It's $30K MORE a year than a person without a degree. Maybe my math was off.
If I had a $200,000 student loan and I made $60K and you without a degree made $30K, I would live at home with my parents and I would take $60K and pay off my loan. $60x3 is $180K. Ok, maybe it would take me longer than 3 years fine. But the point is I would pay it off asap and yes it would be worth it.
Sometimes I wonder if I would have not gone to school and just saved saved saved for the 6 years it took me to get through college, how much money would I have saved? And how much interest would that money have made?
I was a bellman bringing home $150 a night in tips plus I made $5 hr. I would have saved a FORTUNE. Then I would have worked my way up into hotel management and probably be making the same as I make now, without a degree.
Let's say $10K a year for 6 years. I would have saved $60K if I didn't go to college. That was in the 90's. I wonder how much that $60K would be today?
I would have done fine without a college degree but I'm doing better with one.