The Burden of Higher Education

by Carly Wray

Today, one out of four students with loans cannot afford to pay them back. According to the Consumer Financial Protection Bureau, about 25% of graduates are in default with their college loans. The issue with these loans is there is no guarantee for financial prosperity and a way to pay for them out of college. Higher education does not have the same value as it once did in the economic world. The job market is weak and the average student owes more than their annual income straight out of college with an entry level position. However, Georgetown University’s Center on Education and the Workforce states that a bachelor’s degree pay is higher than a high school graduate’s by 84 percent. In this case, the price of college needs to be reasonable and it is not.

http://www.stltoday.com/business/columns/jim-gallagher/student-borrowers-are-going-broke/article_0d4a7c36-72e4-5f2a-9bcb-353f8614fbd5.html

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