Why My Liberal Arts Degree Would Be a Huge Financial Mistake Today
I’d owe $50K more in school loans but only make $10K more annually
I’ve been rethinking the value of the four year bachelor’s degree in our current economy. I’m not alone — families wonder if the cost of a four year degree is worth it.
It saddens me that my liberal arts experience would be out of reach for me today.
Well, okay.
I suppose I could earn the same degree but the financial ROI on that investment isn’t what it was 25 years ago.
I know, I know…a liberal arts degree provides more than financial value.
At my liberal arts college, I benefited from small classrooms and never attended a class taught by anyone but a professor (i.e. no teaching assistants other than lab oversight). I learned how to think critically across several principles and made lifelong friends.
But I can’t overlook the financial hardship I’d bear if I made the same decision today. And who says I wouldn’t have cultivated critical thinking skills and great friends at a community college or a state-funded school?
But, even with the likelihood I’d bury myself in student debt, I would have…
