Re:Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
by robocat on Tuesday December 05, 2017 @03:55PM
(#15855865)
> hundreds of thousands of dollars more earned than if you were to not achieve a degree.
But will that still hold as the percentage of people getting degrees rises?
In the limit everyone gets a degree, and the average wage for a degree holder is the average wage.
"a majority (58%) of Republicans say colleges and universities are having a negative effect on the way things are going in the country"
We should be continuing to encourage higher education in addition to trade schools. Bachelor Degree holders, on average, earn a million dollars more during their life time than those who only have a high school diploma. Even if you are accounting for lost earning potential, cost of tuition, supplies etc... your still talking about hundreds of thousands of dollars more earned than if you were to not achieve a degree.
Pew Research Poll http://www.people-press.org/2017/07/10/sharp-partisan-divisi...
Figure 2A Lifetime Net Earnings by Education https://trends.collegeboard.org/sites/default/files/educatio...
Figure 1 Lifetime Earnings by Education https://www2.ed.gov/policy/highered/reg/hearulemaking/2011/c...