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by frostmatthew 4361 days ago
> Thousands of Americans are debt slaves for the rest of their life because they followed the consensus of "good" advice.

The OP was asking for advice regarding a CS degree - high pay and low unemployment probably means there aren't many people in this field that could be considered "debt slaves" - regardless of the increasing cost of a degree.

While I agree higher education costs have gone up far more than they should have over the last decade or two generally speaking a degree is still worth it:

- "Despite these worrisome trends, going to college relative to not going still yields an annual rate of return of 15%" [1]

- "millennial workers with only a high school education earned 61.5% of the annual income of similarly aged adults with a bachelor's degree" [2]

- "workers with a bachelor's degree still earn about 75% more than high school grads, and over a lifetime, that payoff is huge" [3]

[1] http://blogs.wsj.com/washwire/2014/07/10/the-grim-reason-col...

[2] http://www.latimes.com/business/la-fi-mo-earnings-college-pr...

[3] http://money.cnn.com/2014/06/24/news/economy/college-worth-i...