By Rob Basso on
2/28/2012 10:54 AM
Most high school students gear up for college with the anticipation that they will graduate in 4 years and find a job after college graduation, right? Not anymore. Finding a job has been extremely difficult for college students and especially stressful for those students and families who are unable to afford the cost of higher education without student loans. I recently read an MSNBC article that said “student loan debt in the U.S. now totals more than $1 trillion. That’s more than all the outstanding credit card debt in the country.” Recent reports state that college seniors in 2012 owed an average of $25,250, up five percent from the previous year. Aside from that, parents of college students had an average of $34,000 in student loans for their children. The more staggering statistic indicated that the number of the parental loans jumped 75 percent since 2005-2006. And what about the fact that more than 2 in every 25 students who graduated college in the last five years and will need to get a master’s degree? Is higher education “worth it” after all?