In the United States, the college experience typically begins with an acceptance letter. And around four years later, for seniors like Reaz Khan who told us his story in the accompanying video, it ends with a very different type of mail...bills from student loan issuers.
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Sixty percent of of college graduates are like Reaz and go into debt paying for college tuition. They borrow over $27,000 on average, according to student loan expert Mark Kantrowitz. The Consumer Financial Protection Bureau found that amounts to a trillion dollars outstanding nationally.
This has some wondering if a college education is even worth it? MIT economist Michael Greenstone has studied this. In the accompanying video he gives some insight into why he says the answer is yes.
Here are some hard facts. The longer you stay in school, the more likely it is you’ll have aRead More »from Yes, Despite the Student Loan “Crisis” College IS Worth It