After the 112th Congress effectively struck a deal last year preventing interest rates on subsidized Stafford loans from almost doubling to 6.8 percent from 3.4 percent for another year, many students from across the country were exultant. Not surprisingly, they deemed this bipartisan compromise (a rarity in Washington these days) as step towards lowering higher education costs and alleviating the crushing burden of debt threatening the futures of so many American college graduates. But this eleventh hour resolution, although widely praised by both Republican and Democratic lawmakers, is nothing more than a temporary fix to a longstanding problem; one that...
There is nothing wrong with a good education. I wish I had got one. I went to university and studied science for four years instead. Education is relative. Higher education does not lead one to wealth or success, or create brilliance. The bell curve of higher education peaks rapidly. [ ^ ] So does any benefit accorded to graduates. The C student is the majority. The A jobs are in the minority. The math is obvious even for high school drop outs, yet you'd be surprised how many supposedly well educated people just don't get it. By second year 80% of students should be reassessing their education/career options.
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