William Jewell College Financial Issues

[r14veer]

I'd also tend to argue the top 10% skew that number greatly as well. Just b/c you "go to college" and "get a degree" doesn't really mean you're earnings are related to the degree. Generational wealth probably has a great deal more to do with those numbers than a degree or lack thereof.

They skew that average maybe a few thousand dollars averaged across everyone who has gotten a degree (approx. 30+% or around 100 million people). That's a lot, but it doesn't skew it as much as it would seem.

 

[Eagles_Ball]

They skew that average maybe a few thousand dollars averaged across everyone who has gotten a degree (approx. 30+% or around 100 million people). That's a lot, but it doesn't skew it as much as it would seem.

I assume these numbers also reflect only graduates that are employed? Is it jobs that require a degree? Or is it those with a job that have a degree? So many variables. Degree type? IMHO, it goes far beyond just having a degree or not having a degree. The important part is having a plan.

 

[r14veer]

I assume these numbers also reflect only graduates that are employed? Is it jobs that require a degree? Or is it those with a job that have a degree? So many variables. Degree type? IMHO, it goes far beyond just having a degree or not having a degree. The important part is having a plan.

A plan and the work ethic to see it through.

 

[OldeCoach]

Showing up to class and showing up to work are far different. Gimme blue collar anyday

One would think! I know a construction company that had blue collar workers getting prevailing wage and you didn’t know if they would show up or not….also have 25 year plus employees making more than I was with advanced degree! I will take them any day!!!!

 

[mosofan]

Many jobs that require a college degree would probably be far better served by using apprenticeships. By that same token, though, a college degree means that, on average, you will earn $24,000 more per year (and the gap is widening quickly) than someone who does not have one, even with the mountain of debt you may accrue and that you will, on average, earn more than a million dollars more in your lifetime. Until that statistic moves significantly the other way, the Sally Mae model will continue.

I saw a report last night that this is based on median wages for both categories, so it does not get skewed much at all by the top 10%.

 

[hangmanbobbyjaggers]

There was a private in StL that closed last year. Fontbonne or something like that. Enrollments are down nationwide. Upper Education is overbuilt and we're going to see more of these. Lincoln has also been facing issues.

True Fontbonne will no longer be after this year.

 

[Eagles_Ball]

I saw a report last night that this is based on median wages for both categories, so it does not get skewed much at all by the top 10%.

You have a link? I'd be curious to see what is exactly behind the numbers. Are we talking just those with jobs? Or are we talking purely salaries of jobs that do/don't require a college diploma? And if it's truly "median" that's merely the middle most salary with no indication how many employees reside in the middle. It's really easy to make numbers to say what you want them to say.

And this isn't even taking into consideration if we are talking "diplomas" or "certificates" or just "high school graduates". My point in all of this is don't be a sheep to the college loan debt crisis. Find a field, certificate, juco, scholarships, aid...WHATEVER...but don't sign up for XYZ university at $30-50K annually and finance with student loans. That's a bad plan. It's about as equally bad a plan as someone who drops out of HS or graduates HS but has no real plan beyond that.

I'd love to see something that compares "diploma" salaries versus "certificate" salaries, while also comparing the difference between the cost of the diploma and certificate. While we're at it, let's see who's behind all these studies. Wonder if it's those colleges or the federal government or the financial institutions, better known as the agencies that profit from federal student lending.