Is college worth a lifetime of debt?

<div dir="ltr" style="text-align: left;" trbidi="on"> <h1 id="post-5581" style="border: 0px; font-weight: normal; line-height: 26px; margin: 0px; outline: 0px; padding: 0px;"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: small;">Student debt reaches critical tipping point at $1.2 trillion as annual price increases enter the moment of truth.</span></h1> <div> <div style="border: 0px; line-height: 18px; outline: 0px; padding: 5px 0px; text-align: justify;"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">The cost of going to college has come into deep questioning. In our inflation addicted market, the answer to every question <a href="http://www.mybudget360.com/global-debt-total-central-bank-balance-sheet-expansion-debt/" style="border: 0px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none;">regarding affordability involves more debt</a>. Can’t afford a home? How about taking on a massive mortgage with a small down payment. Can’t afford a car? How about a 0 percent 0 down loan. Having trouble financing your college education? How about the albatross of student debt. It is no coincidence that student debt has <a href="http://www.mybudget360.com/global-debt-total-central-bank-balance-sheet-expansion-debt/" style="border: 0px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none;">fully gone off the rails</a> courtesy of the federal government and banks dishing out student loans as if they were candy at Halloween. Is college worth the debt? In some cases it is and it also depends on what career you enter. This distinction is rarely made in the media where the general advice is “go to college and earn more” assuming all disciplines and schools are created equal (they are not). What about the predatory for-profit colleges that have horrific placement rates and high costs? What about going to a high cost private school and majoring in something that has little demand in the market? Yes college, is not a de facto employment training ground but at this price tag you better ask what you are getting for with that heavy debt burden. If we look at the low wage labor force, we have a market producing lower paying jobs and yet we continue to pump out more and more college graduates with heavier debt loads. Few will argue against education being a good thing. Of course education is important. However simply getting a degree does not equal financial success, or even getting a job in your field of study. The majority of this nation is financially in the dark when it comes to managing their finances or even understanding the<a href="http://www.mybudget360.com/global-debt-total-central-bank-balance-sheet-expansion-debt/" style="border: 0px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none;">deep capture the financial sector</a> has on government. For most, these questions never come up until they see the price tag of their college degree. Is college worth the price of debt?</span></div> <script language="JavaScript1.1" src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></script> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript> <script type="text/javascript"> ( function() { if (window.CHITIKA === undefined) { window.CHITIKA = { 'units' : [] }; }; var unit = {"publisher":"milevski21","width":300,"height":250,"sid":"Chitika Default"}; var placement_id = window.CHITIKA.units.length; window.CHITIKA.units.push(unit); document.write('<div id="chitikaAdBlock-' + placement_id + '"></div>'); var s = document.createElement('script'); s.type = 'text/javascript'; s.src = '//cdn.chitika.net/getads.js'; try { document.getElementsByTagName('head')[0].appendChild(s); } catch(e) { document.write(s.outerHTML); } }()); </script> <script type="text/javascript" src="http://ads.qadserve.com/t?id=a2b34d3a-e07c-4678-a7a8-346319aafab6&size=728x90"></script> <div style="border: 0px; line-height: 18px; outline: 0px; padding: 5px 0px; text-align: justify;"> <img src="http://jonesj6.files.wordpress.com/2011/10/college_debt.jpg"></div> </div></div>

Is college worth a lifetime of debt?

Student debt reaches critical tipping point at $1.2 trillion as annual price increases enter the moment of truth. The cost of going to ...

Read more »