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HerMoney with Jean Chatzky

Do you need a college degree anymore?

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.81.3K Ratings

🗓️ 19 July 2024

⏱️ 39 minutes

🧾️ Download transcript

Summary

For years, we’ve been told that we need a college degree to get anywhere in life and that a college education is the most important thing for our careers. But lately, young people have been asking themselves: do you really need a college degree anymore? Hannah Maruyama, one of those would-be college students, decided not to take that path. Now she’s making $100,000 a year working in AI and teaching other young people how to discover their passions without a degree. Her experience led her to found Degree Free, a community that helps people find good jobs without a college degree. She shares the steps to take to decide if a college degree is the right path for you. Chapters: 0:00 The Rising Cost of College and Alternative Paths 9:42 Applying for Jobs Without Meeting Qualifications 15:16 Deciding If College Is the Right Path 24:36 Career Paths Without College 27:43 Finding Apprenticeship Programs 33:30 Learning High-Value Skills Takeaways: The cost of college has become astronomical, leading many to consider alternative pathways to success. There are various pathways to a successful career, including getting a job, on-the-job training, earning a license or certification, building a business, and learning a skill. It is important to consider financial needs and personal interests when choosing a career path. Critical thinking skills are valuable and can be developed outside of a college setting. Parents should have open and honest conversations with their children about the necessity of college and explore alternative options. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an Airwave Media Podcast.

0:05.0

Are you on track for the retirement you want?

0:09.0

Now's the time to find out.

0:10.0

Schedule a free retirement review with the Edelman Financial Engines Wealth Plan

0:14.4

and they'll also give you a financial plan made just for you.

0:17.7

See if you're on track to meet your goals and what opportunities you might be missing.

0:22.2

To get started, call 833 Plan EFE or visit plan EFE.com.

0:27.7

That's 833 Plan EFE or Plan EFE.com. This offer expires July 31st, so don't miss out. Schedule yours today.

0:38.0

Hey everyone, I'm Jean Chatsky. Thanks so much for joining me today on her money

0:46.5

where we talk about how personal finance and money touches everything in our

0:51.7

lives.

0:53.0

So how many years has it been that we have been told

0:56.0

that we need a college degree to get anywhere in life

0:59.6

and that a college education is the most important thing for our careers.

1:05.0

My entire life, I think, and probably a lot longer than that.

1:09.0

We've been told we need to go to college to make connections that will be invaluable for us for decades to come to land an entry-level job to make a living wage among other reasons and although it's still true that with a college

1:27.9

degree your chances of earning more money out of school than with a high school degree sticks, the cost of

1:37.4

college has become astronomical in many cases. According to the data collected by US News and World Report, the

1:45.4

average cost of tuition and fees for the 2023-2020-24 school year is

1:51.6

$42,000 at private schools,

1:56.1

23,000 for out of state students at public universities,

2:01.9

$10,600 for in-state students at public schools?

...

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