Everyone tells you to go to college. Nobody tells you about this…
Your parents will tell you that a college education is “good debt” simply because they’re proud of you and want you to get a college education.. They want you to go to college because it’s ingrained in them and they want to pass these thoughts down to the next generation. The problem is that college is not for everyone and the bitter cold reality of student loans can really bite you in the butt as you try to save up in your late-20s.
I will start off by saying that I’m all for attending college. Many of the benefits can be simply priceless (meeting your future spouse or making friends for life). You can also find many ways (scholarships, bursaries, and grants) to help finance your college education without going $100K into debt. With that being said, let’s look at the other side of the coin…
4 reasons why a college education is not worth the money:
You have no direction.
Without any direction why even bother attending college? Why not just find a job right after high school? Why not take a time out to test out your skills in the workforce to find what you truly want to do with the rest of your life? With no direction you’ll only get more confused by going to college.
You go “just because.”
This ties in to the previous point. Having no clear direction and just going with the flow are horrible reasons for attending college. Sure you might meet a few people and have an amazing time, but is the burden of student debt worth it? This is not to say that anyone at 18 knows what they want to do with the rest of their life. It’s just that some people go to college for the wrong reasons.
You won’t use the degree.
Realistically speaking most of us won’t use our degrees. If your debt free after college you might even end up starting your own business or going in the polar opposite direction. College can provide you with some valuable networking experiences or it can just interfere with your future plans.
You don’t need a degree.
Most fields don’t even require you to hold a degree. Your dream career path might not even require a degree. Chances are that you’re going to college because your parents want you to. This is usually the point where the money spent to acquire student loans is not worth it.
Once again I’m all for college but it’s obvious that there are many situations where college is just not the right fit. Did I miss any?