College Tuition
I am a freshman in college right now, and lately I have been seeing a lot of articles in papers, and reports on the news questioning if an undergraduate degree is worth the tuition. Some schools, such as mine, have tuitions that are sky-rocketing, and people cannot keep up. Some people are coming out of school with hundreds of thousands of dollars of debt, and don't think their education was worth it. What is everyones thoughts on the topic? Is spending the money on an undergraduated education always worth it, or maybe only if its a brand name school?
I went to a semi-target and while I don't think the education was any better than a good state school, the networking opportunities and on campus recruiting made the investment worth it.
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Imo, no college is worth 60K a year. Most colleges don't even teach anything half-useful on the job. In most majors, you're essentially paying $250,000 to read and learn what your ancestors did 200 years ago.
In Canada, tuition is around 5K a year at the best schools (engineering and commerce are more expensive). Definitely worth it.
The increase in tuition definitely makes the liberal arts less appealing, people are flooding to more practical majors that feed into jobs now due to this trend. I believe this tuition spike is largely responsible for the advent of undergraduate business schools. All that said, state school & debt-free FTW
Totally dependent on individual basis.
What do you want out of life?
There are a lot of different ways to get what you want. College just happens to be the most vouched for by society.
In my opinion, college is not worth it financially. But worth it for many other reasons. Gotta make a living somehow.
I agree with manbearbig, tuition in Canada's a joke compared to the US.
I'm currently in a double degree BBA and BA Financial Mathematics at Wilfrid Laurier University (probably have never heard of it). Tuition cost is roughly $6000 at most. Total cost a year would be no more than $15,000. But even some other colleges, like the University of Toronto, Queen's University, and the University of Western Ontario tend to have higher costs. But I feel content with the finance networking and with the firms available, having more of the buy-side with firms like Fidelity and Gluskin Sheff. It all depends where the degree will end up.
Still a noob though!
If you're going to college bc that's what mom and dad did and you're getting an Art History major with an English major, then yes, you're fucking yourself.
If you actually plan on life and a job after college, then it will most likely be worth it. Worst case you get a BO job and break even.
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