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Why force a whole generation into debt?

  • Friday, July 05, 2013 21:23
    Message # 1334181

    I have a few questions for the community!

    What's the point of a college degree? 38 percent of those with college degrees, 2010 graduates, work jobs that did not require a high school diploma (McGuinness, 2013). How is this suppose to boost the economy?

    Brown & Haughwout & Lee & Mabutas & Van der Klaauw (2012), stated, "The Outstanding student loan balance now stands at about $870 billion...With college enrollments increasing and the cost of attendance rising, this balance is expected to continue its upward trend." How is this suppose to decrease our deficit?

    McGuiness (2012), States that President Obama administration's goal is to boost the country's college graduation rate to 60% by 2020; awesome, but the jobs requiring that education is expected to grow by less than 7 million? How is that going to benefit our economy?

    Luis

     

     

    Reference

    Brown, M. & Haughwout, A. & Lee, D. & Mabutas, M. & Van der Klaauw, W.(2012). Grading student loans. Federal Reserve Bank of New York. Retrieved July 5, 2013, from  http://libertystreeteconomics.newyorkfed.org/2012/03/grading-student-loans.html

    McGuinness, W. (2013). Half of recent college grads work jobs that don't require a degree: report. Huff post business. Retrieved July 5, 2013, from http://www.huffingtonpost.com/2013/01/29/underemployed-overeducated_n_2568203.html

     

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