If you’re in a slump and haven’t found a job yet- you’re probably thinking of going back to school. Just like everyone else in GenY. I don’t want to come off as a hypocrite but I myself am in B school but only for the reasons that my company pays for it and because I love the material. If you are in the process of earning a higher education in hopes that it will make you rich in the future and it will appreciate in value- think again. A top tier program is by no means a requirement for success. Universities have gotten a lot more expensive and normal supply and demand doesn’t justify this increase but several still believe that whatever the cost, an education is a necessary ticket to future prosperity. So tons of students are taking on mounds of debt and are comfortable with it because they believe the value will always go up… sounds like the housing bubble right? In ‘05 awesome Bush announced that student loan debt is debt that you can’t get rid of by declaring personal bankruptcy-this means you’re stuck with it! Next time you’re considering pursuing a higher education make sure you realize it may not be the golden ticket.
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