• Is a four-year bachelor in "Arts & Science" worth a $200 000 loan
    39 replies, posted
Mac said he was moving to canada i believe he mentioned that in one of his threads i think
[QUOTE=Ermac20;37611477]Mac said he was moving to canada i believe he mentioned that in one of his threads i think[/QUOTE] My school charges ~7.5k per year and I live in Toronto (that's in Canada, folks). What the fuck is he going to do with $200K?
Every semester (half a year) I have to pay 99€, but that isn't rent, car, food etc. for my bachelor. 200k seems so much.
$200,000?! where are you going space?! Mine cost me the best part of £8000
^^ I agree with that comment, you'd better be going into space for that amount of money, or shooting for world's most renown doctor. If you're debating spending 200,000 on a BA, you might as well take that 200,000 and invest it into stock or chase something you've always wanted to do. You'll feel more fulfilled and won't waste four years and four lifetimes worth of education debt in the end. Stocks I can't guarantee, but you could walk out with over a mil if you know the right stuff to invest in. 200,000 is a motherfucking ripoff. God damn Western education! We're so fucked. They charge ridiculous prices for overrated institutions, i see more intelligence in the Diploma-less janitor than I do in today's graduates sometimes- And these are the people who are supposed to run the world after they get done.....
I wouldn't even spend $200,000 on a useful degree personally. That debt is not something I want hanging over my head, job or not.
[QUOTE=Keys;37622677] 200,000 is a motherfucking ripoff. God damn Western education! We're so fucked. They charge ridiculous prices for overrated institutions, i see more intelligence in the Diploma-less janitor than I do in today's graduates sometimes- And these are the people who are supposed to run the world after they get done.....[/QUOTE] They charge those prices because people are willing to pay them. What you see as a rip-off other people value it.
[QUOTE=New Yorker;37609329]You can buy 20000000 1 cent hookers.[/QUOTE] there's a reason why there only a cent
If you love it and you will be able to be employed after you graduate, yes.
Assuming the OP is going to a top-20/30 school in the states, the money is worth it, although I'd still advise looking seriously into student loans with interest rates as low as they are now. The reason I support going to a good college is that it builds the foundation upon which your future rests. The short term monetary loss is painful, yes, but assuming you make good use of the four years, you won't regret a thing down the road. Good colleges matter in the following ways: - Better job opportunities. Of course not as plentiful as before, but still, a good college almost ALWAYS beats lesser known schools in recruiting. The Goldmans and McKinseys won't bother to go to a state school, but they'll almost always show up at an Ivy, even in this economy. - Better foundation for advanced studies. If you are interested in graduate school/phds, good grades from a top school will help tremendously. In fact, pedigree, coursework and recommendation letters are pretty much all that the grad schools look at. - Alumni network. This might sound a bit elitist, but how far your classmates go might be of help/detriment to you someday. Networking is important, in fact it might be the most important success factor depending on what industry you are in. Please keep in mind I'm pretty biased myself, as I went to a top 10 US college and business school (but was on a scholarship). I had a great experience and the brand names of my alma maters have helped a ton at my work and socially. The true educational quality at the undergraduate level is certainly debatable, but then again, you are not just investing in a bunch of textbooks/courses, but in a whole package. From a scarcity perspective, investing money in a good education is almost certainly worth it, because good universities' brands very rarely depreciate as class size is restricted and more and more people want to get in every year. I believe Harvard's undergraduate admissions rate is lower than 8% last year and has been declining for the past decade. If you can get in a good school now, take it. [editline]11th September 2012[/editline] [QUOTE=TestECull;37602967]A degree in arts and science is next to useless. If you're going to spend 200K on a degree do so on a degree that will actually pay that debt off.[/QUOTE] You realize a bachelor of math, physics, chemistry, economics, etc, are all included under "arts and sciences"? Students majoring in these subjects easily find the best jobs upon graduation. Don't be misled by the name, arts and sciences is a pretty encompassing category that includes virtually most of undergraduate majors, except specialized schools such as engineering, etc.
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