So far their marriage is working out very well. They want children but of course, not financially ready yet. Lord knows if they will ever be.<quoted text>
what I will add is college was just a key to unlock doors for me.
The rest was up to me, or doors closed.
a college education over a average life will pay over a million dollars more than a HS diploma.
everyone is not college material and can make above statement foolish....like Bill Gates as example or Steve Jobs. Also plenty of people who started businesses and worked hard growing them.
College shows an employer you can follow directions and be trained. Also college developed critical thinking skills necessary to add value in business.
An individual who earns a degree who feels they are entitled to earning more money than a HS grad usually is unemployed.
bottom line......if it is to be it is up to me.
I agree that the loans folk take out will burden them for a long time. My alimony exceeded tuition at an Ivy league university, and I took no loan. It also had me living very uncomfortable making 5 figure monthly payment for 7 years. Now that the end is just a few months away I can save 5 figures monthly.
tell the kids not to get married unless they are positive it is real. Failure here is much more painful than any student loan.
I never said college was not a great thing, just in comparison to the cost. Several years ago I read that doctors who borrowed all their money for their education are not out of debt until the age of 40. That's over half of your life in school or paying for it. No wonder they charge what they charge.