Everybody knows that college tuition is going thru the roof … pushing college out of reach for many and burdening most of the rest with near-lifelong debt.
USA Today reported recent studies by Rutgers University, Northeastern University professor Andrew Sum and Pew Research found that:
- The median student loan for graduates from 2006 through 2010 is $20,000
- Only about three-quarters of college grads younger than 25 were employed …
- … with over a quarter of those employed working jobs that didn’t require a college degree.
- 57% of Americans have decided that the value-to-cost ratio for college is lousy.
Ken’s Take: Anybody see a parallel between the Fed gov’t and higher education? High prices, high debt, low value-to-cost.
Just like peas in a pod …
The Homa Files 
June 9, 2011 at 9:46 am |
The cost-benefit for a college degree can be depressing, but I think the major one chooses, the skills one learns and the approach to finding a job (i.e. starting many months or a year prior to graduation) are key factors into the individual’s situation. Engineers, quant jocks and people with demonstrated work experience are much more likely to get hired than a lib arts major who doesn’t understand the first thing about how the world works (and likely has been taught to despise the very free enterprise system they’re now trying to enter…).
As bad as life is for a genders studies major, the guy who spent two years in community college to learn what he should have been taught in 10th grade is even worse off.
Education and the federales are both products of institutional and individual failings.