Thursday, November 03, 2011
College Graduates' Debt Burden Grew, Yet Again, in 2010
Post Gazette: Students who graduated from college in 2010 with student loans owed an average of $25,250, up 5 percent from the previous year, according to a report scheduled for release Thursday. The average debt -- once again the highest on record -- came as the class of 2010 faced an unemployment rate for new college graduates of 9.1 percent, the highest in recent years, according to the report by the Project on Student Debt, which pointed out that unemployment rates for those without college degrees were still higher.
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2 comments:
well, this sucks. but i mean - it is going to happen. in my interp class right now we are discussing about this whole situation, and i can tell you that after all of these months of school my opinion hasnt changed. i believe that if you invest your money into a program that is worth the investment, you will be fine in the long run. so - thats why i am here, at CMU. its worth it.
the article also discusses that the government is discussing methods of easing loan repayments.. which is silly. people should just manage their money correctly.
I find the amount of student debt in the United States ridiculous. I am particularly annoyed by the student debt that is included by the for profit universities. They offer more convenient college educations to people but often it is not only more expensive than community college but they often approve loans people who won’t be able to pay them back this therefor adds to the ever growing student loan. Is it worth the debt
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