More Students Thinking Outside the College Box

A number of recent articles explore the growing trend among college-age people to question whether college is worth the costs -- both the direct costs in terms of tuition and opportunity costs in terms of lost time.  In other words, many more college-eligible people are now thinking outside the college box. Three factors are impelling this widespread re-examination of the necessity of college. First, the soaring cost of college tuition and the debt it is causing are becoming widely known.  For example, the NY Times has prominently reported that average student loan debt rose 5% from 2010 to 2011, now averaging $26,500.  Some two thirds of those receiving a bachelor's degree had student loan debt.  Student loan debt now exceeds $1 trillion; $117 billion in such debt was added last year alone. Second, it is also coming to the public's attention that the average earnings for bachelor's-degree workers are dropping rapidly in absolute terms, and dropping in value...(Read Full Article)

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