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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Peavey's wellness program honored after workers drop 1,000 pounds
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- Watkins says JRA out to block him from Farish by repaying HUD $1.5M
- Mississippi Film Studios signs contract with New Orleans company
- State renews battle over water use with city of Memphis
- Mars Food expanding Delta plant; investing $31M and adding jobs
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Biloxi baseball project still alive but may be held for 2015