Self Employment and No College

College, at a cost of up to $75,000 per year or so for some students (when taking most costs into account, including personal costs, but not lost employment), is priced through the American student-loan system far in excess of the value of a degree for most college graduates, who find out too late that a degree costing $50,000 to $250,000 too often results in a job paying only $10 to $20 per hour, which cannot pay off a student loan of $50,000 (or $60,000 with accrued interest by the time the student starts working). A salary of $20/hour amounts to $750/week (35 hours), or about $500/week after various deductions, or $2,150/month. To service a $60,000 loan at 6% interest repayable over 10 years amounts to $555.10 per month, or 26% of the $2,150/month net amount received by the employee, leaving the employee with only $1,595, which is not enough to cover the cost of living for most individuals in any city in the United States. Education through the American regulatory system is terribly over-priced and needs to be avoided by many or most prospective college students, as this book will explain.