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Student Loan Debt Hits Another New Record: Study
CNBC ^ | 18 Oct 2012 | Scott Cohn

Posted on 11/28/2012 1:32:16 PM PST by george76

As costs of college soars (with thanks to absurd union salaries and benefits, as well as absurd administrator salaries and benefits), those attending college have increasing trouble paying back loans.

...

a stunning 37.8 percent of recent graduates are working in jobs that do not require a college degree. The study said that means wages are depressed, making the situation for graduates even more difficult.

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


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events; US: Massachusetts; US: New Hampshire; US: New Jersey; US: Pennsylvania; US: Vermont
KEYWORDS: academia; benefits; college; graduates; studentloans; unions; unionsalaries

1 posted on 11/28/2012 1:32:22 PM PST by george76
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To: george76
37.8 percent of recent graduates are working in jobs that do not require a college degree. The study said that means wages are depressed, making the situation for graduates even more difficult.

So what's the point of the federal government encouraging all this stuff?

Wot? The Federal student loan program announces "bonus points"? What's that?

Students can earn bonus points for voting Democrat.. ten votes substitute for one monthly payment.

/sarc -- or is it?

2 posted on 11/28/2012 1:46:36 PM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: george76

just another example of how the US Gov’t pays its citizens not to be productive.


3 posted on 11/28/2012 1:47:23 PM PST by PGR88
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To: WilliamofCarmichael

Biggest “scamdal” around. Between the colleges, banks, and the US federal government. A big bubble waiting to be burst.


4 posted on 11/28/2012 1:48:57 PM PST by Paradox (Unexpected things coming for the next few years.)
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To: Paradox

This bubble is probably set for 2020 to 2025. The problem is that you wrap up a four-year program and have these high expectations. If the best you can do....is a $24k a year job as the local manager of some Enterprise Car Rental shop, then you are fairly screwed. The manager job was usually one you gave to some guy with a year or two of college at most, and maybe they had ten years of military time. It really demoralizes a guy who wasted four years and this is probably the best you can expect for the next five years.


5 posted on 11/28/2012 1:57:48 PM PST by pepsionice
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To: george76

Dennys probably has the most educated wait staffs of any restaurant chain. But then, what kind of job are you going to get with a masters in medieval art appreciation when there are only 3 jobs available every 40 years. Slavery was supposed to be outlawed 150 years ago, but it seems the Federal Government has brought it back.


6 posted on 11/28/2012 2:12:27 PM PST by RetiredTexasVet (The law of unintended consequences is an unforgiving and vindictive b!tch!)
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To: george76

Or more correctly, indentured servitude.


7 posted on 11/28/2012 2:13:52 PM PST by RetiredTexasVet (The law of unintended consequences is an unforgiving and vindictive b!tch!)
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To: RetiredTexasVet

ROFL, Medieval Art Appreciation is better than my Left-Handed Lesbian Poetry Studies!


8 posted on 11/28/2012 2:14:53 PM PST by Fledermaus (The Republic is Dead: Collapse the system. Let the Dems destroy the economy!)
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