Self Employment and No College
Nonfiction, Reference & Language, Education & Teaching, Educational Theory, Adult & Continuing Education
| Author: | Carl E. Person | ISBN: | 9781483557113 |
| Publisher: | BookBaby | Publication: | January 1, 2004 |
| Imprint: | Language: | English |
| Author: | Carl E. Person |
| ISBN: | 9781483557113 |
| Publisher: | BookBaby |
| Publication: | January 1, 2004 |
| Imprint: | |
| Language: | English |
College, at a cost of up to $75,000 per year or so for some students (when taking most costs into account, including personal costs, but not lost employment), is priced through the American student-loan system far in excess of the value of a degree for most college graduates, who find out too late that a degree costing $50,000 to $250,000 too often results in a job paying only $10 to $20 per hour, which cannot pay off a student loan of $50,000 (or $60,000 with accrued interest by the time the student starts working). A salary of $20/hour amounts to $750/week (35 hours), or about $500/week after various deductions, or $2,150/month. To service a $60,000 loan at 6% interest repayable over 10 years amounts to $555.10 per month, or 26% of the $2,150/month net amount received by the employee, leaving the employee with only $1,595, which is not enough to cover the cost of living for most individuals in any city in the United States. Education through the American regulatory system is terribly over-priced and needs to be avoided by many or most prospective college students, as this book will explain.
College, at a cost of up to $75,000 per year or so for some students (when taking most costs into account, including personal costs, but not lost employment), is priced through the American student-loan system far in excess of the value of a degree for most college graduates, who find out too late that a degree costing $50,000 to $250,000 too often results in a job paying only $10 to $20 per hour, which cannot pay off a student loan of $50,000 (or $60,000 with accrued interest by the time the student starts working). A salary of $20/hour amounts to $750/week (35 hours), or about $500/week after various deductions, or $2,150/month. To service a $60,000 loan at 6% interest repayable over 10 years amounts to $555.10 per month, or 26% of the $2,150/month net amount received by the employee, leaving the employee with only $1,595, which is not enough to cover the cost of living for most individuals in any city in the United States. Education through the American regulatory system is terribly over-priced and needs to be avoided by many or most prospective college students, as this book will explain.
