America's Most Overrated Product: Higher Education

Ay dios mio!!! I meant to write moral, not morale. Couldn't edit in time.


Abner

 

Me too. I graduated debt free with all my degrees. The doctorate cost 21k, but I only paid 10k for it. The masters cost 7k, but I only paid $2500 for it. BTW, the 7k masters jumped up to 9k -- and now it's up to 13k.

 

Hey Abner,

The quote you cite is a continuation of a previous post regarding federal government employment. I, too, share your observation that many state and local agencies have this practice.

 

I work for a government agency and we get paid more for having degrees. Here's our educational payscale:

• Associates = $30 extra per month -- or a dollar a day.
• Bachelors = $80 extra per month -- or $1.80 a day.
• Masters = 0
• Doctorate = 0

So if you go 14k in debt to get an Associates degree, then the extra government pay will help you to pay it off in only 38 years. However, at the rate of inflation, varying from 3 to 6% (depending on who you believe), it might take you 80 to 100 years to pay it off. So if you're about 35 years old now, you'll probably be dead before the loan gets paid off -- so you win!!!!

 

Shoot! And I thought I was a bargain hunter!!!! Good job man!


Abner

 

Quite the humorous piece!

 

To add to the irony:

 

Our education incentive;

Associate degree = 10%

Bachelor degree = 20%

Master degree = 25%

And to claim top prize in the bargain hunt, my M.A. cost me about $1000 for books; tuition was free, courtesy of a state veteran's tuition waiver.

 

Nice!!!!!!!!!!!!!!!!


Abner

 

Employers View of Higher Education

Depending upon the employer, the value of higher education and their attitude towards any initiative on the part their employees to pursue higher education varies considerably.