Unemployment figures have some asking if a college education is worth itFargo-Moorhead (WDAY TV) - For the first time in our country's history, the majority of unemployed people in the US went to college. It's millions of unemployed people scratching their head wondering, was the money spent on furthering their education worth it?
By: Todd Kurtz, WDAY
For the first time in our country's history, the majority of unemployed people in the US went to college. It's millions of unemployed people scratching their head wondering, was the money spent on furthering their education worth it?
Long gone are the days of just the elite students going to college, and these new numbers are raising the question, are too many high school seniors now going to college?
Bjorn Altenburg – Graduating, Going to Concordia: “Attending Concordia next year."
Jason Engebretson – Graduating, Going to NDSCS: “Go to NDSCS."
Joseph Horski – Graduating, Going to UND: “Just got my residency app in, just need to sign up for orientation."
High school seniors will soon be walking the stage and moving on in life. Across the nation 7 out of 10 of them will head to a 2 or 4 year college. In Fargo it's even higher nearly 9 out of 10 students furthering their education.
Bjorn Altenburg: “As my father would always say, there's nothing more secure than your own education."
There are growing concerns with these high numbers. Recently in the US student loan debt surpassed credit card debt for the first time in history. Now new figures show 57% of unemployed people graduated from or went to college.
Jason Engebretson: “It gives me that extra bump for like a job interview or resume."
These new stats are being noticed, students say their classmates and they are scouring majors and choosing fields that have demand right now and will likely keep it in the future.
Joseph Horski: "Especially with the economy the way it is you need a college education to get the life that you want to live.”
Bjorn Altenburg: “It's always good to have education because you can never lose that, you can lose a house you can lose a car but you can't lose education."
These students today made a great point, saying if half of the unemployed have college experience, what chance do they have at snagging a job unless they further their education?