Marjorie Sener was still in her 20s when she took out a loan for about $5,000 to get some college credits she hoped would eventually add up to a bachelor’s degree. That goal was thwarted when her partner became ill. “The burden of our living expenses fell on me,” said Sener, who lives in the Dallas suburbs. “I devoted all of my resources to keeping our heads above water.” But while Sener never got her degree, that student loan kept growing, fattened by compounding interest.
That’s not the point I am trying to make. The point is that even those “common sense” judgements change over time, and even if you manage to get out in 5 years or less that career you picked based on common sense might be going through a recession, regression, is being replaced by foreign labor or technology, etc. etc.
Yes the employment market fluctuates, but it rarely dies. Lawyers probably had the worst of it recently, but very few majors end up with limited options rhat didn’t start that way. People that entered education knew the pay sucked well before they enrolled. Tech had layoffs at the beginning of the year, but places are already hiring again.
That’s not the point I am trying to make. The point is that even those “common sense” judgements change over time, and even if you manage to get out in 5 years or less that career you picked based on common sense might be going through a recession, regression, is being replaced by foreign labor or technology, etc. etc.
Yes the employment market fluctuates, but it rarely dies. Lawyers probably had the worst of it recently, but very few majors end up with limited options rhat didn’t start that way. People that entered education knew the pay sucked well before they enrolled. Tech had layoffs at the beginning of the year, but places are already hiring again.