They don’t take green stamps for college, but they will take every penny you have saved.
We hear a great deal about the student loan crisis, but we hear very little about the real problems that contribute to it.
It takes too long to obtain a degree, students are unprepared for college, many jobs do not actually require a four year degree, college is too expensive.
Read more on HumbleDollar at the link below.
The National Center for Education Statistics reports that it takes six years for 62% of incoming public university freshmen to graduate. The number rises slightly to 67% for private nonprofit schools, but drops precipitously to 25% for private for-profit schools. The six-year rate varies based on school selectivity, with a six-year graduation rate of 90% for schools with selective acceptance—meaning just one out of four are admitted—but only 34% for schools with open admissions.
Source: Goodbye Assets – HumbleDollar