Math quiz: what is the Returnrn on Investment (ROI) of higher education, funded with student loans, if a graduate can’t find a job?
a) 8 – 10% per year (just like the stock market)
d) Question cannot be answered with the information provided
I think you get the point…
The chart below shows what the job market looked like for the Class of ’08,’09… and 2010.
That’s pretty bleak.
The Bureau of Labor Statistics shows jobs were lost for 25 consecutive months during those years. New college grads had nowhere to go… Except for those with healthcare-related degrees. Look at this next chart…
See. There’s not one month of job contraction in the health care field.
As college students weigh the cost of student loans the new question should be “what pays?”… and not “what do I love to do?”