This Morning’s Recycling

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Love this line from Slate. "In all likelihood, a humanities Ph.D. will place you at a disadvantage competing against 22-year-olds for entry-level jobs that barely require a high-school diploma. A doctorate in English that probably took you 10 years to earn is something you will need to hide like a prison term while you pay off about $40,000 to $100,000 in loans. Your consolation: deep thoughts about critical theory."

6 thoughts on “This Morning’s Recycling

  1. I hope those are undergrad loan figures, because you should NEVER take out a loan for a humanities PhD. And that needs to be spread around.
    A undergrad I see in the on campus lab was deciding being law school and a PhD program in history. I told him what I knew, asked that he do some more research on law school (as I was relying on my brother’s experience) and now I hear he’s going for grad school. I have to admit to a twinge of guilt.

  2. “A doctorate in English that probably took you 10 years to earn is something you will need to hide like a prison term…”
    That’s really funny. And you’d better be careful how you do it, or they’ll think you were in prison.
    “…you should NEVER take out a loan for a humanities PhD.”
    Amen.

  3. Just so happy at how reasonable my two oldest daughters are in regards to college and debt. They obviously have good instincts regarding all of this. Their goal is to graduate owing less than $15K, and that debt will come from an abroad program.
    The fact that we are as poor as church mice, they have pretty good grades, some community involvement and a work ethic that exceeds their parents helps a lot.
    I’ll remind them about the PhD.🙂

  4. Speaking of student loans, I was just listening to a personal finance radio show where the caller’s step-daughter was getting ready to spend $250,000 on a private undergraduate degree. That’s a quarter million dollar BA!

  5. Lisa V,
    Depending where your daughters want to go and how they do it, they can probably pull that off. If they can get into a top private college (the Ivies, Stanford, U Chicago, Amherst, Swarthmore etc), they will probably graduate debt free. I think most top schools now give full rides to families earning less than 6 figures. (I went to one of these schools pre automatic full ride, and I graduated with basically no debt, even though my family was very far from wealthy.) Likewise, if they test really well and/or have good grades and extra curricular activities, they could be in for merit scholarships at honors state school programs or good but not top universities. I have friend went on a full ride to USC on a national scholar merit scholarship, and a different friend graduated debt free from U of Oregon’s honor’s program, and I have half a dozen more friends like this. With the economy so bad public schools might be less generous, but state schools and others looking to boost their reputations are often willing to give attractive deals to top students.

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