So what are the best bets when buying student debt? Technical schools. Students pay the least for their education with the potential to make good money after graduation in only a couple of years.
By that arithmetic, technical colleges come out on top, Mr. [Daniel] Ades said. “We’re in a skills based economy and what we need is more computer programmers, more [nurses],” he said. “It’s less glamorous but it’s what we need.”
Meanwhile the nation’s law schools continue to over-supply the nation with lawyers. Law students are borrowing an average of $68,827 at state schools and $106,249 a private schools only to add to the glut of barristers.
In what must undoubtedly be a shock to humanities majors, people who are actually know how to do useful things are in position to make money after they graduate. Imagine that.
Of course nurses and programmers are going to be in a position to make good money, mostly because people want to not be sick, maim, or injured, and they also like to be able to use electronic gadgets. Hence the reason why students who graduate from technical schools with degrees in nursing and programming are in a better position to be employed than, say, an English major. As fascinating as Faulkner undoubtedly is, being able to expound upon his work at length is not something many consumers really want to pay for.
As such, it should no surprise that people who learn actual, useful skills in college are in a better to make money than those who majored in something that is considerably less practical.