Wednesday, December 7, 2011

The high cost of higher education: Is it worth it?

The American higher-education system has long been seen as a leader in the world, but confidence in its future and its enduring value may be beginning to crack along economic lines, according to two major surveys of the American public and college presidents conducted this spring.

Public anxiety over college costs is at an all-time high. And low-income college graduates or those burdened by student-loan debt are questioning the value of their degrees, or saying the cost of college has delayed other life decisions.

This year 3.2 million students are expected to graduate from high school and of those, roughly 70 percent will go on to get a college education. But with two-thirds of college graduates carrying debt—and the average student loan debt topping $20,000 dollars—is a college degree worth it? What does it get you in today's global economy? Read more....

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