Jun 5, 2014
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