Monday August 31, 2009 23:08

Go to college or enter the job market

Posted by Alex as Investing

CollegeWith unemployment still one of the biggest problems in today’s economy, many continue to question the worth of a college degree. The lack of assurance of a good job after graduation really weighs in the mind of those who have to struggle to pay for college tuition (through college loans or working for it).

Today’s reality sees many white-collar worker with good education and plenty of experience struggle to keep and, in case of unemployment, find jobs. Fresh graduates have worse luck given their lack of work experiences.

So why bother with college education? Is it really more practical to just go for blue-collar work after graduating high school than bet life’s savings or sizable loans for a diploma that doesn’t guarantee pay back anytime soon?

The son of a friend of mine’s a fresh high school graduate and got accepted in one of the pricier universities. However, money’s a tight in the family since my friend’s wife lost her job due to the recession. The kid has to take out a college loan to finance his education. Tough decision for the family. Tougher one for the kid.

You have to admire the kid’s resolve and proactiveness in this one. The kid decided to forgo entering the university for now. He took and got a job doing retail and signed up for night classes in the local community college. He’s keeping his options open for pursuing higher education in a better institution- “Just not now.”

Related posts:

  1. Saving for college
  2. On the value of a college degree
  3. Are college loans worth it?
  4. Exploring the community college option
  5. Top 10 worst-paying college degrees

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