Friday, August 28, 2009

How Much Will You Owe On Your Future?

Do you buy into the rhetoric that you will make X # dollars more over a lifetime with a college degree? Is that really true today? Maybe it was ten, twenty or thirty years ago, but perhaps that is changing. As a larger percentage of the population obtains four-year degrees, basic economics dictates downward pressure on wages. At the same time, the American Institute for Economic Advancement calculates that college tuition and fees have risen 248.4% since 1990 (from their 2009 Cost-of-Living Guide, which tracks the purchasing power of the dollar).

Some talented filmmakers are documenting the effects of student loan debt, and they deserve support to complete their movie, Default: The Student Loan Documentary. Check it out at http://www.defaultmovie.com/

1 comment:

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