To cool for school?

With the economy being the way it has been its been hard for YoCoPros to justify spending those extra dollars on things you don't need, but is this the case with schooling as well? We have also wondered if higher education is truly necessary. Well after long thought and surveying our friends, family and coworkers we've come to the conclusion of: In some case Yes, while others the answer is No.

We have first hand experience that higher education doesn't always pay off, or make up for all of the money spent in undergrad and postgrad careers. And now its harder than ever to find a job or even keep the one you already have. We know that in some situations for instance Doctors, Lawyers etc need postgrad educations, but many times does it make a difference in other career fields?

Another big factor would also be where you live vs. the jobs available. The economy has hit some parts of the US much harder than others, both in real estate values as well as the job market. Check out this article about what salary buys happiness in your city.

Keep this in mind though: a recent poll by Financial Times, indicated that 70 per cent of those who required loans to fund an MBA will still be in debt three years after graduation, and only 40% of all CEO's have an MBA.

Check out this infographic as well: