Student Loans: The New Housing Bubble?
Yesterday, the New York Times's Economix blog wrote a piece addressing the hurdles that college bound students and their families will have to meet in the future.
The New York Times’s Economix blog recently wrote a piece addressing the hurdles that college bound students and their families will have to meet in the future. Essentially, the for-profit growth adopted by both state and private universities is plaguing the quality of education as well as leaving students and parents with hefty debts that eclipse students’ potential earning capabilities. That said, a four-year bachelor’s degree is almost necessary to get the most menial jobs in our current climate. In this sense, the price of knowledge is establishing a new feudal system, whereby people are forced to take jobs that have nothing to do with their interests just to cope with the debt of pursuing knowledge of their interests.
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