Student Debt

Education is the ladder which led many people to the heights of success. Colleges have provided students with quality education which has enhanced their standard of living. It is very important for a person to get a college education. It not only affects the life of that person but also benefits the society. The price of education has increased to such an astonishing stature now a days. The frequently asked question among the youth is about whether a college education still worth it. According to Andrew Ross, a Rolling Jubilee Board member and professor at New York University, Americans have an average of about $30000 worth of student debt. It becomes very difficult for a student to repay the debts without a decent paying job after college.

So according to me, It is very important to attend a four year institution as it helps in getting a well paying job by issuing a degree and live a comfortable life. Student debt is inevitable, but it is very important to choose the degree which will help to get a well paying job in the future. For an instance, My cousin majored in Marketing from Pennsylvania State University. Due to the lack of demand and high competition, he found himself working for a very small firm earning less than twelve dollars an hour. Frustrated after couple years, he went back to college and got a degree in Finance. Now with his double degrees, he is

Unemployment rate is increasing rapidly in the United States. One way to secure a job in the future is by getting a college degree. According to the research done by the Georgetown Center on Education and the workforce, the economy will create around 47 million jobs by the end of 2018, of which 14 million will be new jobs and 33 million will be replacing jobs. 33 percent jobs out of those will need a college degree and another 30 will need some kind of training or associates degree. Only third of those jobs will be available to high school graduates. These jobs are expected to be low wage jobs related to food, construction and office support. This means that all the high paying jobs will be distributed among college degree holders. People with no more than high school education will be left with jobs which does not pay as much. Unemployment rate in 2011 for high school graduates was 9.4 percent and for those with a college degree was 4.9 percent. This tells us that People with college degrees are more likely to find jobs than people who just graduate from high school. Also the earning gap between a college degree holder and a high school graduate is increasing rapidly. According to the research done by Forbes, a high school graduate earns around $23000 per year on an average, however a typical college graduate earns $55000 per year on an average. This shows that getting a college degree not only helps to get a job but also makes you