Quantcast

Too Many Students Get Nothing from College Except Debt

(Marketwatch) America devotes vastly more resources on higher education than other high-income countries, and it is hard to say it spends that money wisely.

For about half of the approximately 2 million high school graduates that will enroll this fall in a quest for a four-year degree, college will prove a lousy investment — for the nation and those students who will emerge heavily in debt.

The premise beneath federal student loan programs — beginning with the 1958 National Defense Education Act to the expansive arrangements modified by President Barack Obama — that is college is a good investment. For the nation, a better-prepared labor force increases productivity, and for students, because graduates earn better pay.

Seventy percent of high school graduates enroll in college but judged by math and reading scores, too many are unqualified and only about 60% graduate. The other 40% borrow huge sums, but their earning power is not much improved.

College debt often haunts them for decades and handicaps goals like marriage, starting families and purchasing homes that would simply be more attainable had they never set foot on a college campus.

Read more…


Should College-Bound Students Consider Buying Gold Instead?

TRENDING NOW

Antifa Threatens to Destroy Portland Bookstore for Carrying Book

(Sovereign Man) A book by Andy Ngo called Unmasked: Inside Antifa’s Radical Plan to Destroy Democracy, is about the violent tactics that...

Biden Proposes Massive $1.9 Trillion in Handouts

(Money Metals Exchange) Metals markets and financial markets have seemingly been unaffected by recent political turmoil. Investors have...

Amazon Pulls All ‘Stop the Steal’ Merchandise

(Headline USA) Amazon pulled all merchandise containing the slogan “Stop the Steal” from its online store, according to Reclaim the Net. Thousands...

2 Nuke Plants, 1 Bribery Scandal, No Answers

(Associated Press) For much of the past four years, the residents of a pair of villages along Lake Erie have been on...

Expecting Trouble, DC Locks Down a Week Before Inauguration

(Associated Press) All through downtown Washington, the primary sound for several blocks was the beeping of forklifts unloading more fencing.