There has been lots of talk of late about the increasing number of student loans and student debt. Graduates are in an interesting spot, as the installment loans for college cannot be discharged in bankruptcy and there are not as several great jobs anymore. The value of college is being weighed by lots of people. Post resource - Value of college questioned with high loans and unemployment by MoneyBlogNewz. Most media sourced don't like the idea of higher education News websites and columns are starting to debate higher education. "College isn't worth it" and the opposite are both being found everywhere. A loan for a business of $100,000 would be given to anybody willing to drop out of college and start a business from Billionaire Peter Thiel. CNN had one of the people who took the deal from Thiel write a column for them. The person said that since higher education stifles entrepreneurial innovation, it isn't worth it. The author of a recent column on the Reuters website, John Wasik, contends that because tuition has risen 467 percent since 1986 while inflation rose 106 percent, the cost of college may not be worth it because real wages aren't keeping pace with inflation. Higher education won't help everyone succeed Higher education, though, does pay off for a lot of people. Student loans are worth it for many. These people are grateful for them. More money is made off of defaulted student loans than those that are paid by the government, the Wall Street Journal states. About 85 percent of student loans that are defaulted will be collected in the end. Not only that, but the government expects to collect up to $1.22 on every dollar of student loans that are outstanding and in default. About 10 percent is made on defaulted debt for credit card businesses. The reason is that defaulting on school loans is different from other kinds of loans. Unsecured loans are typically dismissed in bankruptcy. Most other things could be repossessed if payments are not made. What the average person claims about the college experience Going by the numbers, there appears to be a real incentive to attending a four-year institution and emerging with a bachelor's degree. According to the Bureau of Labor Statistics, those who are college educated have an unemployment rate of 4.5 percent as of May of 2011. Those with only a high school diploma have an unemployment rate of 9.5 percent. United States Census data showed that men earned $36,332 on average with a high school diploma in 20009. Women averaged $22,868 in payment. Men with a bachelor's degree earned, on average, $70,568 and women with a bachelor's earned $42,128 on average, per year. Citations CNN articles.cnn.com/2011-06-03/opinion/stephens.college_1_student-loan-debt-college-graduates-richard-arum?_s=PM:OPINION Reuters blogs.reuters.com/reuters-wealth/2011/06/06/is-college-worth-the-investment/ Wall Street Journal online.wsj.com/article/SB10001424052748704723104576061953842079760.html?link=SM_bor_sl_res Bureau of Labor Statistics on Unemployment bls.gov/web/empsit/cpseea05.htm Census census.gov/hhes/www/income/data/historical/people/index.html
