Irvine, CA (PRWEB) May 18, 2011
MoneyNing.com debates whether financing a college education is a sound money management decision in light of the hefty debt load and uncertain employment of students graduating from college. The post, entitled Crippled by Student Debt is available at http://moneyning.com/debt/crippled-by-student-debt/.
The Wall Street Journal recently dubbed the class of 2011 as the most indebted college graduates ever, with an adjusted average debt load in excess of $22,000 – an astounding 47% increase over a decade ago! The article notes that regardless of the sluggish economy, college tuition continues to rise 5% annually with parents less able to provide financial assistance to their off-spring.
According the WSJ “as of 2009, the annual pre-tax income of households headed by people with at least a college degree exceeded that of less-educated households by 101%, up from 91% in 2006. As of April, the unemployment rate among college graduates stood at 4.5%, compared to 9.7% for those with only a high-school diploma and 14.6% for those who never finished high school.”
Money management blog MoneyNing.com addresses these pressures in a recent post entitled Crippled by Student Debt. In discussing the ROI of a college education Vered Deleeuw, the posts author, agrees with the WSJ article noting that “the sad reality is that while college graduates have traditionally earned more than high school graduates, this gap in earnings has remained stable, while college costs have skyrocketed.”
David Ning is an author, trusted advisor and founder of MoneyNing.com as well as a regular contributor to the “ON RETIREMENT” section of USNews.com. Ning focuses on money tips for those seeking to build wealth slowly over time through smart management of their capital resources.
MoneyNing.com was launched in 2007 and has been offering up practical, straightforward money management tips ever since. The blog enjoys a monthly readership of over 300,000 and a growing Facebook fan page. Content from the popular blog has been featured on the NYTimes.com, Time.com, and USNews.com.
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Or, to read Crippled by Student Debt in its entirety go to http://moneyning.com/debt/crippled-by-student-debt/.
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