The Crushing Problem Of Student Debt  Mon, 03/29/2010 - 5:33am
Mike Collins, Author, Saving American Manufacturing  Is
increasing student debt worth a college degree?  The American
dream has always been about upward mobility and the mantra for
the last 50 years has been “Just get a college education.” In
the 1950s only 10 percent of workers had bachelor's
degrees. Then the mantra kicked in and people flocked to
colleges. By 2007 27 percent of the working people had four-year
degrees.  Well times and the economy have changed drastically
and bachelor's degrees are not as valuable as they once were.
The bottom line is that a high school degree won’t get a person
into the middle of the middle class wages, unless you are lucky
enough to get the few union jobs that are available or get into
a trade. "A bachelor's degree, today, has taken  the place of a
high school degree in the fifties, and a master’s degree has
about the value of bachelor's degree," says Tamara Draught,
author of the book, Strapped –Why America’s