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
- Alcorn president launches new customer service task force
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- David Duval, former British Open winner, joins Sanderson Farms field
- Court rules against Greenwood councilwoman; must give up office
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Cochran continues to reach out to African American voters
- Peoples Bank reports quarterly loss due to bad loans
- Senators write letter over Waters of the United States proposal