Plutus™ Foundation Impact Series

College Education

June 2022

Each month in 2022, the Plutus Foundation Impact Series features select articles, podcast episodes, and videos from participating content creators, all around a central theme.
The theme for June is the financial aspect college education. There is a monetary cost to earning a degree, so how do you determine whether the expense is worthwhile? Is it purely a financial return on investment (ROI), or is there more to the calculation?
Loans for earning a college degree are prevalent in the United States. How do you manage student loans, and do their availability have an effect on the cost of college in general? Isa university degree college still the gateway to the middle class? When should you consider encouraging trade school rather than college?

The best solutions, advice, and stories from the Plutus Community will help you have an impact on your life.

“In just the past few weeks, I’ve spoken to several friends who told me their stories of their career twists and turns… If getting a job and staying in it for your career has passed, why are we still asking our children, ‘What do you want to do when you grow up?'”
“Even after accounting for financial aid, the cost of an in-state public school can top $25,000 per year, and a private school can total well over $50,000 per year. This kind of financial commitment can affect your child for years to come and even delay or derail your retirement plans.”
“Without getting into the debate of who first said, “If you think education is expensive, try ignorance,” one can agree this quote has indeed highlighted a major issue confronting young American aspiring for education beyond high school.”
“In today’s volatile and uncertain global economy, a college education is more important than ever for securing a successful financial future. Despite the high cost of tuition and other associated expenses, the returns on the investment in a post-secondary education or college degree are still significant.”
“Just because you might end up with student loan debt is no reason to avoid college. A good education can still be a great tool in your financial arsenal, and you don’t want to avoid it. You just need to know how to get the most out of college.”
Images licensed via BigStockPhoto
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