College has been oversold. It has been oversold to students who end up dropping out or graduating with degrees that don’t help them very much in the job market. It also has been oversold to the taxpayers, who foot the bill for these subsidies.
College has been oversold
My son, although just 14, seems fairly clear on what he wants to do as a grownup. He wants to run a small manufacturing concern that builds custom firearms and designs and builds firearms enhancement products (like better triggers). To do this he will need to know machining, welding, CNC programming, plastic injection molding, as well as math and spreadsheet/analysis skills. He will also need to design brochures, write business documents, magazine articles, negotiate and build relationships with vendors, customers, and employees, and know how to interpret a balance sheet/income statement.
There is no “college” degree for this. So is it better for me to drop $40K (or more) on some college degree, or $10K getting training in these fields, and $30K on machinery to start the business, while arranging mentors on some of the business specific things?
Note that paying $40K for an extended adolescence, or letting him borrow for the same, isn’t part of the plan.