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Wednesday, March 27, 2013

Is Higher Education a Right?



Earlier this week it happened. Officially. American's student debt burden passed the one TRILLION dollar mark, according to FinAid.org -- which has a clock running on the site. The average student graduates college with $24,000 in loans. But for many of them, that's just a drop in the bucket.

College costs are rising 8-10 percent a year. Graduates are facing an economy with 8 percent unemployment. Employers are demanding college degrees as a bare minimum. This issue is even gaining traction in the presidential campaign. So we had a conversation with Robert Reich -- former labor secretary, current Berkeley professor and author of "Beyond Outrage" -- and Neal McCluskey, associate director of Cato's Center for Educational Freedom.

The conversation between the two guests revealed it's not a simple matter of "yes" or "no" to government student aid. Take a listen to the full half-hour interview.

Go to Public Radio International's Marketplace by clicking here.

4 comments:

Anonymous said...

A lot of good points in the interview. Hopefully we'll be able to fix it soon.
Brent Wilson
Com101 4080

Anonymous said...

I cannot believe it passed the 1 trillion mark. Student debt is getting out of hand.

Erin Penman
Sec. 4080

Anonymous said...

The government have to cut military spending and focus it on education! Invest in our children's future!

Alberto Sayson
Com101 4080

Anonymous said...

its interesting to see that many students get out of 4 year universities with a bunch of theory and no real hands on practice. employers are looking for people with hands on experience and students dont typically get that.

compare now to those with associates degrees in fields like PTA or RN who get all the hands on experience throughout the program. they are more competitive in the job hunting pool and typically are able to earn a good salary, at least for entry level. these students are also in less debt compared to 4 year or graduate students.

income to debt ratio. think about it.

-Mcarino