College Debt Is Out Of Control!
Going to college was once regarded as a must if you wanted to have money and be successful in life. As we move past the age of information into the age of convenience, school and life skills are more accessible and far less costly. Computer coding is the number one growing job in every industry in every state in the US and you can get certified for as little as $200 including the training and the certification. Is there really a need for traditional secondary education as we know it? Look at these statistics, do we really need to start our kids off in life with tens to hundreds of thousands of dollars in debt?
Sixty-five percent of the class of 2018 graduated with student debt, according to the most recent data available from The Institute for College Access & Success, a nonprofit organization that works to improve higher education access and affordability. Among these graduates, the average student loan debt was $29,200.
The average U.S. household with student debt owes $47,671, according to NerdWallet’s 2018 household debt study.
Students who pursue professional degree programs can expect to take on much more. Here’s how the average student loan debt compares for the class of 2018.
Average debt for medical school graduates: $196,520.
Average debt for dental school graduates: $285,184.
Average debt for pharmacy school graduates: $166,528.