Change your life by
managing your money better.
Subscribe to our free weekly newsletter by entering your email address below.
Subscribe to our free weekly newsletter by entering your email address below.
With the cost of college and student debt at all-time highs, it’s more important than ever to make sure you have chosen the right degree. In this Q&A, we’ll discuss some of the college degrees job seekers end up regretting the MOST – and those they say were worth the most.
Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:
Education is often considered a wise financial decision for the future, but new data suggests that this might not always be the case. In fact, 44% of job seekers with degrees regret their field of study and only 27% of graduates actually work in their field of study. This is concerning, especially when you consider the high cost of tuition and the rising student loan debt. Over the last two decades, tuition and fees at in-state public universities have risen by 175%, and the total student loan debt in the US has reached 1.75 trillion dollars. The average student loan debt at graduation for those who borrow is almost $30,000.
This is a far cry from the days when college was seen as a way to find oneself and figure out what to do with one’s life. Today, students are expected to know what they want to do and where they want to go to college while they’re still in high school. This can be a lot to ask of 16-18 year olds and puts a great deal of pressure on them to make a life-altering decision.
The cost of tuition has also skyrocketed, making the decision to go to college even more expensive. For many students, paying to find themselves can cost $50,000 to $100,000, a weight that will sit on their shoulders for years and be a hindrance to starting their lives from zero.
ZipRecruiter recently conducted a study on regretted degrees, and found that certain fields of study are more likely to result in regrets than others. These include:
These findings suggest that students should carefully consider their major and their future career prospects before investing in a college degree. They should also be aware of the high cost of tuition and the burden of student loan debt.
In conclusion, while education is important and can have a huge impact on the rest of one’s life, it’s important to make informed decisions about college degrees and careers. By understanding the risks and potential consequences, students and their families can make wiser financial decisions for their future.
Free Resources
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Articles
Attitudes about college have shifted dramatically over the past decade. In 2015, Gallup found that 57% of Americans had a “great deal” or “quite a...
Articles
As a millennial, it’s been difficult to adjust to no longer being the token young adult. It felt like for decades “millennial” was used as...
Articles
Some financial influencers say you should never use credit cards, while others believe credit cards can be a beneficial tool in your financial life. Are...
How about more sense and more money?
Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.
Free Resources
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
It's like finding some change in the couch cushions.
Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.
Episodes
Does the Financial Order of Operations really work in every situation? Meet FOO Following Freddie, our hypothetical case study showing how the Financial Order of...
Episodes
How does your income compare to others your age? Bo reveals income by age: 20s, 30s, 40s, and 50s, with key wealth-building actions for each...
Episodes
We compare four investment accounts for your children and answer a question we have seen in our comments and DMs: Should you use a Trump...
Subscribe to our free weekly newsletter by entering your email address below.