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A new way to gauge the worth of college debt, starting salary
Chicago Tribune ^ | 03/17/2014 | By Steve Rosen

Posted on 03/23/2014 4:35:07 PM PDT by SeekAndFind

Here's a typical college scenario: Your daughter's dream job is to be an elementary school teacher and reading specialist. Yet she'll need to dive deep into debt to pursue her undergraduate degree, and borrow more if continuing to grad school.

She's worried -- rightfully -- about her financial future, and she's looking for answers.

How much debt might she be saddled with? How much will her college degree translate into salary once she lands a job? And what budget-squeezing sacrifices might be necessary to repay the swath of loans?

Those types of questions are on the minds of countless college students. And with student loan debt now over the $1 trillion mark, there's a greater urgency for answers and successful outcomes.

A new online service called GradSense connects those costs and benefits questions with helpful data and financial planning advice.

(Excerpt) Read more at chicagotribune.com ...


TOPICS: Business/Economy; Education; Society
KEYWORDS: college; collegetuition; debt; india; offshoring; salary; tuition; workvisas
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To: E. Pluribus Unum

“Let’s just give everybody As then.”

What I proposed has nothing to do with that. It’s just the opposite. With competency testing, if you don’t know it, you don’t get credit for knowing it. You graduated from Harvard, but can’t pass the competency test - you don’t get credit for a degree in that area.


41 posted on 03/24/2014 2:46:48 AM PDT by pieceofthepuzzle
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To: 21twelve
In today’s job market, I don’t see the incentive for hiring a kid out of high school - even as a coffee server...

Oh, I do. There's no need to shovel through four years of 'higher education.'

42 posted on 03/24/2014 6:23:37 AM PDT by gogeo (If you are Tea Party, the Republican Party does not want you.)
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To: Chickensoup
Depends on the career. Nurses start high but salaries do not grow much at all.

Your comments have nothing to do with my point, nor the point of this article. It's as though you offered them just to counter me...

The point of the article was that they were creating a tool that would help prospective students understand what they might make in a typical job, with a degree in a particular field. Yes, there are many permutations of how this might occur, but the bottom line is that some starting point of salary must be assumed.

In fact, if I were making the tool, I'd have a variable that allowed the would-be student to select a career path. it might have different trajectories, such as slacker, typical, and ambitious, representing how the student might achieve different levels.

43 posted on 03/24/2014 6:56:27 AM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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To: 21twelve
very true
44 posted on 03/24/2014 7:29:18 AM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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