Depends on what the career is and where you want to go long term in your career. If your goal is senior VP or president at a Fortune 500 company, then a Ivy League degree would be smart. But having a masters or doctorate in like marketing is pointless (unless you want to teach it). Only because it's not necessary and for what the degree costs you would spend your whole life with a debt you can never file bankruptcy to alleviate. That there is the biggest question. Will the degree pay double or triple of what you paid to get it? So you can have the freedom later on to start a family, buy a house, or do whatever else your heart's desire is? Some jobs like finance, law, medical you need the piece of paper. But for careers like being an electrician, you can get training (sometimes free on the job) to ultimately get trained to make $6 figures a year. I have heard some skilled trades making $40k-$50k to start with no college degree. Don't fall into the trap you have to have college because you may not. But you do need education. College has quickly become over priced for many of the careers they offer.