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Is the cost of college worth it?

Posted by gradefund on December 5, 2008

http://www.collegenews.com/index.php?/careers/is_the_whole_four_years_worth_it_3344

Is the cost of college worth it?
Tuition costs are sky-high, the economy is at an all-time low: is it worth it to attend college?

Kate Oczypok

Students around the U.S. have been struggling with their job searches in today’s economy and many of them are thousands of dollars in debt from student loans.

According to The Chicago Tribune, Kelly Stevens, 29, took out more than $60,000 in loans for a B.A. in fashion marketing.  She thought that it could help her open her own store or work for a major fashion company. Instead, a year after graduating she’s waiting tables and gets rejected from about one marketing job per day.

“I can’t open my own store in this economy,” Stevens told The Tribune. “Marketing jobs are among those that have been hardest hit, sometimes it feels like I should never have gotten that degree.”

Most people think that if you earn a bachelor’s degree, you surely have to be a lot better off with your future job and career. However, according to The Tribune, the gap in income has started to shrink in recent years.

In 2007, census data said that those with bachelor’s degrees earned 90 percent more than high school graduates, which is down six percent from 2000. A particularly dismal fact is that about one-third of college students drop out, eliminating any investment returns.  It’s also unclear as to whether or not going to a well-known college really makes any difference.

Experts still do say that going to college is generally a good idea. According to The Tribune, college grads still earn around $59,365 annually, compared to high school graduates’ $33,609.

10/20/08

More and more, and especially in a tough economy, the costs of going to college seem to outweigh the benefits
Highlights
  • College grads still earn around $59,365 annually, compared to high school graduates’ $33,609.
  • In 2007, census data said that those with bachelor’s degrees earned 90 percent more than high school graduates.
  • U.S. students have been struggling with their job searches in today’s economy and many are in debt.
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