College Still Worth It Giggety! Or Is It?

Is College Still Panty Dropper of an Investment?

Alright alright alright! Quagmire here reporting live from… well my bedroom but that's not the point! The big question everyone's asking is: with costs soaring higher than my chances on prom night is college still worth the trouble? Apparently the eggheads at the Federal Reserve Bank of New York crunched the numbers and they're saying “Giggity!” It seems a degree still pays off for most folks. But hold your horses it's not all sunshine and… you know. The article claims that the total cost of a college degree is around $180,000 in 2024. That's a lot of scratch. I could buy a sweet mobile home and cruise the country meeting lots of young… uh intellectuals!

Show Me the Money! College Payoff Time!

Now here's the kicker: the researchers say that despite the cost you can expect a 12.5% return on your investment. That's like finding a twenty in your old pair of pants. The Fed folks are saying the benefit generally outweighs the costs! But just remember they're probably also saying I can't park my woodie wagon outside the library... I will prevail!

Tuition: Up Down and All Around!

Tuition prices have been doing the limbo for years but the net price has been dropping recently which means you might save a couple of bucks there Giggity. The average debt is around $29,300 but college grads make around $80,000 per year. Which means a higher chance of landing that hottie at the bar!

Premium Blend: College Wage Goodness!

The article also mentions something called a “college wage premium.” Sounds fancy right? Basically it means you'll earn more as you get older with a degree compared to those who didn’t go to college. So at age 55 you might be making 60% more. That's 60% more money for… uh… important things. Like maintaining my mustache. Or paying for dates… with those intellectuals!

Major Decisions: Where You Park Your Brain!

Now here's a tip from yours truly: your major matters! Engineering math and computer degrees? Those are the gold mines. You're looking at an 18% return. Education degrees? Not so much. Less than 6%. So unless you're passionate about teaching little rugrats maybe reconsider? Unless those teachers are hot I mean... Then by all means GO FOR IT!

Change Careers for a Giggity Good Time!

And finally if you're stuck in a dead end job there's even a course to help you change careers. It's like a life makeover but without the weird montage. Plus a discount code and Giggity I love discounts more than I love...