The college student debt bubble
Many students believe some majors (or degree programs) aren’t worth the debt
Published: November 20,2011
Etta Spencer learned the hard way that all college degrees aren’t created equal.
The Madison resident borrowed $28,000 and earned a bachelor’s degree in business from the University of Southern Mississippi in 2003.
It took her two years to find a job, and after four years of working and paying off $10,000, she was laid off.
Nationwide, the cost of college has more than doubled since 2000, outpacing the rate of inflation. But while costs have risen, wages have not. Some economists worry about a higher education spending bubble, as some students who incurred debt to get degrees in not-so-lucrative fields won’t be able to pay back loans.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Source: Bryant has offered Glenn McCullough MDA job
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- Two new casinos like the odds on Mississippi Gulf Coast
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Planters Bank promotes at 3 locations
- Nehi Bottling Company has been a Cleveland fixture for 85 years