Chapter 6. Student Loans
Americans are pretty well convinced about the value of a college education.
Three-quarters of those polled for The National Center for Public Policy and Higher Education believe a college education is more important today than it was 10 years ago. People know that low-skill jobs are disappearing rapidly thanks to advancing technology, changes in our economy, and increased outsourcing of jobs overseas. A college degree is no longer seen as a ladder up; it's a life raft in a stormy economic sea (see Table 6.1).
Degree Attained | Average Annual Pay |
---|---|
None | $18,793 |
High school graduate | $26,795 |
Bachelor's degree | $50,623 |
Master's degree | $63,592 |
PhD | $85,675 |
Professional (law, medicine) ... |
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