Thought you folks would find this interesting: Calculating the Risk of College
TL;DR (or no WSJ subscription):
For every 100 students: 42 graduate in 4 years, 18 in 6 years.
Of the 60 that graduate, 42 will have student loan debt. They owe, on average, twice as much as they did 20 years ago.
5 of the 42 will default on the loans by age 33.
After 10 years, 32% of grads will have jobs that don’t require a college degree.
What about the 40 students who don’t graduate you ask?
28 will still have student loans to pay. 10 of the 28 will default.
As the article says, this isn’t anti-college, but for those of you in school and those with kids, pick a worthwhile major and FINISH.
TL;DR (or no WSJ subscription):
For every 100 students: 42 graduate in 4 years, 18 in 6 years.
Of the 60 that graduate, 42 will have student loan debt. They owe, on average, twice as much as they did 20 years ago.
5 of the 42 will default on the loans by age 33.
After 10 years, 32% of grads will have jobs that don’t require a college degree.
What about the 40 students who don’t graduate you ask?
28 will still have student loans to pay. 10 of the 28 will default.
As the article says, this isn’t anti-college, but for those of you in school and those with kids, pick a worthwhile major and FINISH.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
