The Debt Threat

Autor/in	Daugherty, Brian
Titel	The Debt Threat
Quelle	In: CURRENTS, 38 (2012) 7, S.40-43 (4 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0748-478X
Schlagwörter	College Graduates; Debt (Financial); Labor Market; Cost Effectiveness; Paying for College; Alumni; Law Schools; California + Suchen Sie Ihr Suchwort? Hochschulabsolvent; Hochschulabsolventin; Labour market; Arbeitsmarkt; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Studienfinanzierung; Kalifornien
Abstract	The value of a college education, long held in the United States as a ticket to prosperity and a sound investment, is increasingly being called into question. Rising tuition, mounting student debt loads, and dim employment prospects--topped off by incessant news coverage and opinion pieces about the three--are causing many to ask whether college is worth the cost. With more and more students re-evaluating their investment in a college education, those in advancement should consider the following: How will rising student loan debt affect alumni giving in both the short and long term? While many undergraduate institutions are wrestling with this issue, the problem is more pronounced for professional schools. Consider law schools, where the average debt load for many exceeds $100,000; for numerous graduates, this balance is on top of loans used to finance an undergraduate degree. One need look no further than the recent class-action lawsuits brought against several U.S. law schools by their alumni regarding allegedly misleading postgraduate employment data to detect the budding resentment among many new graduates. Today's weak job market contributes to a growing sense of frustration for a multitude of graduates. The job market will eventually recover, but the challenge of appealing to an ever-growing number of graduates with significant debt will remain. "The New York Times" describes this generation of college graduates as one "hobbled by debt." Significant student loan debt can shape their lives adversely in many ways--such as stalling or thwarting their efforts to buy a house or start a family--and can forever change the way they feel about their alma maters. (ERIC).
Anmerkungen	Council for Advancement and Support of Education. 1307 New York Avenue NW Suite 1000, Washington, DC 20005. Tel: 202-328-2273; e-mail: memberservicecenter@case.org; Web site: http://www.case.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10