Thursday, December 20, 2012

College Questionable Investment

College Questionable Investment
As part of its series on income inequality in America, Reuters recently published an in-depth look at Massachusetts, one of the nation's most educated states, where incomes have been declining since 1989 for most college degree holders except those in the highest quintile.

The article included this damning graph:

College Questionable Investment - income graph

As you can clearly see from the graph, the percentage of Bay State residents holding college degrees has gone through the roof, but the return on investment for higher education has eroded for nearly everyone except the wealthy. But, in Massachusetts, as in the rest of the country, students are borrowing their futures away for the questionable investment of higher education:

College sure hasn't been paying off for many:

College Questionable Investment - student loan default chart


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