What’s the real value of a college degree? Understanding that many benefits of education are intangible, in an era when student loan debt is higher than ever before and post-graduation employment far from a sure thing, most prospective students want to make sure that their tuition dollars are an investment in their future. PayScale’s recently released College ROI Report ranks schools and majors by the return students can expect from their investment. In today’s #PayChat on Twitter, we asked readers to share their experiences.
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Welcome to #paychat – today we’re discussing the value of a college degree or #collegeroi.
— PayScale (@payscale) March 25, 2015
Let’s get things started – Q1: What is the purpose of a college education? #paychat
— PayScale (@payscale) March 25, 2015
MT: @BFish921 To prepare young people for their next phase in life. Teach skills, both hard and soft, to help inform their future #paychat
— PayScale (@payscale) March 25, 2015
Q2: How do we know if students are getting what they paid for? #paychat
— PayScale (@payscale) March 25, 2015
PayScale puts out the College ROI Report to measure financial/labor market outcomes http://t.co/St0aQLlIhS #paychat
— PayScale (@payscale) March 25, 2015
RT @BFish921 Q2: its hard to tell. Measuring ROI for college can include many things including lifetime earning potential #paychat
— PayScale (@payscale) March 25, 2015
MT @lydia_west “Aspiring Adults Adrift” raises some interesting questions on academic outcomes. http://t.co/oMeOC77NBy #paychat
— PayScale (@payscale) March 25, 2015
RT @BFish921 Q3: The job market has changed and become more competitive than ever. College degrees are not enough anymore #paychat
— PayScale (@payscale) March 25, 2015
RT @lydia_west This @BrookingsInst report says there is no student loan crisis looming http://t.co/MWvOryoHxx – agree/disagree? #paychat
— PayScale (@payscale) March 25, 2015
Q4: Should today’s students be approaching college differently than past generations? #paychat
— PayScale (@payscale) March 25, 2015
RT @licorous I found @Rbreich‘s piece on whether #highered was for everyone was interesting http://t.co/6G7bgnGfT8 #paychat
— PayScale (@payscale) March 25, 2015
RT @Money_College Table 2 shows only 14% of those who stop their education at a HS diploma earn more than those who stop at a BA #paychat
— PayScale (@payscale) March 25, 2015
RT @lydia_west As of 2009, those with student loan debt more like to have low credit scores, not own a home. http://t.co/uuwz282xO6 #paychat
— PayScale (@payscale) March 25, 2015
MT @lydia_west What’s in the future when economic mobility doesn’t seem to be happening as consistently for college grads? #paychat
— PayScale (@payscale) March 25, 2015
RT @Money_College 23% of college dropouts earn more than college grads, but that means your odds are less than 1/3. #paychat
— PayScale (@payscale) March 25, 2015
Great discussion – just one more question before we wrap up. #paychat
— PayScale (@payscale) March 25, 2015
Q5: Who should bear the burden of rising tuition costs? #paychat
— PayScale (@payscale) March 25, 2015
RT @Money_College Having lots of #studentloans is depressing! Science proves it! http://t.co/0ftuqcttSo #paychat
— PayScale (@payscale) March 25, 2015
RT @mikeunited @payscale A5 looks like Obama plans for tax payers to take some of the burden off. http://t.co/hMVpR6AvIN #paychat
— PayScale (@payscale) March 25, 2015
MT @lydia_west States can’t keep slashing ed budgets and transferring burden to students. Economic mobility is everyone’s problem. #paychat
— PayScale (@payscale) March 25, 2015
Thank you all for joining #paychat today. Feel free to keep the conversation going. We always love to deep dive on #collegeroi
— PayScale (@payscale) March 25, 2015
Tell Us What You Think
Do you think your degree was a good investment? We want to hear from you! Leave a comment or join the discussion on Twitter.
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