Cap, check. Gown, check. Job, no prob.:
The class of 2006 timed things just right.
College seniors collecting their diplomas in a few weeks started their collegiate career when the economy and job market were on the decline. But they’re leaving the quad just as the going is getting solidly good.
Woo hoo!
Student loans – a life sentence:
Approximately two-thirds of all students use loans to pay for their higher education, according to the Center for Economic and Policy Research. The average debt is $15,500 for public schools and $24,600 for private – many students rack up even more on their credit cards.
Call it a reverse dowry: college debt diverts careers and delays or impedes graduates’ plans to get married, buy a home or even to start a family. The effects can last years.
D’oh!
Yeah, timing is very important. I had a few CS instructors that were shit, and didn’t last long at OSU. And when I graduated, the job market wasn’t that great. (Although probably better than 2001-2003.)
Dammit, I borrowed higher than the average. Interest rate and tuition are higher now though. Sucka!