The lucky one: The price of your college degree

Lucky are those who grew up in an upper middle class American family, for their parents are more than willing to spend a million-worth college degree for their children, for them. Even the kids who belong in a working class home are fortunate, too, since their education is secured by their hardworking parents’ diligence.

Image source: quickanded.com

Lucky and privileged, perhaps, are the words that might describe these kids as they ascent onto the graduation dais, receiving their hard-earned diploma, and thinking of the bright future awaiting elsewhere. Nonetheless, for those who are still evading the loan-providing firms, there might be a substitute description for them: ill-fated.

Image source: askmen.com

The students who managed to finish college through educational loans could not pay the creditors back because they are out of work, or there are no works of any sort that wait for them even though they’re dying to have one.

The problem is there are no jobs available for the new graduates—be they from a middleclass university or not. The economy resurges according to the numbers, but the nation, in the eyes of the unemployed, doesn’t. Joblessness continues to deteriorate as the economy improves and as job hopefuls stay infuriated for not getting the right job they’ve dreamt of. However, numbers are just numbers for those who have long given up landing a job that befits their area of expertise, and some just jump into occupations that have nothing to do with their college degree.

Image source: 101magazine.net

More on planning and financing a college education can be accessed from this David Charlow blog.