College Debt Research
www.averagecollegedebt.com-
The research I did was on the college tuition crisis. I argued that college tuition is way to expensive and the majority of students will guaranteed be in debt. These days to have a successful career means that you must have some type of college degree.
Since 2010 tuition has increased significantly and the college debt has gone up drastically. With there being an increase in tuition means an increase in the unemployment rate. Even though college is supposed to be an investment towards your future, it is the most financially stressful issue a student and the parents have to go through that follows them for years.
The research I found so far was that since 2010; people with college degrees had a 5.2 percent unemployment rate and people without a college degree had a 10.3 percent unemployment. rate.
Also, studies have shown that parents are starting to cut down on the amount of income they put forth towards their child’s income which put even more stress on the students. The percentage of income went from 47 percent to 37 percent.
In the U.S the student debt is an outstanding $250 billion to about $1 trillion, according to the New York Federal Reserve. The question is why is college tuition so expensive and continuing to rise if having a college degree is so crucial in find a decent job in the future?
What I found challenging was finding what was useful for my website and also selecting an audience to gear my website to. I found a wide range of websites and audiences I could use but I feel that I need to make it less broad.
Views All Time
Views Today
The first thing I would like to say is that your picture you chose is very powerful and fits very well with your research/topic. I really like the question you pose about the relationship between the rising cost of a degree and the necessity of one. Normally when a product or service is in high demand, the price goes down. Here, you make a good point by saying this necessity-price relationship doesn’t make any sense. Also, your use of statistics shows that you have done your research. I will be interested to see what your target audience is and the subject matter of your website as that seems to be one of the things your are questioning in this process.
After reading your post, the fact that stuck out to me most was the US Student debt exceeds $250 billion. I recall one time reading that the we are actually creating a student debt bubble much worse than the housing bubble. I tried finding the article, but no luck. However, I did stumble upon this “A tale of Two Bubbles” http://www.forbes.com/sites/georgeleef/2013/10/23/a-tale-of-two-bubbles-housing-and-college/ It pretty much explains the same idea. You should perhaps look more into the economic repercussions. As far as your challenges, I think this material is applicable to almost everyone, just as the housing bubble. You could essentially gear your information towards parents, professors, students, college administration, and even government officials. The easiest to cater to would have to be parents and students. As a student yourself, perhaps you should consider writing about what matters the most to you in terms of loans. For instance, if you have taken out loans maybe you can find out different alternatives or facts that you wish you would’ve known before making the financial commitment. I’m interested to see in what direction you go in.