By: The AIMkts Editors
The American Dream has long included the idea that to get ahead in life, one must go to college. Whether an immigrant from Eastern Europe working is sweat shop on the Lower East Side of Manhattan in the 1920s or one from Asia running a fruit stand in the 1970s, or one from Africa driving a taxi cab today, the idea was to work hard, save your money, and send your kids to college.
It has become ingrained in the mindset of America that everyone should obtain a college degree. But is that right? Should all children go to college right after high school to help assure success later in life? Is a college degree really worth the cost?
The average student graduates college these days with nearly $30,000 of student debt. What if, instead of going straight to college, your child worked, earned, and saved money? What if at the end of four years, living at home, your child had a $100,000 nest egg to start the rest of her life with, rather than starting in the red to the tune of $30,000?
There is a growing debate over whether college is really worth the money. Traditional thought is that without a college degree, one cannot qualify for anything other than a job in retail sales or the like. But is this really the case? Google’s Senior VP of “people operations,” Laszlo Bock, recently told the New York Times: