251: Is College Worth the Cost? This 30,000 Variable Study Says "Sometimes..."

251: Is College Worth the Cost? This 30,000 Variable Study Says "Sometimes..."

Is college worth it? For the first time in history, we may have a definitive answer to whether or not your specific degree and school choice provides a positive ROI. We know that ROI isn’t the only thing that matters when choosing a degree, but when looking at higher education through a financial independence lens, it’s definitely the highest value. Looking through census, employment, and Department of Education data is number crunching crusader, Preston Cooper. Preston and his team over at The Foundation for Research on Equal Opportunity put together the most extensive research on college degree ROI ever created. Preston’s findings allow you to parse through over 30,000 degrees and school choices so you (or your child) can make the best decision on where to get a bachelor's degree. Preston discusses the discrepancies between nonprofit and for-profit university degrees, whether or not high-cost schools equal a higher payday through life, and why even going to Harvard doesn’t secure a high ROI. Want to know the true value of your degree? Tune in and check out Preston’s full study! In This Episode We Cover How much you could benefit, in general, from getting an undergraduate degree The degrees that have the highest lifetime ROI Degrees that offer little-to-no or negative financial benefit Whether investing in real estate or a college degree is more worth it The biggest criticisms of Preston’s study and how he combats them Dave, Mindy, and Scott’s ROI on their respective degrees And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(742)

From $90K in Debt to Coast FIRE at 45

From $90K in Debt to Coast FIRE at 45

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The Case for Picking Stocks w/ Co-Founder of The Motley Fool

Do you think you can't beat the market? David Gardner, co-founder of The Motley Fool, joins the BiggerPockets Money podcast to shatter this limiting belief and reveal why stock picking can supercharge...

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Are you worried you won't be able to retire at sixty-five? Feeling financially limited in your fifties and need a retirement plan so you can finally stop working? Well, we made this episode of the Big...

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Investor Retires in 6 Years ($120K/Year) by Doing This

Investor Retires in 6 Years ($120K/Year) by Doing This

On this episode of the BiggerPockets Money podcast Mindy and Scott are joined by Beau Webb. Beau went from flying Blackhawk helicopters in the Army to achieving financial independence in his 30s throu...

15 Aug 202546min

How to Build a Business That’ll Replace Your 9-5 | Hala Taha

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What does it take to transform from a $27,000-a-year employee into an eight-figure entrepreneur? Hala Taha, founder of YAP Media, joins Mindy Jensen and Scott Trench on the BiggerPockets Money podcast...

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How Regular People Can Achieve Coast FI in Their 30s

How Regular People Can Achieve Coast FI in Their 30s

Coast FI is a fascinating concept that's gaining traction in the financial independence community. And no, to Mindy's disappointment, it doesn't involve having enough money to live beachside (though t...

8 Aug 202539min

How to Reach Coast FIRE (The Relaxed Way to Retire!)

How to Reach Coast FIRE (The Relaxed Way to Retire!)

Tired of the extreme saving grind? What if there was a way to front-load your retirement savings and then "coast" to financial independence without the stress? In this episode of the BiggerPockets Mon...

5 Aug 202531min

How “Regular” People Can Achieve FIRE (Early Retirement) by 40!

How “Regular” People Can Achieve FIRE (Early Retirement) by 40!

Join hosts Mindy Jensen and Scott Trench as they sit down with Cody Garrett, a former musician turned financial planner who discovered the FIRE movement seven years ago and is now just four years away...

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