I wonder how different the ROI is between college degrees. I could see a large number of degrees having practically no ROI, compared to just entering the labor market, while others will be more substantial.
On average, skipping college and investing tuition costs nets a higher return
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Re: On average, skipping college and investing tuition costs nets a higher return
#22How do you skip college and invest the tuition in the S&P 500? Ah, you can't: Of course, lenders won't give out large loans for an individual to skip college and dump tuition into the stock market, this is just a hypothetical scenario. So this article is unrealistic.
If your parents were going to pay for your college you could do this.
The people whose parents are paying for college already have more of an advantage so they would be more likely to have an ROI from college.
Re: On average, skipping college and investing tuition costs nets a higher return
#23[deleted]
Re: On average, skipping college and investing tuition costs nets a higher return
#24Earlier quoted context omitted.
Forget MMM, Jack Bogle and Warren Buffett are the ones to ask, and I'm pretty sure they'd agree. (Warren Buffett needs no intro, Jack Bogle founded Vanguard Investments) EDIT: Autocorrect fail. Fixed. Thanks!
Peeve of mine: spelling his name wrong. It's Buffett.
[deleted]
Re: On average, skipping college and investing tuition costs nets a higher return
#25Earlier quoted context omitted.
If your parents were going to pay for your college you could do this.
The people whose parents are paying for college already have more of an advantage so they would be more likely to have an ROI from college.
Actually, from the student's perspective, there would be a 0 investment, so ROI becomes infinite.
Re: On average, skipping college and investing tuition costs nets a higher return
#26I wonder how different the ROI is between college degrees. I could see a large number of degrees having practically no ROI, compared to just entering the labor market, while others will be more substantial.
That's not accounting for the fact that degrees are required for jobs that where in the past available to high school leavers at 16 or 18.
Re: On average, skipping college and investing tuition costs nets a higher return
#27I wonder how much of this is just a result of US tuition costs being out of control.
Does this analysis hold for coding bootcamps? What about Canadian colleges (say, Waterloo, Queens or Toronto)? What about community college? Restricted to only CS/EE degrees? Becoming a doctor? Does it account for the probability of dropping out of various college progams?
Re: On average, skipping college and investing tuition costs nets a higher return
#28This article doesn't explain why we should believe that stockmarket performance, going forward, will be anything like the S&P's performance from 1993 to now. It's also not clear why we should believe the Payscale College ROI figures. I clicked around a bunch and couldn't find any description of their actual methodology for computing it. In particular, before we can take it seriously we need to know how well they've d…
> This article doesn't explain why we should believe that stockmarket performance, going forward, will be anything like the S&P's performance from 1993 to now.
Nor why we should believe that a college degree's wage premium will be anything like its performance from 1993 to now.
Re: On average, skipping college and investing tuition costs nets a higher return
#29Went to community college then went to university for upper division classes. I'd say it was worthwhile investment and was pretty cheap.
Re: On average, skipping college and investing tuition costs nets a higher return
#30The true value of a college education is intangible. https://getyarn.io/yarn-clip/f7f7e126-8aac-40bc-9478-70b6bea...
I know people who're 100k in debt who wouldn't agree with that.