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New Report: College Debt Up, Job Prospects Down for Grads

college debt According to the Project on Student Debt's latest report, college debt among 2008 college grads jumped 25% over those graduating four years before.

According to the report, the new debt load is $23,200 for each graduate. This is $4,550 more than the average debt from 2004.

Many college experts have touted the fact that a college's sticker price is much higher than what the student will actually pay once they enroll. Yet such platitudes haven't eased the reality that higher education is overpriced and doesn't offer the return on investment it once did.

Added to the increased debt load is the report's assertion that "employment prospects for young college graduates have soured along with the economy." Other statistics have shown that only 20% of 2009 grads found work upon graduating last May.

While higher education experts tout scholarships and loans as the best way to fund higher education, students can take ownership of their college costs by doing credit by exam and online coursework at an extremely less expensive rate.

Find out more about credit by exam and online distance learning today. You might be able to cut your degree costs by 63% or more!



1 comment so far - Leave a comment below

More debt + Less jobs = Not cool...

Thank you CollegePlus! for helping me to not have to be a part of that statistic.

— Jason Tuesday, December 8, 2009 2:33 PM CST

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