Signup to receive email updates




or follow our RSS feed

Blog Archives

490 Total Posts

follow our RSS feed

Blog Banner

Plan Well, Retire Well

Saving and investing your money

College Debt in the News -- What's Your View?


College seniors who graduated in 2010 carried an average of $25,250 in student loan debt, according to The Project on Student Debt.

CNN Money reports that the average cost of a wedding is more than $27,000.

And, the average cost of a new car is $30,303, as reported by Forbes.

Let's think about this. What's the worth of each of these items – college education, wedding, and new car – 10 years down the road?

While the current economy has been extremely difficult for young adults looking for work, having a college education does increase a person's odds of finding employment. Nearly half of all recent high school graduates are looking for full-time employment, according to a Rutgers' University study.

In contrast the underemployment rate (including those who would prefer more hours of work or who have given up looking for work) is about 19% for recent young college graduates.

19% underemployment is not good news but it's much better than almost 50%!

College student loan debt has been in the news headlines lately. What are your thoughts about it?



Please share this article with your friends!
Share on Facebook Tweet on Twitter

COMMENTS



Email will not display publicly, it is used only for validating comment