To go or not to go to college?

In my first post, I shared my grandmother’s advice to study hard, get a good job, and save money. I think many of you would agree that it is also the advice that you have received while growing up.

Then we learned that some billionaires like Bill Gates and Mark Zuckerberg did not attain college degrees, and yet, they are successful.

Therefore, most students would wonder if they need to go to college. Another factor that would discourage them from attending college is the steep tuition fees resulting in hundreds of thousands of student loan debt.

Then after graduation, it is a struggle to stay afloat as they start paying their student loans, rent, auto loans, and daily expenses.

The other day, my daughter asked if college is mandatory.  I answered with a firm “Yes!”.  

Dave Ramsey once mentioned that he told his kids that they are going to college, and there is no question about that. It is an expectation. 

When we were growing up, we never thought of whether to go to college or not. The questions were: What course should I take? What university should I go to? We know that after high school, the college education follows.

Photo by Emily Ranquist on

Although having a college degree is not an assurance of success, it provides more job opportunities with higher earning potential. When there are more opportunities, there are more options. 

When we have more options, we improve our chances of gaining satisfaction with our job. Job satisfaction with financial stability promotes contentment and happiness.

When we are happy with what we do for a living, we continue learning to improve ourselves and contribute to the people around us.

I want to emphasize that it is not having a high salary that would make us happy, but finding joy in what we do. Just like the saying, “Find something you love to do, and you’ll never have to work a day in your life.”

Having said all that, we could not discount the fact that we need to prepare for the college education expenses. On top of the mortgage, auto loan/s, day-to-day costs, elementary tuition fees, after-school expenses, etc., we also need to prepare for our retirement. 

Thankfully, there are College Planning Programs (CPP) that would assist us with strategizing on funding college education. The CPP also helps assess the students’ interests, skills, and work values; colleges/universities selection; college applications; essay reviews; scholarship assistance, and so much more.

As much as we want to help our kids go to college and avoid having student loans, we also need to make sure we are self-sufficient when we grow old. The last thing we want is for our children to bear the burden of our poor financial planning. 😉

My questions for you: (Please type your response in the comments.) 

  • Do you recommend having a college degree or not?
  • If yes, what are your steps in preparing for the college expenses?
Photo by Karolina Grabowska on

2 thoughts on “To go or not to go to college?”

  1. I also grew up in a household that a college degree is a must have. College degree might not lead you to be the next Bill Gates or Mark Zuckerberg (how many Bill Gates or Mark Zuckerberg are there our of a million people?), but it gives you a secured future. I am the first one in my immediate family to attain a college degree. My parents and siblings always told me to finish school as they did not get the same financial opportunity as I did. They felt unconfident to seek better opportunities to provide for their family because they were poor to afford education to attain a college degree. Thanks, Timz, for having a venue to discuss college planning. It’s never too early to start planning.

    Liked by 1 person

    1. Thank you for sharing, Eliza. Great point, how many Bill G. and Mark Z are there out of the global population? One thing’s for sure, they succeeded through their hard work and perseverance. They also attended college at some point- in prestigious universities, and were able to network with great minds.🙂


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