Is College a Scam?
I’m pretty sure I’m going to get some hate mail for this one.
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Now back to my review of college.
Before we get into this, let me just say that I do have a Bachelors in Accounting from the University of Phoenix.
I spent four years and over $40,000 getting that education and degree.
When I finished school, the jobs being offered were entry level and paid roughly $35k-$40k per year.
Obviously, you can work somewhere and move up in the company to earn more.
If I had gone 2 more years and gotten my Masters degree and worked to become a CPA (assuming I passed the exam), I would have spent on the low end an additional $30,000.
That would have moved me up to yearly salary of about $66,000 if I could have found a job that wanted a fresh, green CPA.
If I had spent 20 years in the field, I could expect to earn over $120,000 annually as a salary.
That’s really not too bad.
The problem that I had from the beginning was that I was making over $70,000 per year in a blue collar job after only working there 2 years with no prior experience.
I did even better after four years and my income continued to grow as I got more experienced.
Some jobs and careers require college degrees and extra schooling.
I don’t want a self-taught surgeon doing a hip replacement on me or my family. (Even though youtube is really good now)
If you really want to be a doctor, teacher, engineer, lawyer or something that absolutely needs the degree and certification to enter the field, then I would say you should pursue it.
Follow your dreams.
If you think college is the only way to make a good living, that’s what I’m trying to debunk here.
You could find a career in sales or many blue collar fields and in four years, be much further along with experience than you are going to learn at any college.
Also, there are many certification courses that aren’t tied to a college degree for professionals in other industries.
I believe that one of the reasons so many people even go to college is because they feel enormous pressure at 17 and 18 years old to decide their entire life path and college is always given as the best option.
That is a lie in many cases.
Many of these young adults end up $40k in debt and if they can find a job, they don’t always even like what they end up doing.
I was in my 30’s before I even realized the kind of work I enjoyed.
Maybe I’m a late bloomer, but I think we are dooming our kids to unnecessary debt and wasted time based on lies.
They can make a great living and be happy in several lines of work that don’t require a college degree.
Ultimately, what leads you to living your life’s purpose which is doing the work that you love and feel most fulfilled by is the best route.
That may not be a direct straight path, and can be different for everyone.
So, is college a scam?
No, not in several cases, however, it may not be necessary for you to get what you want and could even hinder you with huge cost and possibly debt if you are just going to try to “figure out what you want to do”.
You would be better off doing that in the real world and getting paid to learn.
Thank you for reading.