Thought you folks would find this interesting: Calculating the Risk of College
TL;DR (or no WSJ subscription):
For every 100 students: 42 graduate in 4 years, 18 in 6 years.
Of the 60 that graduate, 42 will have student loan debt. They owe, on average, twice as much as they did 20 years ago.
5 of the 42 will default on the loans by age 33.
After 10 years, 32% of grads will have jobs that don’t require a college degree.
What about the 40 students who don’t graduate you ask?
28 will still have student loans to pay. 10 of the 28 will default.
As the article says, this isn’t anti-college, but for those of you in school and those with kids, pick a worthwhile major and FINISH.
TL;DR (or no WSJ subscription):
For every 100 students: 42 graduate in 4 years, 18 in 6 years.
Of the 60 that graduate, 42 will have student loan debt. They owe, on average, twice as much as they did 20 years ago.
5 of the 42 will default on the loans by age 33.
After 10 years, 32% of grads will have jobs that don’t require a college degree.
What about the 40 students who don’t graduate you ask?
28 will still have student loans to pay. 10 of the 28 will default.
As the article says, this isn’t anti-college, but for those of you in school and those with kids, pick a worthwhile major and FINISH.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
