The High Cost of Higher Education: Is It Worth It?
Thursday, May 14, 2009
by Jennifer Hsu of The Takeaway
This year 3.2 million students are expected to graduate from high school and of those, roughly 70 percent will go on to get a college education. But with two-thirds of college graduates carrying debt--and the average student loan debt topping $20,000, with some as high more than $200,000--is a college degree worth it? What does it get you in today's global economy? The Takeaway's Jennifer Hsu talked to graduates at New York University's commencement ceremony about their future of debt.
Want more on new grads and what they face in these difficult economic times? Listen to The Takeaway's series "Pomp In These Circumstances."