Although loans help subtle the cost of college, “the more aid one receives with tuition increasing accordingly, the more aid one has to have” (London 2). Furthermore, students who are financially deprived are making decisions without understanding the intensity of the consequences in the near-future. In fact, many animadversions about post-secondary plans were proposed by “critics [who made] substantive claims about low graduation rates, high debt levels, lost time working, inadequate learning gains, and poor job prospects” that occurred along with the little success for such graduates (Rose). Still, college becomes an influential benefactor for college graduates as the “average debt is about $25,000, a sum that is a tiny fraction of the economic benefits of college” (Leonhardt). Thus, high paying jobs will help diminish such accretion to ensure economic …show more content…
In the labor market, the unemployment of these graduates “who are unemployed or ‘underemployed’—working in a job that typically does not require a bachelor’s degree—has risen, particularly since the 2001 recession” which concludes to a significantly lower emolument ((Are Recent College…) 1). Rather than awaiting the career associated with the degree, these college graduates awaits for “good non-college... [which] do not require a bachelor’s degree, they tend to be career oriented, relatively skilled, and fairly well compensated. At the other end, low-wage jobs paid an average wage below $25,000 per year in 2012” ((Are Recent College...) 5). The conditions for college graduates seems grim, and individuals without a degree inherit even grimmer consequences where “college graduates [do] not lose nearly as much ground as their less-educated peers” (Pérez-Peña 1). Also, individuals without degrees share a “significantly higher [unemployment rate] than the rate of college graduates” ((Are Recent College…) 5). Through statistics, college graduates are able to achieve a both higher and appropriate waged job as they gain more experience from the market. However, college graduates with a master’s degree are “[reluctant] to relinquish their current jobs… even when it meant remaining in a non professional position as a library assistant or clerk”, and