Tuesday, June 17, 2014
I can't open a newspaper or a magazine that there isn't some boo-hoo article about college debts and how will kids pay for all this. Well, I have to look no further than Mom and Dad for not saving for their kids education and not giving them better council on what to get their degree in while they were in school. I also can't say enough about the choice of schools either. What were they thinking when they went to a school with $50k/yr. tuition? And to top it off they got degrees in History or English or some other field without a prayer of making a decent income for all that expense and effort.
I was aghast at finding a friend of mine had managed to rack up $140K in college debts. What are these folks thinking when they sign on the dotted line. The average graduate these days comes out with about $25K in college debt. The media is making a big deal about this and I have to ask why? People routine sign on the dotted line for a new car and all they are concerned about is the monthly payment. They quickly forget it is for 60-72 months and they have a worn out piece of rust when it is finally paid off.
Parents have the obligation to help their kids pay for college and at the same time direct them to a course of study that has a job waiting at the end of four years. They also need not get all gushy about which school their kids attend. Not once was I ever asked where I went to college. Employers are more concerned about putting your kid in a room with his sheep skin and can he or she solve a problem. Critical thinking and problem solving are more important to employers than where junior went to school.
The idea that grants and free money from the government will be there when a kid graduates from high school is a myth. Start saving for their education the day they exit the birth canal and send them to a state supported school in-state for their undergraduate degree work. Grad school is another matter but in-state is still better than a place that will place a financial burden on the family or the student.
Make them take 15 units or more each semester and get the hell out of college as quickly as they can. This means advance placement in high school and they can be out in a little over three years or less.
Posted by Paul Alldredge at 9:50 PM