Anonymous wrote:For engineering and experimental sciences (not social sciences), MS and PhD programs are usually free with an additional cash stipendin exchange for being a TA/RA. So those programs graduate students with little or no grad school debt, and with very solid job prospects.

PhDs in non-science/non-engineering subjects often have huge debt and result in jobs with much lower incomes afterwards.

So the reality is that cost/benefit of grad school varies very widely and the cost/benefit correlates strongly by the type of degree.

Anonymous wrote:I didn’t realize it. My hippy-era socialist PhD parents raised me not to think about money. I don’t think they even understood the concept of opportunity cost, or if they did, would have been ideologically against the entire premise.

I regret my phd now. I wish I’d trained as a nurse or teacher. I’ve become pretty cynical about the quality and influence of most psychological and social science research, which is my training.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m not really sure who PhDs are aimed at. I had to take out the max student loans just to afford a bachelor’s and I understood that I needed to start earning ASAP. No time to frolic about studying literature or zoology.

Google is your friend.

You'll quickly learn no one is frolicking through them.

They are aimed at rich kids who don’t seem to need money until their late 20s.

Anonymous wrote:

Anonymous wrote:For engineering and experimental sciences (not social sciences), MS and PhD programs are usually free with an additional cash stipendin exchange for being a TA/RA. So those programs graduate students with little or no grad school debt, and with very solid job prospects.

PhDs in non-science/non-engineering subjects often have huge debt and result in jobs with much lower incomes afterwards.

So the reality is that cost/benefit of grad school varies very widely and the cost/benefit correlates strongly by the type of degree.

Most humanities and social science PhD programs also are typically ‘free.’

Anonymous wrote:For engineering and experimental sciences (not social sciences), MS and PhD programs are usually free with an additional cash stipendin exchange for being a TA/RA. So those programs graduate students with little or no grad school debt, and with very solid job prospects.

PhDs in non-science/non-engineering subjects often have huge debt and result in jobs with much lower incomes afterwards.

So the reality is that cost/benefit of grad school varies very widely and the cost/benefit correlates strongly by the type of degree.

Anonymous wrote:BUPPP = bringing up a previous poster's post

What is SME?

In my world, SME = small to medium enterprise. Yes?

Anonymous wrote:

Anonymous wrote:

They are aimed at rich kids who don’t seem to need money until their late 20s.

The level of ignorance on this thread is astounding.

Anonymous wrote:

Anonymous wrote:I wish I had known this before my kid committed to attend a college. I didn't realize I would be paying money for him to be taught by idiots. I guess I could have him self teach himself but good luck finding an academic textbook not written by some PHd idiot who knows the math behind search engine algorithms and wasted his time writing a book to explain it to others instead of raking in the money.

Oh the world is so lucky to have people like you (NOT)

Hopefully your kid is more dimensional than you are.

Anonymous wrote:

Anonymous wrote:I wish I had known this before my kid committed to attend a college. I didn't realize I would be paying money for him to be taught by idiots. I guess I could have him self teach himself but good luck finding an academic textbook not written by some PHd idiot who knows the math behind search engine algorithms and wasted his time writing a book to explain it to others instead of raking in the money.

Oh the world is so lucky to have people like you (NOT)

Hopefully your kid is more dimensional than you are.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Baffles the mind that someone thinks a terminal degree in any field won't pay more than stopping along the way. A phD in Psychology is not going to have a bachelors in computer science or vice versa and a phD in psychology always makes more money than a bachelors in Psychology.

You’re missing that most master’s degrees are unfunded and that more education means postponing saving for retirement.

On the other hand, you are missing the point that for some, the goal is not "postponing saving for retirement." For many, it's a true love of the subject. For others, it's a means to and end. My SIL has 4 degrees, no deblt. Loves what she does. My son, year 2 ugrad, already looking into PhD prgrms in his field.

Great then those people can pay for their degrees themselves & stop begging for student loan forgiveness (lots of people begging for that got useless graduate degrees with loans).

Anonymous wrote:

They are aimed at rich kids who don’t seem to need money until their late 20s.

Anonymous wrote:I wish I had known this before my kid committed to attend a college. I didn't realize I would be paying money for him to be taught by idiots. I guess I could have him self teach himself but good luck finding an academic textbook not written by some PHd idiot who knows the math behind search engine algorithms and wasted his time writing a book to explain it to others instead of raking in the money.