I had the great pleasure to work at our graduation exercises this afternoon. They were held downtown at Memorial Auditorium, a structure built to memorialize those Sacramentans who died in the first War To End All Wars. Apparently there was a time when that was considered worthy of commemoration, but that's a post for a different day. Anyway, it was a beautiful sight inside the auditorium, with every seat in the entire venue filled. It's most impressive.
Having said that, I thought it might be fun to juxtapose that image with what the college Class of 2006 is looking at in this year's job market and how it relates to today's high school graduates.
It's only a good deal if your parents were wise and frugal enough to put money into a 529 or a prepaid tuition account rather than buying you a hot, new car for your sixteenth birthday. My kids had ratty (but safe) old cars, but will have less than $10K in loans when they graduate. I have friends whose kids have just finished their junior year in college and owe upwards of $60K. That's a house, or at the very least, a condominium. So I guess unless you really NEED a college education, a tech school or just job experience is a better solution.
ReplyDeleteThat's not a house in California! Heck, that's not even a condo!
ReplyDeleteI know. I just sold a condo and bought a house.