay your way, or take out loans... I'd say only jump into this if you have a plan for a serious profession (doctor, lawyer, teacher, etc.)
Im in college but i think i might leave its too much money and i feel the 8+ hours i am in school i can use to make money but what do i know
What degree are you attempting to get?
@@NateOBrien im not even sure what exactly but i would like to be in a field involving computers and computer systems
I created a similar video on my channel and I definitely agree with what you said at the end of the day it truly depends on the person and their career path I wouldn’t change my college experience for the world
My mom is basically forcing me to go she feels like Careers are going to withdraw my application bc I didn’t get a bachelors degree
Both are risks, the real thing is your passion and drive in the work place. More effort more money in most cases, but you also gotta know when to walk out the door while watching out that emotions don’t get the best of you in that scenario. The most important thing tho money might run the world but it doesn’t and shouldn’t run you (unless of course you have a family and have to provide) Find something that you at least have some passion about cause it will drive you to do better and being better and constantly getting better equals more wage money and then invest/save. Just don’t go get a job that makes you miserable it just sucks and the money is blah even when you get a lot of it I was there 60-70hr work week bringing home at least 1k a week right outta high school and it’s not worth it cause I had no time to do anything or spend it, haha. If you’re not sure try a trade it’s a few months to a year of training and is only a fraction of colleges cost and you can move up the ranks, but only do it if you can find one that interests you.
I think community college or vocational school is better than university. I went to vocational school I realized what I wanted to do.
I wish I had gone to vocational school! Thanks for leaving your input!
I agree I went to community college for paramedic and it was way cheaper and taught me what I was going to use. I plan to go back to obtain my RN degree.
Would college be worth it if you want to be a music producer?
I say no but that's just me.
Nate, what degree do you have?
I went to a private Catholic college for 2 years but dropped out due to financial and mental health health issues.
After being institutionalized with bipolar disorder, I went to community college and graduated with a 4.0 GPA and an associate’s degree in accounting.
I transferred to a 4 year state school but had to drop out of college again due to my bipolar disorder.
After recovering for 2 years, I went to a different state school and graduated summa cum laude 5 years later with a Bachelor’s Degree in Applied Mathematics & Economics, a minor one Business Administration, and minimal debt due to numerous scholarship opportunities I was fortunate enough to receive.
I went to graduate school for a year but dropped out yet again due to mental health issues
Now, after a year of working as a self-employees freelancer, I’m at a different grad school and with luck and hard work, I should be graduating by the end of Dec 2020 with a master’s degree in Data Science.
While I understand that a college degree does not immediately assume that I will ultimately earn a high net worth, the thing that kept me going with my education is the fact that I genuinely value a college degree as a representation of dedicated and consistent academic achievement.
During my academic career, I consistently worked as a freelancer and an intern earning income while I attended school.
As of Aug 2020, my current net worth at age 31 is a little over $210,000 with over $180,000 of my savings currently invested in multiple IRAs, a solo 401K, and several taxable brokerage accounts.
Why am I watching this AFTER I went to college lol
Because your misable
What did you major in?
@@devioustea Finance
@@125micah so has ur degree got u any work
@The Black Guy I'm currently an insurance auditor, so that's good
I want to open a Robotics business, should I go to college? It would cost me about 40-50k for a Bachelors degree. It would be nice to learn about Robotics in college because well, it's a difficult field and I can't really get job experience in it unless I get a degree, but I could possibly learn on my own.
Short answer: Yes, but there are ways to hack it and keep the cost very very low but Robotics is something you should definitely go to college for. Good luck buddy
@@NateOBrien
Thanks for the advice.
It is crazy when I realize you guys pay approximately 120 000$ for college. Luckily, I live in Czech republic and we have 99% of universities/colleges public so we do not pay anything for our education. Anyway I love your content Nate. It helped me a lot with my personal finance.
0:19 Good chart of cost increase over past 40 yrs
I'am sure someone has mentions this but, the bigest problem is that most employers won't hire you if you dont have that degree. Even if you have experience in that field of interest. Hopefully that status quo will change in the future.
Very true!
Not in the IT field where college degrees are useless and certs are everything. Just depends on the field of study. Same for web development etc.
Bbbut what did Bob live on for four years?...
I think it might be a good idea to include in the video the amount of interest you will be paying on those student loans, as well as the amount of money you could be making off of investing that extra $268k difference (even more when you factor in the interest on the -120k). For most people, just having this close to 300k invested in an index fund over the long term will more than make up for that gap difference in salary. If you invest 148k in S&P 500 at age 22, I think you are already set for a decent life
Going to community college rn . School is expensive and if you going just to go your wasting your time
I agree
Worth the money? No
Worth your time? Hell no!
Most people forget to factor in opportunity cost
with everything increasing every single year, i have to say it depends if you have the money and what you are going into.
I think the issue is that when the fed government stepped in and secured student loans, it basically gave universities/Colleges a blank check that is guaranteed (school gets paid right off the back, and the government holds the note). A note by the way, that can’t be removed in bankruptcy court by the borrower, and gives the fed gov the ability to garner your wages. This in turn allowed schools to raise tuition, and at the same time, a whole crop of new school are opened to meet all of the new demand from students. Primary school also started pushing students towards a college edu vs learning a trade (Plummer, electrician, welder, ect...), which also helped to over saturate the job market with 4-YR degree holders, while creating a shortage in the above mentioned trade jobs.
To make a long answer short I would say NO. It would be a much better use of your time to work an apprenticeship and learn a trade. You would be earning money the entire time, and learn a skill/trade that is a little more insulated during down cycles in the economy. You would also be debt free. I’ve worked with Plummer’s who’ve made $500k+ in a year, and know people who fix garage doors for $30/hr.
You have some extremely valid points. You hit the nail on the head with the reference to blank checks
I personally think it's different for everyone. I currently attend the University of Minnesota in a program specific for my future occupation. I feel you should kind of know what you want do before entering college. I've also found the networking to be extremely beneficial. The school I attend has extremely smart students. I've met some in the business program and engineer school who already have their own successful businesses going. My school also has connected me to businesses in Minneapolis who are already offering me positions to work. Overall, I feel as though college can help you succeed if you know what you want to do, but you can also succeed without a degree. There are too many factors and variables in play to really answer this question thoroughly.
I totally on the networking point. Although it was expensive, I do not regret going to college
I do not regret it either. Are you still in college or are you finished? I loved your input within the video you made btw. Very well done!
I also attend the University of Minnesota and I chose this school mainly because of the network they have throughout the twin cities. There really are too many factors to take into consideration when answering this question, but I believe that if someone wants to get a college degree, they should also focus on networking while attending school. Working internships, doing research, or getting experience of some sort while in school can really be beneficial for finding a job after they graduate. I’m learning that now as I attend university. Many people struggle to find jobs straight out of college because of the lack of experience. I believe most universities offer some sort of opportunities for growth and students should really take advantage of them in order to get ahead.
Just depends on the field. The IT field degrees aren't as desirable from cooperations like certs are. I wouldn't say college is not worth it! Just depends what you're going for.
I've heard from IT specialist that s degree means nothing in the field, they want certs A+, Net+, Sec+, MCSA, & Cisco etc.
But if you're aiming to be a doctor or some other field that requires it then it pays off.
So you don't recommend IT degree at all?
@@olympic-ass-eater It's not bad to have but most companies prefer certs fkr this field. They won't touch you with a bachelors and no certs. It's rare if they do.
Luckily in my country, if you're in premier govt college, it costs only around 10K USD.
I built my experience working from the ground up . Minimum salary after high school to management and then after 5 years of experience was able to get a territory management or any kind of sales or management jobs making 55k+. Took a Break from sales and went to trucking. Got my license through an employer and make 65k+ (I could make more)with trucking experience now. If you are willing to hustle and grind your way up you are in the right place. 0 college and no student loans.
I want to be a nurse and to do that you need at least a 1-year tech college certificate for an LPN or you can get your RN for 2 years at a community college. RN's make more than LPN's. Or you could get a BSN and then specialize if that's what you want to do. For me I will be able to get military benefits to go towards my tuition as well as academic scholarships, there's one college I applied to that if I enroll, I could have all four years including room and board paid for when I graduate. So, it really depends on what you want to do. And nursing doesn't require 4 years in college for those who want to be RN's but don't want to graduate with $50,000 in debt or whatever the statistic is these days
then there's the issue of the same wage for 40 years, for both routes. But in my area, you can make over 90k as a journeyman union plumber. Multiplied by 40 and that's 3.7 mil. Now there's a career ladder and you can make more. The same is true for the college kid, who will probably make 40k starting off, and as they progress they will make more and more money.
I’m currently a student in college however maybe my take isn’t warranted because I did receive a full ride. However, if i did have to pay i would still attend college, the knowledge and growth as a person cannot compared without not attending.
I agree that it's not all about the money. My #1 goal in life is to have fun and I must admit that college has been the best time of my life.
I think experience is worth more to jobs than level of education even though it is important to have a degree.
Good points on college. Imho, college is fine if you have a plan going in. Also, I don’t think that majors in natural sciences, social sciences, creative arts, and humanities are necessarily useless. Sure some majors higher ROI than others but it does not necessarily mean that you are doomed to failure if you are not those specific degrees.
How are bro I really liked it
Thank you!
Is it bad if you still dont know what you want to be in the future at age 15??
XxDogMasterxX yeah it gets worse the more Time you wait because you want to know what you want to do with your life so you can get ready for that or have a good understanding of what you want to do so that you don’t struggle so much
Ik im late but 15 is not bad at all. But definitely start looking around
If you have the hustle and work ethic to go with it, yes. If not, no.
I just wanna be a fighter pilot that’s all😞
Then join the military u psycho
Liberal arts degrees are fine if you have practical minors and/or graduate degrees in practical areas.
Not everyone goes into 100k in debt. For the most part most student get into around 30-60k debt.
690,000 difference less the 120,000 debt equals 570,000. And Bob's salary does not stay at 37,000, so the gap gets smaller and smaller
Depends on where you live too. I live in Belgium (europe) and higher education is very affordable here unless you're very poor. But even then you can get access somehow. Student debt is a quite 'foreign' concept to us. But I guess this video is not for me then.... still I love all your other videos 😉
Yes it is
Unless u want to be entrepreneur
*_1:47_**_ kevin looks like the male karen abt to ask fr the manager lol_*
What if Bob was a real hustler?
Then Bob could make 1,000,000x more money than Kevin. You get the results that you work for