QoD: What's the biggest concern for current high schoolers applying to colleges?
Answer: Level of student debt
- What's your biggest concern about applying for college or as you think about your post-high school plans?
- Why do you think that student loan debt is such a concern for so many?
- Do you know anyone who has a lot of student debt? How are they managing it?
Do you think it is worth it to take on debt for college? Why or why not?
Behind the numbers (from PBS Newshour; 8 minute video):
Two-thirds of grads are saddled with loans, and their total debt has passed $1.5 trillion, half again the total owed on credit cards. That's 45 million borrowers, averaging more than $30,000 each...And so, Gen Z seems to be thinking about college costs a lot more skeptically, some would say more realistically, others more narrowly, than those who came before.
Watch this 8 minute video from PBS NewsHour to hear how current high school students are thinking about paying for college:
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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