A student debt study unravels the American Dream ideal that college will propel you to the middle class — from fortune.com by Bytrey Williams with thanks to Ray Schroeder for this resource out on LinkedIn
Excerpts:
Looking at a cohort of borrowers from 2009, the report highlights that 50% of undergraduate debtors hadn’t repaid their loans. Across different types of loans, borrowers owed between 50% to 110% of their original loan 10 years after repayment began.
A college degree is undoing the American Dream
Getting a college degree has long been heralded as a staple to the American Dream, viewed as the path to wealth that will eventually buy a house in suburbs with a white picket fence. But the Jain Institute report shows that’s no longer the case.