Vivek Wadhwa: How can

we now be sending a
message to children that
they don't need to go to
school? (Stanford
Professor)
Peter Thiel: There are all
sorts of vocational careers
that pay extremely well
today so the average
plumber makes as much
as the average doctor.
(Paypal Founder)
Whats the value of a
College Education?
Occupations requiring a masters degree are expected to
increase most rapidly between the 2012-2022 decade
followed by an associates degree, and doctoral or
professional degree.
The slowest growth is projected in careers with high
school diplomas and their equivalent (very few entry level
jobs)

What Else?
Jobs that typically require some postsecondary education
have higher wages.
Perspective on debt in higher education
Higher Education Bubble
Earning a bachelors and masters degree will not guarantee
a job for you or your child.
However, earning potential is still quite high as these degrees
do come with greater salaries over time
Technical school should be an option for your student
Lets Talk Please
Normative?
Yes.
In 2012-13, federal loans constituted 37% and federal grants constituted 24% of the
$185.1 billion in student aid received by undergraduate students.

What are the main sources of student loan debt?
between $902 billion and $1 trillion in total outstanding student loan (U.S. debt) debt
$864 billion is outstanding federal student loan debt
$150 billion is in private student loans


http://www.asa.org/policy/resources/stats/



So How Does This Debt
Affect Students?
The majority of borrowers still paying back their loans are in their 30s or older. Of the
37 million Americans with outstanding student loan debt:
Almost 40% of these borrowers are under the age of 30.
Nearly 42% are between the ages of 30 and 50.
17% are older than 50.
Borrowers age 30-39 carry $307 billion in student loans, followed by those under 30
at $292 billion, $154 billion in the 40-49 age group, 50-59 at $106 billion and the over
60 category carrying $43 billion, for a total outstanding debt of $902 billion.

Scared?
A college degree does increase an individuals potential for earnings:
In 2010, people ages 25 to 34 with bachelor's degrees earned 114
percent more than did those without high-school diplomas.

College graduates earned 50 percent more than did young adults who
completed only high school, and 22 percent more than did those with
associate degrees.

The median income for young adults with a bachelor's degree was
$45,000, and with an associate degree, $37,000



Take Home Lesson
Going to college should be a planned decision
Financial harm can occur if you are not prepared for the
obstacles ahead
College does not equate to instantaneous happiness.
Hard work still means something
Heart, passion, and good planning go a long way!
Credits
http://www.asa.org/policy/resources/stats/
http://trends.collegeboard.org/student_aid
http://libertystreeteconomics.newyorkfed.org/2012/03/gra
ding-student-loans.html#.U6yVcJRdXBE
http://www.tcsghopeinfo.com/docs/Strategic_Ind_Workfor
ce_Dev_Grant.pdf