Friday, June 10, 2011

College no longer fulfills American dream

BUSINESS INSIDER
Gary Liberson, Huffington Post - The PEW Research Center looked at the issue of college pricing in their report,"Is College Worth It?" Their findings validate the tensions caused by the high cost of a college education:

A majority of Americans (57 percent) say the higher education system in the United States fails to provide students with good value for the money they and their families spend.

A record share of students are leaving college with a substantial debt burden... a quarter say it has made it harder to buy a home (25 percent); and about a quarter say it has had an impact on their career choices (24 percent).

Nearly every parent surveyed (94 percent) says they expect their child to attend college... most young adults in this country still do not attend a four-year college. The main barrier is financial.

Over the last 18 years, every dollar added to the cost of a college degree has only put 14 cents of annual income in a graduate's pocket.