Yesterday we provided a detailed breakdown [6]of the cost aspects of a college education, particularly for young people who have no choice but to fund their education with student debt, a key part of the equation that the San Fran Fed in its particular cost-benefit "analysis" of college education avoided.
There is much information in the post, but one particular aspect of the Pew analysis that the article was based on, bears repeating and highlighting for all those less than "1%" young Americans debating whether a college education is worth the tens if not hundreds of thousands of dollars in student loans: the median net worth of "young" households, those where the head is younger than 40 years old, is $8,700, or 20% less than not college educated households with no student debt.
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4 comments:
That's hilarious,especially with free colleges available.And incidentally,most of the free colleges have outstanding post grad employment rates.
Duh. Does the author even know how net worth is determined? Obviously a person with debt has a net worth less than one with no debt.
Not every college grad has debt. Smart students and athletes get scholarships others work or have parents that planned ahead for their children's education.
Excuse me "Duh" the debt making them worth less is the point.
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