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Thursday, June 28, 2012

In a recession, do 4-year colleges make sense? - CBS News

In a recession, do 4-year colleges make sense? - CBS News


Republicans and Democrats in Congress on Wednesday struck a deal to keep the interest rate on government-subsidized student loans at 3.4 percent.
Millions rely on those loans to pay for college, but a growing number of high school graduates have decided that it makes more sense to skip college altogether.
In central Pennsylvania, the Mechanicsburg High School class of 2012 is thinking about the future. Rebecca Bradley planned to go to college to become a teacher.
"Just in Pennsylvania for state schools, a lot of them were $20,000 to $23,000. I'm doing the math to myself like how would I pay for this on a teacher salary. I have no idea how any of this would work," Bradley said.

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