The availability of student loans has changed our financial and employment landscape.
While attending college used to be something just a few did, “We now send 70 percent of high-school graduates to college, up from 40 percent in 1970,”according to Marty Nemko, a career counselor based in Oakland California (The Chronicle of Higher Education).
While 70 percent of high school graduates attend college, the number of students who graduate with a degree is smaller. Even when a student does obtain an undergraduate degree, a job is not guaranteed.
“Among the members of the class of 2010, just 56% had held at least one job” (The New York Times) by the spring of 2011.
This naturally begs the question, should all high school graduates attend a college? Should attending college be something we encourage our children to do?