This infographic explores some surprising and humorous statistics about scholarships in America.
Student debt almost tripled between 2004 and 2012, it now stands at over $1.1 trillion, making student loan debt the largest form of consumer debt outside of mortgages. How did tuition for US colleges and universities get so high and how does the US stand compared to other developped countries? See it in this infographic
Times are rough. No doubt about that. The economic crisis its taking its toll and it’s increasingly difficult to make your mark in the labour market. Unlike in the past decades, higher education is not always tantamount to lower unemployment. Likewise, college education is not critical to making it big in business. Of course, it doesn’t mean you should dismiss post secondary education altogether. Here’s some data, maybe the numbers are not optimistic. But what does an economist know about the real value of knowledge?
There are no quick-fix solutions and it all depends on which career path you want to pursue. An important question you should ask yourself is whether a particular profession is inextricably connected with a university diploma and whether you are prepared to bear the burden of debt in the years to come.