(Closed) Is it worth it to go to school for 6 years for only $20/hr?

posted 7 years ago in Career
Post # 3
3375 posts
Sugar bee
  • Wedding: October 2011

What degree are you looking at?

Could you go to a community college for the first 2 years?

Post # 4
3788 posts
Honey bee
  • Wedding: July 2011

It’s up to you in the end, though. If you know you’ll LOVE it and want to do it forever, it would be worth it to me as long as that is enough to live on for your needs.

I personally wonder this all the time. It looks like I’ll be in college for 10 years to make ~50K (though with promotion/raise potential of course), but I can’t help but wonder if I’m making a mistake.

Post # 5
14496 posts
Honey Beekeeper
  • Wedding: June 2011

There is a new movement that is quickly taking hold in alot of areas around the country, apprenticeship.  Do some research on it.  I heard about the idea on a radio program a few months ago and it really made me pause, so I did alot of research on the subject and am very much intrigued.  I have been talking about this with alot of business leaders in the area, and all of them were of the mind that college is not the commodity that it once was.  You may consider approaching someone in the field that you are looking at with the idea, along with some information to back up the idea.  You may be able to get into the field without going into debt over it. 

Post # 6
1150 posts
Bumble bee
  • Wedding: August 2011

The simple math is no. But nothing is ever that simple!

Post # 7
3176 posts
Sugar bee
  • Wedding: May 2011

I’ve been debating going back to get my masters and everytime I decide its just not worth it. The number stress point in my life is money and the main reason for that is my student loans. The job I have now does not require a degree (which irks me to no end) but I know that the job I want and need additional education for doesn’t pay a whole lot more than I’m making. So for me its not worth it. You have to weigh the pros and cons for you personally.

Post # 8
4824 posts
Honey bee

You need to look at not just what you would make coming out of school, but what your earning potential is 10, 20+ years into it. National averages are really deceiving so look at your own area that you expect to live.  IE San Francisco will pay drastically different than Kansas City

Also factor in other perks such as the type of companies you can work for and is it standard to offer pensions? retirement? healthcare?

And is this vs not going to school or going for a different degree.

And there is no way to value loving what you do.

Post # 9
911 posts
Busy bee
  • Wedding: September 2012

are you doing social work or psych? lol! I have a bachlors in psych and make 8.50 an hour working at a gift shop….its worth it. I am now going to school for health care…

Im actually on the phone with my student loans lender now ha!

Post # 10
907 posts
Busy bee
  • Wedding: March 2011

I’ve always believed that education is worth more than what you may or may not earn afterwards so if it something that makes you excited and this particular path would bring you joy, I think it’s worth it.  That said, it really depends on how much debt you will actually have.  I have been paying off student loans for about 9 years now with no end in sight and sometimes wish I’d used that money differently.  I probably wouldn’t change my actual education experience, but I do wish I’d prepared better financially.  Even “good debt” like student loans can be very stressful.  If you have the opportunity to pursue something you love, however, I think you’ll be happier than you would be pursuing something that pays a lot more but isn’t satisfying to you.  I know $20 isn’t a ton of money, but, depending on your lifestyle, you can definately live on that.  I’m curious to know what you’re interested in pursuing!  Good luck with your decision!  

Post # 13
535 posts
Busy bee
  • Wedding: June 2011

Well I went to school for 4 years (contemplating going back to get my master’s) for education.  I’m currently a preschool teacher making a few dollars over minimum wage.  In the future, I hope to be able to find an elementary school teaching job, but we all know thats not the best paid career either.  Obviously, I love what I do or I wouldn’t be doing it.  If its something you enjoy, I say go for it! I don’t go to bed dreading the next work day (I actually get really excited to see my kids!) and I think there’s something to be said for that.

Post # 15
242 posts
Helper bee
  • Wedding: February 2011

I suggest you volunteer doing related work in order to find out if it will be emotionally and intellectually rewarding. I’m currently finishing my PhD, so I’ve been in school for 11 years after high school, and I will be making less than $40K after I graduate and probably never more than $80K. For me, the work will be intellectually challenging and it comes with a certain prestige, so it will be worth it. Making little doing something you love I think is better than making more doing something you despise. You can always find a way to take fewer loans (scholarships, fellowships, work-study, going to school part-time, committing to a loan-repayment program) in order to make the payback less grueling. 

Post # 16
338 posts
Helper bee
  • Wedding: June 2012

I earned my masters and get paid $16.54/hr (in my field of study). But I live in Indiana, so the cost of living is lower. In California…eh, it’s probably gonna be tough. But if you love it, that’s a pretty important aspect in the decision making process.  There are income-based repayment options for student loans, which are helping me enormously; they won’t take more than a certain percentage of your income.

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