Stay in school or you will wind up at Michigan State?

6 thoughts on “Stay in school or you will wind up at Michigan State?”

  1. Spot on as usual Steve. College tuition is out of control and wherever you go does not necessarily guarantee you a job. If you haven’t seen it yet – check out a documentary called Ivory Tower. It explores the exploding costs of education and why…and it is disturbing. It is like a competition to see who offers the best perks while hiring more overpaid administrators while utilizing cheaper adjunct professors. It is clear that the priority has become business over education.

    Personally, I went to a respected private university that costs about 67k per year (tuition, housing, books) – but the Army paid for all of it. I could not have attended had I not received a full ride. I also had a job post graduation, which in 2008 was a good thing.

    While this is a “good school” the only employers that really know about it are located in a specific geographic region. Every job I have had required a degree, but they didn’t care in what or where you got it from…just that you had it. If I had to pay for my own education, you can bet I would go 2 years of community college and 2 at a state school.

    I have a sister that went to 2 Ivy leagues for undergrad and MBA and while she has an awesome job (making a ton) she is STILL paying off those loans almost 15 years later and has a way to go. I cannot see how getting into massive amounts of debt is considered a good investment when you can still get a quality education at a fraction of the cost.

    Where you went to school has become yet another way to compare yourself to others. Where you went to school, what job you have, how much you make, what you drive, where you live – have all become ways to separate from, compare to, and compete with everyone else. I think true happiness comes when you realize happiness isn’t a zero sum game and can pull away from all of that superficial crap.

    That being said: Hook ’em Horns!

    1. Thanks for the comment, Brian. I couldn’t agree more – college is one of those so-called differentiators between people of our society, just another shiny element that many use to say “Look at me, I went to a better university than most”.

      I’ve found that once you stop worrying about what everybody else thinks, your whole life becomes much, much more streamlined. It doesn’t matter what university you went to, or the kind of car you drive, how big your house is.

      And how many thirds of your life are you going to spend paying off student loans, expensive cars and oversized homes because of that “education”-supported salary? One-third or two-thirds?

      For me, I’m good at just over one-third, thank you very much. 🙂

  2. I am a huge proponent of education and I fully realize that in today’s society that a college education is your ticket of admission into the professional world. That is not to say there isn’t a back door.

    I have never been a big believer in paying 10X vs. what my degree cost at a state school. In my opinion, like anything else, you get what you put in. There are some profession’s like doctors and lawyers where this probably has a big impact.

    But take my wife and I. She went to a school that cost $160K vs. my $16K. We had lots of arguments in the early days about how I thought it was a waste of money for most people to go to such a “prestigious” school. Luckily her parents were able to pay for her education. She was so sure that she was going to have advantages that I didn’t have due to the network. Yes they have a great network and she is an active Alumni, but beyond that it hasn’t really mattered after graduation in the “real world”.

    I now make 3X’s what she makes from my little ole state school. Don’t get me wrong, she is smart and very talented, and I look forward to the day she is pulling in more money than me.

    The only thing a college education does is tell a potential employer that you are able to learn. The real problem happens after graduation. Most people think that they can stop learning…but in reality if you want to thrive school has just begun.

    Success comes to the perpetual student.

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