Reply to Photo essay -- living with debt in America

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[quote=Anonymous][quote=Anonymous]I think the other problem is that college got oversold.  I'm not sure where we got this idea that everybody should go to college, but it's a really, really bad idea and isn't working.  What we are ending up with are a ton of people with either partial degrees or useless degrees that come out owing thousands (usually to the "University" of Phoenix) and they are no more marketable than when they went in.  At the same time the ridiculously inflated demand for college educations has driven the price up to astronomical levels.  Not everybody is college material and there is nothing wrong with that.  The trades can be very lucrative and rewarding for both tradesman and entrepreneurs alike with the added benefit that they can't be offshored.  I agree with a lot of the PP's in that the days of going to college to "take a few electives and find myself and decide what I want to major in" are long gone.  The PP with the successful mom drives home the point.  Back then a bachelor's degree was a ticket "in".  Now they are a dime a dozen and a lot of advanced degrees are becoming that way too.  I can't count on one hand the number of people I know who went to law school because they came out of undergrad with a useless degree in poly sci, international studies, etc., worked for a year or two making mid 30s and decided law school was the ticket.  Then they borrowed a bunch of money to go to a good law school (GW, Georgetown, American, etc.) and lo and behold never got picked up for a Biglaw job so now they are making barely more than they were before law school in a job that doesn't require a JD.  This whole ready, shoot, aim thing has got to stop somewhere.[/quote]

I know someone about to head down that same path. Graduated with a low earning degree and now sees law school as the ticket to higher earnings. You nailed it, right down to the school you listed![/quote]

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