Is Getting A College Degree Worth It?

Our second show sees the Money Mastermind crew head back to school.  We debate what the value is of a university/college education is in today’s modern economy.  Discussion takes us from trying to quantify the return on investment offered by many post-secondary education options, to how college/university has evolved over the past few decades. We also talk about a few alternatives.

https://moneymastermindshow.com/episode2-is-getting-a-college-degree-worth-it/

Some important points made in this episode:

• Average debt of 2014 U.S.four-year grad $33,000, more than $1 trillion outstanding
• Average debt in Canada $26,000
• The cost of university per student has risen by almost five times the rate of inflation since 1983, and graduate salaries have been flat for much of the past decade
• Do colleges and universities post scientifically accurate numbers when quoting earnings figures relative to other education levels?
• Is there an imbalance between theory-based educations (traditional 4-year degrees) and more skill-based options (technical colleges and co-op programs)?

Panelists In This Episode:

• Glen Craig | Free From Broke
• Kyle Prevost | Young and Thrifty
• Miranda Marquit | Planting Money Seeds
• Peter Anderson | Bible Money Matters
• Tom Drake | MapleMoney