Many PhDs Can’t Find Jobs
By John Lawrence
Former Secretary of Education, William Bennett, has written a book, Is College Worth It? Evidently even education experts are starting to question the value of obtaining a college education especially if it means taking on a mountain of debt, and there is no guarantee that once graduated there will even be a job there waiting so that payments on that debt can even begin.
If not, the college graduate faces delinquency, default and penalties that can add greatly to the original debt making it all but insurmountable and one that will follow the individual for the rest of his or her life.
There seems to be a myth that a college education is part of the American dream and that not having acquired one makes one a loser. However, consider this. Some of the greatest contributors to society and some of the richest people never graduated from college. [Read more…]