Occupy Graduation protests $1 trillion student loan debt
- 12 years ago
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Occupy Graduation is the latest permutation of the Occupy Wall Street movement. Students graduating with an average student loan debt of around $25,000 face bleak job prospects and are turning graduation ceremonies into student loan protests.
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American students have borrowed $1 trillion in student loans. This year's graduates are competing for jobs with last year's graduates, of whom fewer than half have found full-time employment.
But those in the class of 2012 who borrowed huge sums and to pay first-tier prices for a worthless fifth-tier liberal arts degree might be complaining too much. To be sure, a college degree is still the key to greater economic success — if you study the right degree. The economy was bad when the class of 2012 entered college. Not a good time to borrow tens of thousands of dollars unless it's to major in a subject that will get a job when you graduate.
Who do you blame for America's $1 trillion student loan debt debacle? The students? The schools? The bankers? We'd like to see your opinion in the comments below.
Occupy Graduation is the latest permutation of the Occupy Wall Street movement. Students graduating with an average student loan debt of around $25,000 face bleak job prospects and are turning graduation ceremonies into student loan protests.
Facebook: http://www.facebook.com/NMAtv
Webpage: http://www.nma.tv/
Twitter @nmatv: https://twitter.com/#!/nmatv
Tumblr: http://nmatv.tumblr.com/
American students have borrowed $1 trillion in student loans. This year's graduates are competing for jobs with last year's graduates, of whom fewer than half have found full-time employment.
But those in the class of 2012 who borrowed huge sums and to pay first-tier prices for a worthless fifth-tier liberal arts degree might be complaining too much. To be sure, a college degree is still the key to greater economic success — if you study the right degree. The economy was bad when the class of 2012 entered college. Not a good time to borrow tens of thousands of dollars unless it's to major in a subject that will get a job when you graduate.
Who do you blame for America's $1 trillion student loan debt debacle? The students? The schools? The bankers? We'd like to see your opinion in the comments below.