Monday, November 7, 2011

My short commentary on a graph that all students in college (or going to go) should see and think about...

Below is a selective grouping of college majors to illustrate the point that since 1985 there has been a rapid increase in the number of students getting degrees in majors, that, well, for the lack of a better term---don't have much earning power in the marketplace.  (Go HERE for the original source for this and a more extensive discussion)

The number of students that get degrees in majors that DO have earning power in todays marketplace has not changed much at all (Note that this number does NOT included foreign students receiving a degree from a US college--that number is relatively large!).

Students that spend/borrow LOTS of money to get a degree with limited earning power  need to understand this from the get go.  I am not saying this because I dont think these majors are important. That would not be true.  You need to do what is best for you. However, to not consider your earning potential, especially when you have to pay for it yourself, is not being responsible to your "future self" that has to live with a loan debt to pay back..
Source: Marginal Revolution
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