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Both. I studied journalism (strike 1) and graduated in 2008 (strike 2). I chose "print" as my option (strike 3).
Consequences: never worked a day in journalism in my life. Judging by the state of journalism globally in 2024, I can't say that I mind. Having "a" degree is still a necessity for most non-menial jobs, so in that regard it always came in handy. Cost of the education wasn't through the roof, didn't have to take on any loans or such. To this day my only debt ever is my mortgage to the bank, looking to keep it that way.