To College or Not to College: That is the Question
Many of us were told to go to college, get good grades, secure a steady job, and retire after 40 years. Well, this doesn’t exactly work the way it used to.
In today’s world, obtaining a Bachelor’s degree is nothing but a starting point to an entry-level position. It does not secure a high-paying job like many people once believed.
No matter your aspirations as a college graduate, whether to become an entrepreneur or to land a corporate job, college is expensive. It seems ironic to take on heavy student loans to go to college in the hopes of finding a high-paying job … only to spend that income repaying your student loans.
Student loan repayment is not your everyday loan situation. When people file for bankruptcy, all of their debt is typically forgiven. However, student loans are not forgiven by bankruptcy. They are the only financial obligation you cannot escape from, even by death.
College educations also don’t ensure a job in the field of study. Only 27% of college grads land jobs that relate to their major.
There are seemingly unlimited examples of successful people who either did not go to college at all or became college dropouts.
Will Ferrell went to USC and studied Sports Information but became an actor/comedian instead.
John Legend studied English with an emphasis on African American literature at the University of Pennsylvania, but now he’s an R&B singer. Kanye West, Mark Zuckerberg, Steve Jobs, Oprah, Lil’ Wayne, and Lady Gaga were all high school or college dropouts, but all achieved great success financially.
The Return On Investment (ROI) of a college education is slim to none. People invest hundreds of thousands of dollars into formal education, but only a small margin of people get a job in their chosen field.
So, is a college degree necessary for success?
I would say no, a college degree is not necessary for success, but education is. Knowledge is power.
Exceptional individuals are those who choose not to be lazy in life. Talent, work ethic, determination, and intelligence are all irrespective of educational experience.
Jim Rohn said, “Self-education will make you a fortune, and formal education will make you a living. Profits are better than wages. Wages will make you a living, and profits will make your fortune.”
Follow your heart.
Find your identity.
College isn’t for everyone, but knowledge is!
Yoichi Kato is an author, speaker, serial entrepreneur, and a Navy veteran. He is a master business networker & connector who is always connecting people. He is also an amazing Chef who provides private chef services all over San Diego. Yoichi loves to help others and see them thrive.