'Investment' for better paycheck

Seeing most of my peers going back to school for either degree or advance dip, somehow tempts me to follow their path too. 

I used to think degree is Something that is totally not worth to pursue as the amount of fees u going to fork up takes about 10 yrs to earn back. 

Why is it so? Let's say if u take up a 16months part time degree course, the pay rise only starts after u graduate. By then, it takes another  7 years to get back ur hard earned school fees Which is only about less than 10% of ur current payslip every month. Total 2 yrs +7yrs = 9 yrs It isn't a good investment of ur time and money! If I put the sum of $$ in a 10yr investment plan,my returns will definately be more !! 

On the other hand, if I look from the other point of view, this is just the worst case scenario. The pay will be even more attractive in private sectors with a degree cert. Morever,the fees is getting more expensive each yr with a difference of 1-2 k? So if I keep on procrastinating, the 'returns' will be much Lesser. And if I wanna to stay in this industry, a degree cert is mandatory for better paycheck. 

What's more, it will be very difficult to juggle with studies, work and family if I settled down in future . Unless I've decided to switch industry, or else, degree cert is important for better career prospects in future. I shall treat this as long  term low risk investment ba, hahahahahha :D

I would want to finish my studies before settling down. I seriously would want to enjoy my single life before being tied down to family in a few years time. 

Okay, I've finally sorted out my thinking :) Now I shall just work hard to tide over this stressful period . Yayness , 2 more weeks to FREEDOM!!! :)