COLLEGE
Average annual cost of a four-year private college: $26,070
Average time to get a degree (four-year private college): 55 months
Unemployment rate for bachelor-degree holders, 2001: 2.2%
Average income for full-time year-round workers with a bachelor's degree, 1997 to 1999: $52,200
Percentage of Forbes 400 members with college degrees: 66%
Richest self-made Americans
with a degree:
Warren Buffett
University of Nebraska Lincoln, Bachelor of Arts/Science; Columbia, MBA
Net worth: $36 billion
Steven Ballmer
Harvard University, Bachelor of Arts/Science; Stanford University, MBA, dropout
Net worth: $11.9 billion
John Kluge
Columbia University, Bachelor of Arts/Science
Net worth: $10.5 billion
NO COLLEGE
Unemployment rate for high-school graduates, 2001: 4.2%
Average income for full-time year-round workers with high-school degree, 1997 to 1999: $30,400
Percentage of Forbes 400 members without college degrees: 33%
Richest self-made Americans
without a college degree:
William H. Gates III
Harvard University, dropout
Net worth: $43 billion
Paul Allen
Washington State University, dropout
Net worth: $21 billion
Larry Ellison
University of Illinois, dropout
Net worth: $15.2 billion
Michael Dell
University of Texas Austin, dropout
Net worth: $11.2 billion
So what do you think? Is college a good investment of time and money?
More coming on this later.
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As you can see, college is overrated.
If you want to get a good job you should go to college,because no one will hire you otherwise. If you plan on being elf-made it could go either way.
I agree that college is necessary to get a good job that pays well. The only reason those none college people on the list are so wealthy is because they are self made. If you can not do that, you should go to college.
Every single one of these people attempted college though.
What about people who do not go to college at all?
-Kristen
Even if it's expensive, I think a college education is necessary.