Here are some soundbites on the state of the US higher education demographic.
Why College Is Not A Bubble (Except For The University Of Phoenix)
“Student-loan debt surpassed credit-card debt for the first time in history last year.”
“Tuition is rising at three times the rate of inflation.”
“College degrees are still relatively scarce in the U.S. Less than 30 percent of the population have BAs, and we’re 12th in the world in the rate of young workers that have associate’s degrees or more. President Obama’s goal is to increase the percentage of young people with some kind of postsecondary certification to 60%.”
“Global demand for education keeps growing–it’s on track to double over the next 10 years, to over 225 million students worldwide. According to UNESCO, India would have to build a new campus every two weeks between now and 2025 just to meet the demand. And the U.S. model is still the most desirable internationally. U.S. private universities are expanding overseas from Abu Dhabi to Singapore to meet this growing global demand.”
“As Kevin Carey of Education Sector points out in this column, a college degree, unlike a home, is nontransferable. It can’t be flipped. Nor can it be foreclosed on. Student loan borrowers can go into default, which can in extreme cases actually negate the positive salary impact of their degree, but this is still pretty rare.”
“Numerous studies have shown that higher education gives the biggest edge not to the type of privileged young go-getters …, but to the children of immigrants, or those who are the first in their families to go to college.”
“In reality, demand for an American-style college education, and the long-term value of said degree, is unlikely to decline any time soon.”
There are links to sources in the original post.
Stephen
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