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Not only in the United States is the price of education rising, but all over the earth it is occurring as well. In the United Kingdom, the sum of money that students have to borrow to go to college is growing each year. It has increased so much that the average student debt was 3,100 pounds in 1994 and it grew to 14,700 pounds in 2004. A analysis that was conducted in 2007 by Push.co.uk noted that a student that finished college in 2008 would have an average debt of 21,500 pounds. Then female graduates are having a more difficult time paying off their debts there as well; it takes an average of 11 years to pay off for males but 16 years for females. People everywhere are questioning whether or not it is worth the cost to go to school any longer. In the analysis in the United Kingdom, up to 82% of the people who were surveyed for the 2007/2008 year believe that educations are worth the cost, however the number was once 86%; showing that people are missing faith in higher education at a extremely slow tempo. An additional issue that a lot of students are coming up against as they are going into school is the question that many families aren’t able to pay for the higher education. I can speak from experience with this; my parents by no means saved any cash for me to go to college. I had to pay for the complete thing. I worked and took out loans to help pay for college. From time to time when students are faced with these decisions, they choose one or the other. The debt that a student faces gets even worse when it comes time to pay back the loans that they took out all the way through their time in school and they can’t locate a job. This is a exceptionally current issue because of the soaring redundancy rate. In the United States the unemployment rate for those between the ages of 18 and 24 is more elevated than any other age group and it continues to intensify with the overall unemployment rate. When someone is not able to find any work, especially work that will pay off the pile of debt that a student accumulates, then it does turn out to be quite a scary task to be able to pay the student loan bill monthly. If anyone were to ask me if I would or would not go through school all over again, I believe I would. I enjoyed some of the time I exhausted there, and someday I know that going will ultimately pay off. Currently, like many grads, I am just a bit discouraged by the level of joblessness and my lack of work prospects at all. Maybe something along the lines of graduate school is in my future someplace. I’m not sure about that currently, especially with the mountain of debt I actually graduated with.
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