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De Omnibus Dubitandum - Lux Veritas

Wednesday, February 6, 2013

Student Loan Debt Could Cripple Economy For Decades

February 5, 2013 by Sam Rolley 
The price of a college education has been climbing at a substantially higher rate than inflation for years; meanwhile, the value of a college degree has been falling. That’s why thousands of debt-laden college graduates are facing the worst economic bust to plague the United States since the housing bubble burst.
A recent report from the Center for College Affordability and Productivity, entitled “Why Are Recent College Graduates Underemployed?”, refutes the oft-repeated theory that college educated Americans have the potential to earn substantially higher lifetime incomes than their uneducated peers. In fact, the report indicates that many college-educated Americans are woefully underemployed because “the growth of supply of college-educated labor is exceeding the growth in the demand for such labor in the labor market.”  To Read More…..

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