But now, there is a sense that student loan debt will haunt borrowers deep into adulthood, negatively affecting their ability to make life choices that are part of a healthy future and a key to the health of our economy.
If you examine whether college is worth it from a purely statistical standpoint, the answer is yes. From the school year to the school year, the average cost of one year of college including room and board increased for 4-year private schools However, majors make a difference. For individuals without relatively high ability, college does not appear to be a worthwhile investment, and may be a losing one once you take into account tuition costs and four years of not working.
For instance, will they be expected to get a part-time job to cover living and entertainment expenses? They say college graduates also have better interpersonal skills, live longer, have healthier children, and have proven their ability to achieve a major milestone.
Good news so far.
The community of people on a college campus means students are likely to make diverse friends and business connections, and, potentially, find a spouse or mate. Perhaps the biggest oversight in the Brookings study, though, is that the data includes only borrowers actually making monthly repayments on their debt.