Gen Z Says College Is A Waste Of Money (They're Wrong)

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Is college still a worthwhile investment? The popular belief is that college today isn't doing enough to prepare its students for the real world. With the price of post-secondary education increasing, people are left wondering whether it is still worth the money and the time.
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⏱️ Timestamps:
0:00 - Start Here
0:47 - Value of College Back in the Day
2:26 - Why College May Not Be Worth It
3:50 - Why College is Still ROI Positive
10:00 - Intangible Benefits

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2 июн 2024

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Комментарии : 240

@humphrey 17 дней назад

Is college worth it to you? Lmk in the comments. 👾 Join our free Discord Community too: discord.gg/humphrey

@sebastianrehbein 17 дней назад

To me college is worth it, but I agree about choosing the right degree. I have a BA in English, but that hasn't really worked well for me, so I'm now going to get a Master's in Accounting. Great videos!

@_Safety_Third_ 17 дней назад

College didn't do sh!t for me. Finance degree, good grades, no job offers.

@_Safety_Third_ 17 дней назад

College did nothing for me. Finance degree, good grades, no job offers. Worthless. 4.5 years wasted but thankfully I had a full scholarship so relatively little money was lost. I still would never do it again.

@shelladdition 17 дней назад

Never let schooling get in the way of your education

@chrissanchez3745 16 дней назад

As a graduate from 2023 (I’m part of gen z) I would say it was worth it. My degree was in Information Technology which is a STEM degree. It helped me with my current job at a large tech company and pays really well.

@yakefromstatefarm 17 дней назад

Its all about treating your degree as an investment opportunity, not just the mandatory next step after high school...

@humphrey 17 дней назад

agree

@claven3608 16 дней назад

Perfectly said. I would also avoid student loans (cannot be absolved in bankruptcy) with possible exceptio 12:53 n for really high ROI degrees like engineering. If a child is not sure let them work a couple years and look at trades. Never incur debt unless you have high degree if certainty on completing high value programs.

@austintaylor5683 17 дней назад

Just graduated and already have a job lined up as a Software Engineer. Every job I’ve applied for requires a degree and work experience, never one or the other. My advice is: don’t go to a college out of state due to the high fees, don’t go to college for something that isn’t difficult and doesn’t put you in a field that pays well, unless you are at a prestigious college, you need to be aware that college teaches you basically nothing and treat it like a license that allows you to drive but doesn’t mean you actually know how. Yes, depending on the field some jobs don’t require a degree but I haven’t seen one yet. Try your best to never do something for a living that someone could in a day-month of training. “If anyone can do it, make sure you don’t”

@SkepticalTiger 17 дней назад

Depends on location, school, internships and some luck factors. I've been in the industry for nearly 4 years now, no degree at a F20 company. Before FAANG were doing layoffs i was getting recruits contacting me. You don't need a degree for SWE, but it does make it easier getting a foot in the door. Once you're Sr. Level, at least in the US, degree doesn't really matter unless the company is that old fashioned.

@Madchris8828 17 дней назад

I pretty much say STEM or don't go.

@austintaylor5683 17 дней назад

@@SkepticalTiger I’m in Atlanta so plenty of opportunity and yea you are right buuuutttt. Most companies don’t give out entry level positions without a degree and then you can’t get to that “Sr” level of experience. The market is really bad right now. 10 years ago if you could write some basic code and you were fine. Now companies want a degree + 4yrs of experience with a mile long list of technologies just to get your foot in the door.

@ghostmane2643 17 дней назад

That's wild cause that's one of the easiest jobs to get without a degree.

@Madchris8828 17 дней назад

@@ghostmane2643 it's also probably the most oversaturated fields on the market too

@rockerdude22 17 дней назад

Your closing remarks are spot on. A two year technical degree to get you relevant skills and a job early is a great way to start your career with little to no debt. If you want to expand your job or progress your career, take advantage of your employer’s tuition assistance programs to get an advanced degree at a discount.

@ismaelderas 17 дней назад

Went into a trade school for electrical paid 20k for everything. Was able to secure a job paying 73 a hour!

@Kevin-fn1rn 17 дней назад

Unless it’s for stem, it’s more than worthless

@humphrey 17 дней назад

haha thats one of my points

@Flaccid_Banana 17 дней назад

As someone who has a stem major, If you aren’t going to school for a specific reason: being a teacher, lawyer, business owner, engineer, etc. then you shouldn’t be in college. Non stem majors are fine as long as you have a plan.

@lostintranslation57 17 дней назад

That’s not true. I got a degree in psychology and at making 80k. I know plenty of social workers who are making 80-100k, accounting jobs pay upward of 200k, and politic majors may work for a political campaign for low income but afterwards can work as lobbyists for 100-200k on average (not the most ethical career choice but still bets a great income). The issue comes when you don’t know what you want to do with your degree. If you know what career you want to go into, the growth prospect of that career, are doing internships and jobs related to that career while in college than you will 100% be able to make six figures very quickly out of college even if you don’t have a stem degree

@catman8623 16 дней назад

Not all STEM degrees are worth it.

@Flaccid_Banana 15 дней назад

@@catman8623 most are. What ones aren’t?

@Meedster08 17 дней назад

college also gives you a specific type of life experience which may be priceless to some people. To each their own

@e.t.theextraterristrial837 8 дней назад

Partying? You can do it without going into debt.

@MsKateC2K 17 дней назад

It's only been a few years since I got my bachelor's in mechanical engineering and it's already paid for itself many times over, incl getting a graduate degree 100% paid for by my job. I definitely think a big issue in the US is that people are going to university for the "experience" and don't really plan a career out for what they're actually studying. What makes that worse is not understanding how their student loans work and the predatory practices of these loans makes it so that people are paying astronomical amounts of interest in already expensive tuition costs

@Madchris8828 16 дней назад

If you get a usable good degree it can be worth the money. Plenty of degrees aren't

@mister4972 17 дней назад

I appreciate your insight and honest perspective....please keep doing what your doing 🤓

@zoe_max 17 дней назад

What a meaty content! I’ve watched all your videos already since I subscribed late last year. Thank you! - avid learner from the Philippines

@stewarthoi 17 дней назад

I’ve been working in the science field for over 20 years, and I can say my college and grad school education is absolutely not required for the work I’ve been doing. My work requires analytical skills, communication skills, knowledge in spreadsheets, etc, and a lot of common sense stuff, and none of those actually require anything more than reading work instructions and having someone show you how things are done My college and grad school diplomas were only useful as far as serving as entry tickets to the industry, as evidence of my capabilities. My side hustle, which also earns me another six figure income, requires no formal education at all, but that’s a special case. Until the whole system changes, getting a college degree still provides a chance (albeit not a guarantee) to get a stable and higher paying job.

@malachiwhite5955 17 дней назад

I graduated this year from Florida A&M University with a degree in Computer information systems and a minor in Computer Science I got a job after graduated that I networked and worked really hard to get.

@rosepink296 17 дней назад

In the bay, had no degree when I started my job. Worked my way up from 60-80k salary and just spent the last year getting my BS remotely while I worked. It was hard, and I spend minimal money but the long term opportunities it’s bringing me now that I’m looking for a new position is likely to net me closer to 120-130k TC. It definitely pays for itself. I only spent 20k on my degree.

@Art_Nelly 17 дней назад

I failed at college so I joined a program to get a corporate internship and now have a job at 60k. Not a crazy salary, especially in the Bay area, but still see potential to grow in my field and am happy I'm not paying student debt.

@MrCednumber1 17 дней назад

I'd say you didn't "fail" at college. Seems more like your college experience "redirected" you in another Life Direction. Good for you! I ended up in college about 6 years, dropped out 3 times. Didn't get a job associated with my major. I'm now a plumbing contractor, also in the East Bay Area of California.

@melindacoles7046 15 дней назад

Same here. I didn't finish college, so I did luck out with not having too much college debt to pay off. I eventually entered the corporate work at entry level, but I have moved up over time. A lot of people told me not to work in corporate, but I'm glad I didn't listen to them so it's worked out great for me. It can be stressful, but I'm doing better off then some other people I know where the benefits are great, there are opportunities to advance and I can work from home which saves money/time. So hang in there and great job on not having student debt.

@anastasiabalynska8624 17 дней назад

Worth it! I did not go to college, and I think I made the right choice for me. But I agree that some people should go to college, especially for hard sciences and technical fields.

@michaelsanchez1442 17 дней назад

I make $110k salary without a degree. I invested 10 years in the same company and worked my way up starting at $16hr.

@jasonpeng5798 17 дней назад

I make 210k with a degree and I’m an entry level.

@nwj03a 17 дней назад

@jason Your degree is in lying

@Madchris8828 17 дней назад

I have a friend that has worked in construction who makes more than his wife by a decent amount and didn't get an expensive degree or any specialized education. Plenty of people like that too. I think these studies don't account for enough variables. I even have a relative who works in financial stuff that straight up says STEM or no go for college

@Madchris8828 17 дней назад

@@jasonpeng5798in what field. Is it science technology or engineering? I would certainly hope so because many of those degrees cost over 100k and most people can't just afford that

@chrispbacon7533 17 дней назад

Then the gender studies want you to pay for theor college

@nicolasblanc1567 17 дней назад

Idk much about the cost of college, but being on the hiring committee for a large biotech company in San Diego, I can say that many of the new graduates we interview do not seem to have the ability to think critically about a problem. Many simply expect to get a job because their degree matches the title of the position they are applying for. Now, I am only in my 50s, and maybe my experience is not the norm, but it seems that kids nowadays are just going through the college degree printing machine, and graduating with X degree, without actually knowing basic concepts I. The subject. Idk, just my opinion based on what I see on a weekly basis.

@humphrey 17 дней назад

Good to know... I wonder why that is

@MrCednumber1 17 дней назад

@@humphreySeems to me a sense of entitlement probably plays a part. Having a degree may reflect book smarts and not transfer to practical real world life for everyone. 1

@IIIdarksaberIII 17 дней назад

I think it's always been true that many people graduate without learning strong critical thinking or other job-ready skills What's maybe different is the perception that arose that college is sufficient (and not just helpful) for a strong career

@ThomasDaly-ug1yc 14 дней назад

Great video, very informative.

@jctable7 17 дней назад

I’d also add that depending on your situation, financial aid could help cut the cost of going to college and improve the overall ROI drastically. I’m referring to more than just student loans (i.e. scholarships and grants). The ticket price of going to college isn’t always the final price, but that can vary tremendously given your financial situation and what type of aid you qualify for.

@richardc553 17 дней назад

I've been working as a mechanical engineer for ~7 years now (with a BS degree), and I was VERY fortunate that my parents were able to pay for my tuition. I DO NOT regret the friends and memories that I've made in college, but I honestly do not think that the pure education aspect is not worth today's cost. I could honestly do my job with ~1-2 years of specialized training instead of a 4-year degree where they force you to take classes that don't relate to your field (in my case: English, economics, anthropology, music, photography, etc... I could learn these things on my own instead of paying for a filler class). Also, a lot of my professors were f*cking horrible and I had to learn most of my material through textbooks! Now, would I have gotten my job without a 4-yr degree? Probably not... But I do acknowledge that I only use a small portion of what I learned in college for my job. Let's be honest, the whole system is f*cked.

@catman8623 16 дней назад

I agree.

@manoftomorrow5987 15 дней назад

I’m in accounting and it’s different. BUT what you learn in school is just the basics…you still need the real world experience and to constantly up your skill level in my field. With every career that’s standard…there’s only so much you can learn in school…nothing beats real world experience. When the education pays off is as your career advances when you have the certificates to go along with your experience you can start to demand as much salary as you want…but once again, you constantly have to keep upping your skills and keep getting real world experience.

@rangequeen 17 дней назад

Very well done, as always! College is great for high skill/high demand careers. For most average office jobs, no. The way you go about it is so important, keeping costs down. Doing generals at community college and not spending triple to go to X famous college, nobody cares where the degree came from.

@rodrigosalazar1766 17 дней назад

I am 38 years old.I joined the workforce at age 20 with an associates degree in computer science. Made a decent living 60k-90k; however, i went back to school and earned my bachelors degree at age 35 and my salary has doubled in the last 3 years. I attribute part of that growth to my bachelors degree

@miguelortega8331 17 дней назад

I agree with your points. I went to college to get a degree in order to become a teacher, and I love it. I think college can be worth it, as long as you are pursuing a field that is in high demand and where jobs are needed.

@LazzarrusLong 17 дней назад

The idea that college is “not valuable” to an employer (and hence to oneself) is simply a dumb meme trend. Gen Z is basing a major life decision and opportunity on internet mob mentality. Not a good move. Anecdotally, I am a hiring manager and you can bet your bottom line that I look for, prefer, and hire qualified candidates with a college degree over those with merely “experience” (which often consists of retail customer service and is therefore practically worthless).

@Flaccid_Banana 17 дней назад

I graduated with a mechanical engineer degree. Now I work in an industry that does not need a degree and I make $170k a year plus overtime. Most of my coworkers have degrees but a few don’t. I would say if you don’t have a degree you can make it, but it will take a lot of applicable skills.

@davidthistle91 17 дней назад

@Flaccid_Banana could I ask what you do? I’m an ME and have been looking to switch things up.

@Flaccid_Banana 15 дней назад

@@davidthistle91 I started working in the power industry as a generator operator.

@Alexandra11090 17 дней назад

Thank you for siting your source.

@eq2092 17 дней назад

The type of degree you get is what's important as well as minimizing the cost. I joined the military served for 4-years, then used my GI Bill to pay for an Engineering Degree. For me it was more of a time commitment than a cost issue. Big plus was I meet my wife at University and know have a solid career plus a family.

@jbobby1841 17 дней назад

Part of the disconnect is people going to college just to go to college. My cousin is a sophomore in college and is still undeclared. If you don’t know what you want to do after a year in there is a problem. The other issue is the lack of foresight for some majors. A history major is an accomplishment and a very hard major from what I’ve heard but what are you gonna do with it? Be a guest with a minute of air time for a documentary? As a recent college grad these are the two main issues with college today

@joelplatt2651 17 дней назад

If I’m going to be screwed either way, why would I waste 4 years to be screwed later?

@Madchris8828 17 дней назад

But why not take 100k in debt 😂?

@funtechu 17 дней назад

Wow, what a positive outlook on life

@wafercrackerjack880 16 дней назад

Yep, stay away from college. We need trash collectors and janitors.

@VitalXtreme 16 дней назад

@@wafercrackerjack880I didnt go to college and found a career as an Electrician. Once I obtain my journeyman license I'll make $55/hr starting. The trades in general pay you to learn and when you do graduate you dont have any student loans. My employer is paying for my schooling. Thats how it should be. My trade specifically is in demand so there are countless options for employment and growth. I also will already have 4 years experience by the time I graduate which makes your resume look even better.

@aliali-ce3yf 17 дней назад

Only go to a 4 yr college if you plan on becoming an engineer, for computer science, pharmacy, nursing, or eventually going to grad school to become a doctor or lawyer. Ideally go to community college for the first year to get all the intro courses out of the way for cheaper. If you want to become a teacher or social worker - go to community college all the way. Other than that , there is no point for college. Go to a trade school and/or get an apprenticeship OR get a job in the postal service or join the police force or armed services If going to a college, never go out of state unless you're going to an Ivy or Stanford, and only then if you're getting a full scholarship.

@marklechadores5574 17 дней назад

My 1st thesis is that the research is privately funded by a ghost company that will deter younger generations from pursuing post secondary. Having a post secondary education regardless of industry is still valued by employers and individuals will be highly valued as employees having credentials in their fields. Skilled Trades is the most valuable "degree" from post secondary.

@AeroEndeavour 17 дней назад

Where the hell does school cost $115k/year? I got my degree at Cal Poly Pomona in California and it cost me a total of $16k

@HH-le1vi 17 дней назад

I'm pretty sure that's for the entire 4 years. Not per year

@shinkoo 17 дней назад

I think taking generals are the most useless thing in college

@Mike.D.Lindley 17 дней назад

a major problem is the other face of the "a degree no longer gives you a competitive edge" coin is that NOT having a degree now puts you at a significant DISADVANTAGE when it comes to entry level work (where nobody has the experience/skills that companies supposedly value more). When it comes down to any pair of basically equal candidates, one WITH a degree will almost always get chosen over one WITHOUT a degree even if the field of study for that degree has nothing to do with the job itself. The company needs SOMETHING to be a tie breaker between equal candidates, and the degree is an easy one for them to choose. Until companies resolve to no longer giving preference to an entry level candidate who has a degree in an unrelated field of study, this dynamic will continue to exist. People will still "need" college- not for the competitive edge, but to avoid the competitive disadvantage of not having one. Due to this, the demand for college degrees will still be unending, and if students continue to be lent ridiculous sums of money to pursue degrees that don't actually make any financial sense to earn (which banks will happily do because they can't be discharged in bankruptcy) there will not be the proper market forces to make college costs regress to the mean.

@andreapayneconnally390 16 дней назад

There's a line in the study that is SUPER important. It is degree dependent. In the study an enthic and gender study major from Harvard can expect an ROI of $75k. The most important determinant of ROI is the major one chooses.

@TylerBorden 15 дней назад

1980 pop = 226.5M | grads 940K -- 0.41% 2021 pop = 333M | grads 2.06M -- 0.62% Double grads but job openings should track close to pop, so more equivalent 1.5x grads per jobs compared to 1980s

@rebeccahiraheta5010 14 дней назад

I found this video to be super interesting ! So basically I’m at the end of my journey at community college and I’m just curious about the ROI of degrees from more prestigious universities versus public universities in the US. I can definitely see how major plays a role in landing a job after graduation, it seems as though people whom take humanities based majors have a much harder time getting a job after graduating so maybe a vid on degree prestige would be interesting to see ? Just a suggestion

@dirante 17 дней назад

Your total cost of college number is misleading. There are plenty of state schools that cost less than $30k total. It is extremely easy to get 4 year degree at an affordable price but people only focus on the most expensive and prestigious schools.

@brandonrichardson7248 17 дней назад

Got a degree in civil engineering in 2013, 1000 job apps around the entire world for engineering over 2 years, never got a job in my major. Floundered in retail until 2022 when i finally got an IT job based on a referral , half my coworkers didn't have a degree. Recently got a promotion due to referral. If i could return my degree for a turkey sandwich i would. On the plus side I'm in student loan debt for a worthless degree.

@kathaiti 17 дней назад

It's all about who you know.

@kathaiti 17 дней назад

It's all about who you know.

@brandonrichardson7248 17 дней назад

Big facts.

@VincenzoBarkasy-dm4or 17 дней назад

I want to disspell some information on the art major as it is often dunked on for being a poor career choice and frankly its getting tiresome to hear. Yes there is a lot of truth that many art majors dont directly translate their skillsets to a traditional office job and art to a large degree can be a commodity. Commercial art on the other hand is another story. Being an adjunct professor for the last 6 years at a high esteemed art university and working proffessional in concept art and entertainment design. This field can be very lucrative with most colleuges making more than most lawyers, doctors or computer software engineers. The bar to entry for that level is just very high and competitive. I definitely agree with a lot of points mentioned here and regardless of the "degree" its really a mindset/personality situation. Some people need others to guide them while some are self disciplined. Little less dunking on us working creatives would be appreciated thanks 😊

@Raphanne 17 дней назад

Grateful to be from a country that didn't charge me an exorbitant amount of money for my education and even allowed me to study abroad. I paid less than 500€ a year for my bachelor degree, even got a scholarship to go study in the UK. Then I was paid to do my double Master's degree, one in France, one in the UK. I ended 2018 with two Masters, 20 000€ saved in the bank, and a job lined up. That was a good year. If I was from the US, I wouldn't study there, I would find myself a nice study abroad program in a country that values education and doesn't want to bankrupt its citizens.

@nik1800 17 дней назад

Liberal arts degree is definitely not worth it. 😳

@humphrey 17 дней назад

Probably not, but it doesnt mean those graduating with a Lib arts degree will *never* make money, its just generally they probably wont see ROI that quickly

@RoyalRadiantJade 16 дней назад

I Have a BFA. I would say I agree that it is only worth it if you use it. I am using so many skills I learned in school and my job is related to my degree. Don’t go to a private school and go to a place with a good program with good connections. Things I learned to from college outside of my degree is time management, collaboration skills, craftsmanship, the ability to keep learning on your own and to seek out your own learning opportunities, and how to network. Don’t do things for a piece of paper and learn everything you can because you’re paying for it. So many people waste money for a paper and gain no knowledge and it is just useless.

@Madchris8828 17 дней назад

I also think there are courses and certifications that people can get that can greatly improve their career outlook without the massive expense of a traditional college

@humphrey 17 дней назад

Yes, also true and something i advocate for!

@Kalarandir 17 дней назад

From my experience, and anyone I can think of, college was 4 more years not to grow up. Points 2 & 3 though are well taken.

@F_Du_Sea 17 дней назад

$10,800 in 1980 is equivalent in purchasing power to about $41,096.10 today.

@grant2917 16 дней назад

Unfortunately, some fields/occupations just require college to even legally be able to do them. E.G. I’m a licensed marriage and family therapist with a specialization in sex therapy. The specialty didn’t require certain degrees and isn’t a state-regulated thing, but being an LMFT therapist is. Can’t do it without grad school and state licensure, period. It’s too bad certain occupations have these kinds of barriers (which aren’t about skills/expertise per se, but about legality and licensure) when others do not. As long as I wanted to be a therapist, “school or no school” was never an open choice. In that sense, school was 100% worth it, not because of an ROI equation, but because a reality of legal barrier of entry. I imagine the same could be said for most state-regulated fields like medicine, law, etc.

@xiphoid2011 17 дней назад

The reason for asian american being more successful than most is (1) we study hard sciences which have lots of high paying jobs, and (2) we go for doctoral levels, which pays even more and is even more securem The main reason why today's college degree is worth less than 80s is back then only the good students can get to go college and they studied good degrees; today even mediocre students go to college and waste a ton of money on degrees have no job or low pay, dragging the average value down. Education is an investment, treat it like one. Know the pay/worth of a degree before diving in.

@Kayla11113 17 дней назад

It depends on what you study. Students in STEM make great money. If you are studying something with no value it’s not worth it.

@quellfalconer 17 дней назад

I think in general that going to college is a good idea - with the proviso that it's done in a financially sensible way (e.g. minimise debt taken on to go). - There are some careers that require college. Want to be a neurosurgeon? Then college will be just the first step in a long journey in education. - A college degree stands out as it becomes more common but then not having a college degree starts to look like you're lacking the basic qualification other competitors have. Will that mean a non-college graduate applicant will be offered less pay for the same job? - Lots of trades (at least in Australia) pay as well or better than white collar jobs but are much more physically demanding. Is it still a good career choice if you'll likely to leave it early and with physical injuries?

@lawoman608 16 дней назад

I still believe in education and college degree. Got my BS in Computer Science in 2002 from state university. I am so greatful and trust me, I have worked so hard. They made us problem solvers, not an expert at each topic. That made sense to me and still does. I know things are changing, and I don't know what's right or wrong. I would recommend Gen-Z to get a college degree no matter what. As my mentor told me once, "It is one thing no one can take from you." So, now you know.

@LejunglerenardThejunglefox 12 дней назад

I enlisted in the Marine Corps as a Aircraft Mechanic while going to college full time to study Mechanical Engineering Technology. I did it to flesh out my resume and opportunities. I also applied to scholarships religiously to not just offset the cost but to build networking with these companies and organizations that are looking for people of my caliber.

@Shineonfriends 17 дней назад

I paid way more in the 1980s for tuition and room/board than what you quoted. What is your data source?

@Geecheeboi 17 дней назад

as someone with a master degree, I can thoroughly say, find the field that fits your skill set and mind set and get a masters degree that you will use for most of you career.

@fabbz94 17 дней назад

General Ed classes are such a rip off. If you could actually just take the core classes i would think about going back to school.

@ArtgGar27 17 дней назад

It can be worth it! Just choose wisely. Cost for K-12 School Professional: 2 yrs Community College: $1K 2 yrs BA degree @CSU: $20k Grad degree @CSU: $30K Starting salary: ~$80K

@truemusic1 17 дней назад

In all honesty I think for many careers, a four year bachelors centered on theoreticals doesn't make or break a 30 year career. But continuing to grow and diversifying skillsets (both hard and soft skills) can make someone more valuable and harder to replace. Someone with an arts degree may be significantly more adept at running ops than the engineers themselves - because they can maneuver human complexities in the team and make things happen. A degree only provides a first set of tools, giving you a slight edge over the competition, but it's not as if people stop getting additional certifications, continuing education, and acquiring other skills through their careers either. It sounds dumb - but learning how you learn best is also part of that post secondary education journey and you can't assign dollar valuation to it. What it definitely shouldn't be is an aimless time-filler after high school.

@MichaelJones-wj4mo 17 дней назад

My choice was between going to college in my home town with a ton of luck in scholarships and staying with my parents or going out of state with almost no scholarships. I chose the former and I can’t tell you how grateful I am for that today. I switched out of my music degree my senior year and into engineering, which I don’t think I would ever have had the courage to do if I had the sunk cost in 50-100k of student debt. Instead I’m debt free and investing more than 25% into retirement. The scary thing is how close of a decision this was to 18 year old me. I don’t regret my years in music school at all, but I would’ve severely suffered if I had to commit to my degree AND was under student loan burden

@BlackTheEngineer 17 дней назад

Gen Z (im part of gen z keep thinking this, as less graduates come into the engineering field ill just be getting paid more and more, already 2 years after i graduated im making $100k

@CustomerRelationsManager 16 дней назад

Very interesting video.....a State College degree is still cheaper and highly valued in your tr-state area!

@melindacoles7046 15 дней назад

I think it depends on what career you're seeking, but I would lean towards no for most people since most jobs are obtained by all in who you know or having experience which they don't count college as work experience 😢

@trackee2024 17 дней назад

You should compare to trades people not just all non-college graduates. Your plumber, electrician, heck even UPS drivers tend to make 100k+ per year.

@aliali-ce3yf 17 дней назад

people like to boast about this, but its not all sunshine there either. it gets competitive for those jobs too plus those jobs can take a toll on your body . its really a matter of pick your poison.

@doctorcaptainalex 17 дней назад

A nursing degree from a 2 year community college is a solid choice. Then while you work, finish your bachelor’s at an online school for like 10k. All in all you’ll spend around 25k for a job that’s in demand everywhere, that pays more than most other jobs (in the US), and is so vast that you can find a job that suits your needs.

@cheeseballs3825 7 дней назад

A couple good ways I know to make it without a degree is construction and restaurant management. Get your foot inside panda express and you're golden. As long as you're not an alcoholic or drug addict, and have a drivers license, you're ahead of 87% of people in construction! You can rise to the top!

@darksideofthemoon19 17 дней назад

College degree + license =$$$ that’s what they don’t tell you at universities.

@jacksonbliss 17 дней назад

As a former academic, I can confidently say that college is never worthless but that doesn’t mean it’s worth the cost of attendance either. Humanities majors in particular will never pay their student debt back unless they’re blessed to get hired for a generalist position because the labor market doesn’t reward their skill set outside of academia (and the academic labor market has been horrendous for over 30 years) ✌️

@DM-ql6ps 16 дней назад

College can be worth it depending on your field and where you go. Don't go out of state unless you have good scholarships. Don't enroll unless you know what you want, just going aimlessly "because it's what parents/family want" is a recipe for debt and no real career skills. Not all degrees have earning potential. Look that up before committing to a program. Consider trade schools. Take a gap year or two if you are unsure or need time to think about it.

@amitabhstatton3236 17 дней назад

I graduated from college. The degree helps when you are on dates and you say graduated-- I got the door shut in my face on a lot of dates when I said I didn't graduate from college.

@FlyingAnna 16 дней назад

Hey, Humphrey? Are you going to FinCon this year?

@ghostmane2643 17 дней назад

$400k for a degree these days 😂😂😂

@mbank3832 17 дней назад

While still requires you to have 5 years experience that pays like 40k…

@humphrey 17 дней назад

sheesh

@jasonpeng5798 17 дней назад

That’s pretty much only Ivy leagues (which already give INSANE financial aid for those who can’t afford it, by the way) and this video already says the ROI for an Ivy League university is 4 million. So assuming a working career for 30 years you’ve already compensated for that 400k tuition within 3 years.

@xiphoid2011 17 дней назад

Tuition of UT-Austin, a Tier 1 university, is only $12k/yr. I did undergrad there on full scholarship. My part time job and summer internship paid for room and board. I graduated with degrees in 4 years while only owing $350. Sometime, being Asian is OP. 😂

@stevenluo9516 17 дней назад

@@xiphoid2011 Limitations and exclusions apply. Must be Texas resident, least for "tuition purposes" (possible domestic student too). Must be towards the top of the class for guaranteed admission. Limits on number of credit hour attempts apply.

@Thomas-po4ex 17 дней назад

For me at least, having graduated about 3 years ago with a bachelors in Computer Science that degree feels worth it. My salary just seems to keep going up every year and more than inflation. The position I am in now would be way more difficult if I did not take the engineering, statistics, and mathematics classes I had to take in college. I work as a software engineer, but as part of my job I also focus on hardware, communications, and mathematics which my college courses have been very helpful with. I definitely would not have qualified for my current role without my college degree. I had 40k in debt after graduating college, mostly student loans, but I paid all that back in 1.5 years after graduating, while still contributing 20% of my gross pay towards retirement, so my CS degree seems to have a solid return on investment. But it definitely was stressful getting my first full time software engineering job and if I didn't land a well paid position my situation would likely be worse now. College can be a bit of a gamble especially when you pay for it with debt but it seems to have played out well for me at least and I do not regret getting my Computer Science degree nor do I regret taking out the student loans to get that degree.

@tobiasthederp 17 дней назад

You're telling me that if I major in French-Irish Polka Dancing History that I wont find a job that I earn more than $18 an hour? That's shocking!

@peterwilder752 17 дней назад

Avoid loans as much as possible, pick public schools and stay in state, and i promise the yearly sticker price average of 29k can be vastly undercut. I still view college as worth it to the average person. Its just not worth taking on unreasonable amounts of debt for

@jyan21 17 дней назад

It depends on the major.

@JoeyLeBlancMusic 17 дней назад

My starting salary will be between $70,000-$80,000 and I owe less than $30,000 in student debt making my degree value = 2.5 I’d say I’m doing okay 👌🏽 (I commuted and paid a lot while going to College)

@fabbz94 17 дней назад

Congrats!

@subwayfootlongsub 17 дней назад

dropped out of college ( was going for nursing ) but didn’t want to work a 9-5 my whole life so i self taught software engineering and got a job within my first year. college for the most part is overrated in my opinion but i still recommend most people go, especially people pursuing jobs in the medical field.

@subwayfootlongsub 17 дней назад

also applied to jobs that “required a degree” and was denied here and there but the job i currently work at and make over 100k in ALSO required one and here i am.

@humphrey 17 дней назад

wow self taught and got a job within your first year? Congrats, thats amazing.

@subwayfootlongsub 17 дней назад

@@humphrey i can’t lie, the studying i did during that year was like a full time job but then again college can feel that way sometimes too. whichever path someone chooses, it can be done.

@subwayfootlongsub 17 дней назад

@@humphreyand thanks! love the content!

@adamasimolowo8285 17 дней назад

too many layoffs in software dev

@darksideofthemoon19 17 дней назад

Every time I bring up 2yr college it gets disregarded just like how it was mention in the last minute of your video lol.

@nukeawaynukeaway3466 17 дней назад

Great video. I have been saying for years that college is a scam. I'd be curious how military service affects these numbers. Say you do 20+ years, retire with pension, and start new job at $100k/year.... Combined with pension that is a significant salary.

@genxtechguy 16 дней назад

It is really dependent upon the degree you get. A liberal degree in gender studies (or basket weaving) isn’t likely going to lead to a lucrative career in that field (likely a career as a barista), but partying in college is fun and it’s not a hard degree. Engineering, computer science, physics, finance, doctor … hard, and potentially lucrative in real life. There you go.

@me0101001000 17 дней назад

I have a BS and MS in Nanoengineering, an MS in Materials Science, and working on a PhD in materials science. I think College is VERY MUCH worth it.... provided you know that it'll be good for you. I've built a powerful technical foundation, a great peer network, learned valuable life skills, and even made connections with some very powerful people in my field as well as outside of my field. Also, I know for a fact that I want to go into academia and the startup world. There are some fields where you need the formal training, no matter what you want to do. In the cases of medicine, law, and the cutting edge of engineering, that has been true, and will be true for the foreseeable future.

@acausedelle1547 17 дней назад

Fellow MES MS grad here. Its well worth it!

@KRYMauL 14 дней назад

A private college education costs $75k per year in 2024. That is not worth it; get an apprenticeship. EDIT: Forgot per year.

@isaacchapman7628 17 дней назад

I'm 24 with no degree, making about $45k a year now doing electrical work. Spent a lot of savings figuring put how to "live on my own" during COVID, but I managed to save up a down payment on a house and found one in early 2022. Never had any debt besides my mortgage, and I never got any financial help from my parents besides my mom giving me $2k years ago when I started the savings account for my down payment. I make more than enough to pay my bills, repair my house, and play around a little. Even went to visit Japan last month. Maybe when I finish paying off my mortgage I'll consider going to college and getting a cert that'll let me work remote, and then move to a country where my dollars stretch further.

@Madchris8828 17 дней назад

Does outearning even matter if people end up in lifestyle inflation, don't invest and end up broke anyways? Because thats most people. Earning more money doesn't matter at all if you live paycheck to paycheck. Unless you just enjoy "looking" rich. These studies don't account for that probably at all

@IamAWESOME3980 16 дней назад

My pick up line when dating. I graudtated from your school too!(true or not no matter). She instantly becomes mine and wanted to have my children. Yeah, college has more benefits than just returns on investments.

@Ginger30161 15 дней назад

Starbucks love to hire those with advanced degrees in esoteric areas. They make great baristas.

@pentrubarbati 17 дней назад

Doing gener studies or marketing is pointless but doing medicine or law schol can help you earn a lot ... most people do useless degrees and expect to get payed a lot for that without bringing real skills to the table ...

@acausedelle1547 17 дней назад

My degree in materials science tripled my income from 35k to 105k. Esoteric, in-demand fields like mine are the key to having a steady, well-paying job.

@CalmerThanYouAre1 17 дней назад

Not really relevant comparing college graduates to those with a high school diploma. It would be much more impactful to see the value of college grads vs those who pursued other high value skills that only require short certification periods: cybersecurity, programming, IT, electricians, plumbers, welders, etc. Once that analysis is done, and the harmful effects of ideological indoctrination are added on, it’s difficult to make a compelling cash for most college degrees.

@jeremiahdavis8681 17 дней назад

Explains why a lot of Doctors and Nurses I knew have artistic skills, but aren't artists.

@Eugenewong794 17 дней назад

And that ladies and gentleman, is why asian parents frown on arts degree, and insist we take stem or law related degress

@Courtney-Alice-Gargani 17 дней назад

This all depends on your job if college is necessary.

@humphrey 17 дней назад

yep!

@crashtestdummy1972 17 дней назад

Let's be honest, if you are doing a trade or career that you can do with a certification, then yes, college is an absolute waste. If you are already in a field where having a higher degree will give you tools to tackle a more difficult job, then yes, school might be worth it if the ROI is good.

@JefferyBurke300 17 дней назад

College was not for me. So I got certifications for my field and moved on. My industry cares more about experience.

@beaveronabike 17 дней назад

It's a tough call for this demographic. Someone willing to put in the effort can probably do better than most college graduates by starting in the trades & building a business. The shortage of these folks is real and growing. Supply and demand, ya know. Plus the guy working a trade is making money sooner, maybe right away, and burdened with much less debt. IME the college experience is overrated anyway.

@moozillamoo2109 17 дней назад

Education-industrial complex doesn't need another shill.

@MiddleAgeAsian 17 дней назад

This isn’t news. Gen Z needed to be smarter about picking a major. Their counselors and parents needed to be more responsible in steering them toward something that has a positive ROI. Art majors may be fun but the data is there that the starting salary for a job in the art field isn’t going to pay the student loan. Just poor decision making by Gen Z

@isaacl6402 17 дней назад

Ya ppl def thought for the past 10 years or so that college was a magic bullet that would get u paid more. But if we are being realistic. It’s only worth it if you go into STEM. specifically engineering, healthcare, or business Almost everything else you’re rolling the dice on whether you’ll make money when u get out

@Nerdificationing День назад

A degree is worth it - just needs to be in a useful field: medicine, engineering, law etc guarantee a high paying job.

@JoshuaFitch 17 дней назад

Stop bashing history majors! I have a history degree and make $300,000. In a totally unrelated field....

@JohnDough-sl6ku 16 дней назад

dude, you can sell everything in your portfolio put everything into NVDA for 5 years, and it will turn into 30 million NVDA will not have competitiors for 5 years If you actually know anything about their CUDA GPUs. Unbeatable, Intel and Google can try, but they are still babies in this market