In spite of claims that the economy is slowly recovering, it’s still a tough job market out there, especially at the entry level. Every day I read in the news that alarming numbers of college graduates are not finding jobs in their fields of study. Last year, a poll revealed that 40% of college grads were unemployed and 16% were only employed part time. Nearly two-thirds were working in jobs that did not require a college degree, and more than a quarter of a million college grads were earning minimum wage.
The cost of a college education seems to be rising even faster than jobs are declining. Young people considering their future plans should be weighing the cost of a higher education, how long it will take to pay off those loans, and the likely return on that investment.Read more