Is A Degree Worth Having Debt?
The big question.
WHOTV reports.
Is a College Degree Worth Student Debt?
DES MOINES, Iowa — On average, more than 70 percent of graduates are leaving college and entering the workforce in debt.
Americans collectively owe more than $1.3 trillion in student loan debt — a figure that’s growing at a rate of nearly $3,000 per second.
A four-year degree sets up most graduates for the future but it also comes with a heavy burden of student loan debt.
“It’s a little daunting at first, but just the knowledge that if I do get my degree I will have a secure career in the future,” said Phil Copeland, a Drake University freshman.
Most students understand a degree comes with a big bill, but is it worth the price tag?
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Comments
It may be necessary to have some debt to gain a degree but not to accumulate so much debt that it will take forever to pay it back. Plus not all degrees are equal. Some will never lead to a good job with a high salary. College students seem to be too naive to understand the difference between good debt and bad nor do they understand that some debt is excessive.
“… the knowledge that if I do get my degree I will have a secure career in the future …”
Hahahaaaa, kids say the darndest things.