College Discussion - View Single Post - people aren't saving and college debts are also soaring

dstark · 04-13-2008, 03:32 PM

I don't see how this can be argued as a good development.

Parade Magazine on Yahoo! News

"Tuition costs have climbed 60% since 2000, and the average graduating senior now owes more than $20,000, according to the National Center for Education Statistics -- twice as much as graduates owed a decade ago.
Nearly a quarter of recent grads owe in excess of $25,000.
While student debt rose 8% from 2005 to 2006, starting salaries rose only 4%."

04-13-2008, 03:32 PM	#1
dstark Senior Member Join Date: Aug 2004 Posts: 4,123	people aren't saving and college debts are also soaring I don't see how this can be argued as a good development. Parade Magazine on Yahoo! News "Tuition costs have climbed 60% since 2000, and the average graduating senior now owes more than $20,000, according to the National Center for Education Statistics -- twice as much as graduates owed a decade ago. Nearly a quarter of recent grads owe in excess of $25,000. While student debt rose 8% from 2005 to 2006, starting salaries rose only 4%."