This week on Money Talking, regular contributors Joe Nocera of the New York Times and Rana Foroohar of Time magazine weigh in on whether college is still worth the investment in this age of exorbitant tuition and skyrocketing debt.
As college seniors graduate this month, they're starting their careers in a sluggish labor market where salaries have stagnated and even finding a job can be difficult.
As a result, some students and parents might be asking whether that college degree was really worth the cost. As higher education has gotten more expensive, total student debt has risen to more than a trillion dollars — second only to mortgage debt. The amount has nearly tripled since 2004.