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Average college grad $24,000 in debt; 1 in 10 can't find any work at all
Posted: May 5, 2011
I've been watching all the news reports about the colleges that collect big financial aid money and then don't teach the students anything that helps them get a job. Some of them use what they call 'Guerilla Registration' where the students don't even know they've enrolled yet, but the colleges are getting paid. This is one place where ouro country needs to cut costs, not in a way that keeps the poor from being able to get an education, but by cutting out the fraud and abuse.
http://www.huffingtonpost.com/2011/05/03/college-bubble-burst_n_857082.html?ir=Business
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That would be pretty sad. I've heard $30,000 is more the norm for college debt - Concnerned
[ In Reply To ..]I'm not sure what they are learning in college that will help them be productive citizens. Many of them apparently aren't learning marketable skills.
Debt after med school - Nick
[ In Reply To ..]One of my best friends graduated from med school four years ago. She owes $200,000K. That is about average for a medical education. She is now a fellow in cardiology, so is poised to make the big bucks. (She and I hope.) But still, 200K is a whale of a lot of dough.
Debt after med school....sm - Tiny
[ In Reply To ..]There was an article in our local paper recently about this very subject. The woman is a med school graduate and works as a resident and cannot pay her loans because she doesn't make enough. I'll have to find the article, because she is either a resident or a family doctor and still can't pay the loans.
I know many college grads who have degrees and cannot find jobs because they have no skills. The degree can definitely open the door for management opportunities, but getting your foot in the door seems to be the problem.
debt - qq
[ In Reply To ..]My two DD are one of these people in dept after college. Lets say $50,000. My oldest daughter is a nurse and can easily pay her loans off. Other DD has a degree in Journalism and Psych. Does have a job but not in those fields. Now everyone wants a master degree. She does have the money to go back to school plus jobs will still be scarce. Something has to give. They were told in high school get a college education but it does not help find the job.
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