In class we discussed the concept of wage differentials. Historically, a correlation has existed between educational attainment and income level.
In class we discussed the concept of wage differentials. Historically, a correlation has existed between educational attainment and income level. Acquiring more education (human capital) has always been promoted as a means of escaping poverty. Unfortunately, due to rising college costs, students have taken on unprecedented levels of student loan debt. For this paper, you will research (with a minimum of three additional resources) the “student loan bubble” and proposed solutions to assist the impacted economic actors.
The paper should address some of these main issues:
- Rising college costs and the reason for them.
- Is a college degree still worth the investment?
- What has been the trend in student loan debt over time?
- What are the individual and societal consequences of excessive student loan debt?
- What are some current proposals or programs aimed at solving the problem?
- What are some counter-arguments against student debt forgiveness?
- What responsibility should be borne by the borrower for the problem?
- Should college be reformed and if so what a reform look like?
