Monday, February 3, 2014

Trillion Dollar Debt

The cost of college today is very horrifying. It's getting more expensive faster than one can earn money for tuition. This is the main reason why I did not go straight to a four-year college. The cost dissuade me.  I was aware of the statistics mentioned in the article. I did not want to become one of those who graduate buried in large amount of debt. To make things worse, it may take a while to find a sustainable job that will pay off the debt. Yes, there are grants and scholarships. But, are those enough? Full scholarships are very competitive and hard to come-by. Sometimes I ask, is it worth it? Coming from a creative field, it doesn't seem like it. One may argue otherwise. If one wants to practice medicine, law, or any profession where someone's life is at stake, education is a must.

I noticed that most of the college students who spoke in this article seemed to lacked information about the cost of higher education. Or, were they deceived by the colleges promising an "affordable education?" For-profit schools are great advertising their institutions. You see and hear it everywhere. " Whichever the case may be, debt is avoidable if one plays his cards right.


Who is to blame? The incompetent government? The colleges who raise their tuition annually? The unpredictable economy? 

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