As American students are increasingly striving for higher education degrees to fulfill the demands of a competitive job market, they have also found that the price of this educational trend can prove particularly steep. High education costs often put students, who generally lack the kind of financial stability to pay for school on their own, in fairly deep levels of debt. This is often rationalized by the prospective salary of student’s intended profession, but that thinking does little to provide for debt repayment until he or she can secure a job.
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Between undergraduate and graduate students, the cost of higher education can prove astounding. As many higher-paying positions require applicants to at least hold a bachelor’s degree, if not a master’s, the overall figures concerning student debt and the total student population are steadily increasing. Consider some of the following statistics:
These figures illustrate a staggering burden on individuals who are usually financially compromised by their lack of a salaried job during school.
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