Re:College Is Much More Than a Means to a Higher Salary
by jlarocco on Wednesday June 03, 2015 @12:38AM
(#9650606)
That's almost exactly what I was thinking.
Anybody with decent grades can get into the local branch of their state school, live with their parents/friends, and graduate with minimal debt. It's not as sexy as going to a big name school and living in the dorms, but it's a lot smarter in the long run. It's especially true in a field like Computer Science, where it's so easy to impress people with results. To most people a degree from MIT means a lot less than a profile of impressive projects, and the projects don't cost an arm and a leg.
You don't have to spend anywhere near 100k for college, and the vast majority of people don't.
The average in state tuition and fees at a public university is $9,139. Some kind of assistance is available to most people--the Pell Grant is income based and many states have Scholarships. Georgia (where I went to school) has the hope scholarship that covers around 90% of tuition and fees for high school students with a B average and close to 100% for students with a 3.7.
In addition almost everyone qualifies for student loans. And if you take out more than $30k or so (I forget the exact amount) you can qualify for income based repayment where you pay back only 10% of your discretionary income (Income - 1.5 * Federal poverty level) for 20 years.