Chart: Slipping Financial Disciplines
Tuitions and other college-related expenses are at all time highs. The ability to earn your way through school is on the decrease. Cost pressures continue to be a deciding factor of the burgeoning dropout rate. Student loans are easily obtainable but are not dischargeable in a bankruptcy like other notes. Unemployment among recent graduates is relatively high.
So of course today’s college students, faced with this high stakes situation, respond with an extra dose of prudence and caution, right? Unfortunately, no. Continue reading