Note: The following text is extracted from the above infographic using a computer program so it may not be readable by humans, but it is helpful for search engines.
Fibulae higher education bubble higher education is in a bubble a college degree is seen as insurance for the future and parents and students are evidently prepared to pay whatever it takes either up front or by taking out loans for a degree regardless of the return on investment for their purchase.
Ike average debt students now graduate with an zinc average deb average debt of 2 1 000 an amount that has grown over 50 in the past decade.
Student loans surpass credit card debt outstanding college loans now total over 1 trillion an amount that recently exceeded the amount.
Of credit card debt in the us student loan debt has increased 511 since 1999 i 5 i ctttttttlatwe eyetooth or household debt student loans 9 ctttttttmw student mt growth.
500 400 300 200 1 00 0 student loan debt is much worse than credit card debt it can be expunged through bankruptcy a bad decision made at age 18 can easily follow you for decades.
Sticker shock lama per year the price for room and board at schools has doubled since 1982 and tuition has gone up 439 in the same time period most private schools now charge more than 50s per year for room board and tuition at one time a number of wealthy and expensive private schools like Dartmouth and Wilsonian college provided scholarships and grants to cover ill ion balances that lower income students were able to pay out of pocket now those grants and scholarships have largely been replaced by loans.
771e quality of education the high prices have not produced a higher quality education recent studies have shown that 45 of students more than 1 in 3 college seniors made no gains in their critical reasoning thinking skills or writing ability after two years in school.
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Not all degrees created equal most colleges charge the same tuition regardless of the degree earned yet not all degrees have the same economic value some degrees offer much better job potential than others and much more bang for your buck however most students are never informed of these facts and take on tens of thousands of dollars of debt pursuing relatively worthless degrees.
51 cm w oglgtgertoﬁ flogging k 3 building a nation of wage slaves a bad decision made at 18 can follow you for decades keeping you at the bottom of the career ladder and destroying any chance of intelligent career risk taking or thoughts of entrepreneurship a student with huge debt can risk unemployment or big moves when the student loan payment always has to be made.
7712 aftermath more than 45 of students do not graduate often leaving them with crippling debt as they start their working life and no degree to show for it.
Since the recent economic troubles that began in 2008 35 of college grads have been moving back in with parents after they graduate.
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