Re:Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
by jartelt on Tuesday December 05, 2017 @04:07PM
(#15855991)
Totally agree. If they want to do so, I would certainly recommend a young person get a degree regardless of whether it is STEM or not. I just wouldn't give someone a huge loan to study a low earning major at a expensive private college. That is just setting them up for a mountain of debt they are unlikely to be able to pay off.
Median Lifetime Earnings: https://www2.ed.gov/policy/highered/reg/hearulemaking/2011/c...
Cost of School and Lost Earnings vs High School Grad: https://trends.collegeboard.org/sites/default/files/educatio...
BLS on Pay by Education https://www.bls.gov/opub/ted/2015/more-education-still-means...