Rapidly rising education costs combined with diminishing expected incomes are likely to create significant problems for a generation of young workers.  With unemployment still greater than 8% many recent college graduates have elected to get their secondary education instead of seeking immediate employment.  This is a sound strategy in some cases, but it is important to look at the potential benefits of the secondary degree versus the costs, including of course the financing costs.  I don’t think many young people are really thinking about the actual long term costs of financing some of these elaborate educations and I believe it would be very helpful for every high school student to have a 1-2 hour course on making better choices on financial aid.

http://www.bloomberg.com/news/2012-07-09/indentured-students-rise-as-loans-corrode-college-ticket.html

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