We may be dating ourselves quoting an iconic movie from the 90’s but dang, its application is everywhere. How do we judge a college? How do we judge a degree? To us, there are 2 ways and 2 ways only. Happiness and Money. We can’t judge happiness for you, so you are on your own with that one. Lucky for us, we can judge money through statistics, our best friend. What is a proper ROI (Return on Investment)? 10x, 20x, 30x your invested capital over a 30 year working career? It is up for debate, but our rule of thumb is that anything below 90% we consider a bad investment.
We do want to make one thing clear. We do not advocate not getting a particular degree. We realize there is a happiness component to your life and that is subjective person to person. However, there are 2 things you can do to increase your ROI.
First, you can increase your salary. The unfortunate part of this, is that one can’t predict the salary they are going to get before you embark on your college adventure.
Second, reduce your college costs. As the article states, if you reduce your college costs by 10k, than your ROI shoots through the roof and crosses the 90% mark immediately. What does this tell us? It’s more important than ever to fully understand all the ways you can reduce you expenses and we are excellent at coaching you through that process. Check out how EDUsquared can lower your college costs HERE.
Check out the article HERE.