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Mon Dec 10, 2012, 01:55 PM

As Debt Rises and Job Prospects Dim, Some Say It's Time to Put a Warning Label on Graduate School

By Stacey Patton
Washington
This isn't just the year of the massive open online course; it's also the year of two other hot topics in higher education—student debt and a barren job market for graduating students.

While people in higher education are struggling to adjust realistically to the supply-and-demand changes in the labor market, students need more-transparent information about the pathways into and out of graduate school now. That was the consensus among attendees at the Council of Graduate Schools' annual meeting held here last week.

In various sessions, deans and administrators discussed everything from faculty perceptions of the job prospects for graduate students and the ways some institutions are trying systematically to track outcomes (or not), to how to increase financial literacy on campuses at a time when undergraduate student debt and recent changes in federal loan policies are making it more difficult for students to attend and finish graduate school.

"The situation we face today is one of good news and bad news," said the council's president, Debra W. Stewart. "The good news is that there is broad bipartisan agreement here in Washington and among elite stakeholders that educating people up to the highest level possible is necessary for America to be competitive and prosperous. There are very few people who say they don't want their kids to go beyond college."

The issue going forward, Ms. Stewart said, is, "How are we going to find the money to do it?"

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http://chronicle.com/article/Some-Say-Its-Time-to-Put-a/136217/

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Reply As Debt Rises and Job Prospects Dim, Some Say It's Time to Put a Warning Label on Graduate School (Original post)
n2doc Dec 2012 OP
smirkymonkey Dec 2012 #1
smirkymonkey Dec 2012 #2

Response to n2doc (Original post)

Mon Dec 10, 2012, 07:24 PM

1. I'll say. I am paying out my ass for my Grad student loans (most of it is interest)

which makes me sick. I would be perfectly happy to pay off what I originally borrowed, but the compounded interest is killing me. There is no way I can keep up with it and my degree has not given me much of a leg up as far as my earning potential. I am so screwed.

I don't think I will EVER be able to pay it all off. It's growing faster than I can pay it and I am paying as much as I possibly can. I am so disgusted by these usurers at Sallie Mae I could scream.

Kind of makes me feel completely hopeless.

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Response to n2doc (Original post)

Mon Dec 10, 2012, 08:43 PM

2. C'mon. Are we the only two people who are getting f***ed over by student loans?

I would like to hear from some other people on this.

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