Rapidly rising education costs combined with diminishing expected incomes are likely to create significant problems for a generation of young workers. With unemployment still greater than 8% many recent college graduates have elected to get their secondary education instead of seeking immediate employment. This is a sound strategy in some cases, but it is important to look at the potential benefits of the secondary degree versus the costs, including of course the financing costs. I don’t think many young people are really thinking about the actual long term costs of financing some of these elaborate educations and I believe it would be very helpful for every high school student to have a 1-2 hour course on making better choices on financial aid.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.