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07-02-2018 06:21 PM
Just looking at the cost of the education then and now doesn't mean a whole lot to me. There's absolutely no doubt the cost of the education has risen, but so, too, have most salaries, so I'd want to see the cost of the education as a percentage of what a grad would earn in his/her first job, assuming, a job can be found in the right field.
I do think for most grads, education costs have risen more than beginning salaries, but again comparing just the numbers without putting them into a context doesn't mean all that much.
07-02-2018 06:57 PM
In all respect 151949, I didn't say "cream of the crop jobs." Many hospitals don't have new grad programs thus, they don't hire new grads for any position, low end or high.
07-02-2018 08:16 PM
@blackhole99 In today's medical field, a Nurse Practioner will make $100,000 per year. That should not be a problem.
07-02-2018 08:26 PM
@BirkiLadyI guess I should have mentioned the 100 thousand dollar education was completed in 2003. My friend was not making 50 thousand dollars a year in 2003, you try paying off a 100 thousand dollar school loan in 10 years when you have other bills. No nurse in our area, no matter what her level of education makes 100 grand a year, maybe in California or some big city. My niece has worked as an RN for 10 years in a very well know hospital in our region and does not make 60 thousand dollars a year.
07-02-2018 08:28 PM
07-02-2018 08:29 PM
@blackhole99That surprises me.
07-02-2018 08:55 PM
in the baltimore area the average salary for a nurse is about 68000/year.
07-02-2018 08:56 PM
@151949, you didn't pay for your education. Your grandfather's boss did.. He stormed into his boss's office demanding he make good on keeping his word to pay for your education.
07-02-2018 09:01 PM
Doesn't anyone else feel higher education is the responsibility of the parents? Our son was planned after we were married four years. We also planned his education; invested wisely and by age 18 the money was available. He had a 50% scholarship. No debt and money left over is still in my name.
We learned from my paternal great-grandparents who had sent all four of their children to Uni of MO and my maternal great-grandparents, who sent all three of their children to various Universities (of their choices). Both my mom and dad (only children during the depression) were raised by parents who saved and sent them away to out-of-state Universities in the 1940's. My dad did stop his education in MN to enlist in WWII. Mom returned to Uni. of Omaha in her senior year due to the gas rationing. Her dad thought it best she not be driving her car from Nebraska to Missouri during the War when gas coupons were used. My education funds were also saved during my childhood and ready when I turned 18 (as was my sister's).
Both my husband and I returned for further education at our own expense. He went on for his Master's and two PhD's. He was fortunate to have the GI Bill to help us with his endeavors. I've gone on for a couple of other degrees in different fields prior to changing positions and/or companies. I was fortunate to work for a Fortune 500 Co. which paid my tuition; I picked up the cost of books, fees and labs (which often was more than tuition). We never had a cent of student debt. During our years as students, we both worked well over 40 hours per week (no paid overtime in our positions). It was grueling at times, but well worth it in changing careers and knowledge of our fields.
My son and DIL have most of my grandson's expected tuition already invested for him. It will continue to earn interest for the next seven years. At 18, he'll be ready to go to any school he desires. If he's like his dad, he'll have a scholarship and not need all of the funds set aside! Beats having to take out a loan.
07-02-2018 09:13 PM
@BirkiLady wrote:Doesn't anyone else feel higher education is the responsibility of the parents? Our son was planned after we were married four years. We also planned his education; invested wisely and by age 18 the money was available. He had a 50% scholarship. No debt and money left over is still in my name.
We learned from my paternal great-grandparents who had sent all four of their children to Uni of MO and my maternal great-grandparents, who sent all three of their children to various Universities (of their choices). Both my mom and dad (only children during the depression) were raised by parents who saved and sent them away to out-of-state Universities in the 1940's. My dad did stop his education in MN to enlist in WWII. Mom returned to Uni. of Omaha in her senior year due to the gas rationing. Her dad thought it best she not be driving her car from Nebraska to Missouri during the War when gas coupons were used. My education funds were also saved during my childhood and ready when I turned 18 (as was my sister's).
Both my husband and I returned for further education at our own expense. He went on for his Master's and two PhD's. He was fortunate to have the GI Bill to help us with his endeavors. I've gone on for a couple of other degrees in different fields prior to changing positions and/or companies. I was fortunate to work for a Fortune 500 Co. which paid my tuition; I picked up the cost of books, fees and labs (which often was more than tuition). We never had a cent of student debt. During our years as students, we both worked well over 40 hours per week (no paid overtime in our positions). It was grueling at times, but well worth it in changing careers and knowledge of our fields.
My son and DIL have most of my grandson's expected tuition already invested for him. It will continue to earn interest for the next seven years. At 18, he'll be ready to go to any school he desires. If he's like his dad, he'll have a scholarship and not need all of the funds set aside! Beats having to take out a loan.
@BirkiLady. My parents did pay for their four kids college. I was the only one who didn't graduate. When I went it was two thousand a year. It gradually got more expensive with the other 3 kids.
My sister and BIL paid for their 2 kids, but they also could afford it.
My husbands sister told her kids if they wanted to go to college they would have to pay for it. They all have huge loans.
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