Is College still worth it?

Is College still worth it?

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The college you go to makes no difference

https://www.marketplace.org/2022/04/21/prestige-doesnt-always-maximize-the-value-of-a-degree/?fbclid=IwAR1fcfjeMvw9X-0QW7SSxAW1FzU6KqDok09tjvAVwyYbaypr5UigC7LJdbs

Bootcamp average starting salary: $69,079

https://www.coursereport.com/blog/web-developer-salaries-after-coding-bootcamps

Average Cost of Coding bootcamp: $13,579

https://www.bestcolleges.com/bootcamps/payment/bootcamp-cost/

CS College grad: $67,000

https://www.thinkimpact.com/average-college-graduate-salaries/

Average Total Cost of Public Colleges: $25,290 (in-state) $40,940 (out-of-state)

https://www.valuepenguin.com/student-loans/average-cost-of-college

Average student loan debt: $25,921

https://www.aplu.org/our-work/5-archived-projects/college-costs-tuition-and-financial-aid/publicuvalues/student-debt.html

Average home price: $453,700

https://www.statista.com/statistics/240991/average-sales-prices-of-new-homes-sold-in-the-us/

3.5% of 457,700 = $16,019.50, Monthly mortgage payment with PMI: $2,842.90

Average Rent in US: $1100 * 3 = $3300

https://ipropertymanagement.com/research/average-rent-by-year

3300-2842.90 = $457.10

Author

  • After attempting college, AJ joined the Marine Corps. When he left active duty, he worked in retail for a few years before returning to college. Several years later AJ was awarded his Bachelor in Science in Computer Science. Soon after, AJ began working in the tech industry as a Junior Developer. AJ continues to work in tech, however, he began to cultivate a passion for personal finance. For AJ, the concepts began to click and he felt a need to help others understand how to be financially free. If AJ can do it, any Idiot can.