It’s fall and many young people are looking at those college applications and thinking “is college still a good idea?” It’s a relevant question considering the high cost of tuition and the student debt problem in America. It’s also an issue that spurred debate this past spring. Before you decide whether you should take the plunge, take these factors into consideration.
By now, we probably all know someone who struggles with student loan debt or job woes. Many of us young folk went to college hoping to make our dreams come true, only to find ourselves saddled with enormous debt and no job prospects. Young grads are still having trouble nailing down that first professional job, and many people aren't working in the industries they trained for. It wasn't exactly a walk in the park for older people either, whose careers went kaput and they had to go back to school or get new training. Stories from the Great Recession are many among us.
The divide between America's rich and poor has grown extensively in the past 30 years, especially for people raising kids. And while the rich have become richer, earnings have declined for the lowest-income echelon. Education can and should be the great equalizer, expanding opportunity for the poor. But how can we improve public policy to ensure that it's accessible to all income levels in an age of skyrocketing tuition costs?