mac5155 wrote:Which is why colleges should consider dropping those programs to be the good "educational" citizen.
pittsoccer33 wrote:The second part is the other shoe dropping - parents who blew through their retirement saving over the last 10 years paying for college. Now they don't have enough to retire. Them not retiring is preventing others from advancing into their roles. Which is keeping entry level jobs from opening.
TheHammer24 wrote:My Google ads can't figure out if I want my loans forgiven or if I want to consume more education in high-tech fields, right now.
TheHammer24 wrote:shafnutz05 wrote:Kraftster wrote:TheHammer24 wrote:Let’s assume the average person makes $60,000 - $70,000 a year, which I think is a modest estimate.
Really? That seems wildly optimistic.
You're probably right. I live in Chicago, where the median income is higher. Plus, you begin developing tunnel vision and fail to realize your friend group and colleagues aren't necessarily representative.
Males had a median income of $35,907 versus $30,536 for females
Troy Loney wrote:what we need is the median income for people who have $100K in student loan debt. That is likely $60K. I'm sure there are plenty of people taking out loans to go to expensive schools and not getting jobs, but they are not the norm.
TheHammer24 wrote:Troy is right.
Members of the Class of 2012 are being offered median starting salaries of $42,569 -- up 4.5% from last year, a new report from the National Association of Colleges and Employers shows.
CBear3 wrote:My wife had $60k in loans for her masters degree in social work. Out of school she got a job paying $32k, and 6 years later she'd made it to $34k before being let go this summer.
According to the US Census Bureau persons with doctorates in the United States had an average income of roughly $81,400. The average for an advanced degree was $72,824 with men averaging $90,761 and women averaging $50,756 annually. Year-round full-time workers with a professional degree had an average income of $109,600 while those with a Master's degree had an average income of $62,300. Overall, "…[a]verage earnings ranged from $18,900 for high school dropouts to $25,900 for high school graduates, $45,400 for college graduates and $99,300 for workers with professional degrees (M.D., D.P.T., D.P.M., D.O., J.D., Pharm.D., D.D.S., or D.V.M.).
TheHammer24 wrote:Social work and teaching are two very prominent examples of that.
Letang Is The Truth wrote:so people that manage their school debt, mortgage payment, save for kids' college, etc what % of your gross pay do you allot to each?
pittsoccer33 wrote:Letang Is The Truth wrote:so people that manage their school debt, mortgage payment, save for kids' college, etc what % of your gross pay do you allot to each?
and do you ever have money left to have fun?