Student Loan Debt – Did You Get Any “Bang for your Buck!” [POLL]
There’s a report out today saying that the average student graduating from Stockton College in 2010 owed just under 31 grand.
New Jersey ranked 21st in the nation in average student debt.
Considering how tight the job market is, coupled with the amount of debt saddling the average student…do you feel it was worth the time and money you’ve invested, and the hock you’re now in.
According to the report, when Jamie Sofia, 23, of Atlantic City, first went to Rowan University, she borrowed $18,000 at 20 percent interest to help cover the cost.
She later transferred to Richard Stockton College, and even with financial assistance from federal Pell grants, she figures she’ll owe about $50,000 by the time she graduates next May with a degree in public health administration.
And the prospects of finding that job?
Well that’s another story.
Back in February, the Governor proposed budget increases for financial aid almost 8 percent, to more than $393 million.
Now comes the big question.
Do you feel it’s a worthy investment?
Given the fact that many of our college age kids leave for out of state schools, and eventually stay wherever it is they land; you might come to the conclusion that the investment is worthwhile in that it would theoretically keep students at home.
Yet, if the job prospects here are dim, then why allow them to amass debt without the promise of finding jobs in their chosen fields?
Hence the Posse Poll:
Did you get any bang for your buck by attending college and amassing debt?