The Expensive School Fee and Unsatisfactory Job Market Become the Big Vexation for American Graduates
Once you POP, you can't STOP!" For the now
American young people: to apply and enter university or even graduated
does not mean the beginning of a better life. They are faced with an
increasing number of worries: manage to climb up the increasingly high
"tuition fees Mountain" and only get the continuous depreciation of the
college degree. According to Trends in College Pricing 2009 published
by ColledgeBoard.com, an authoritive education website, the average
annual cost of tuition and fees at four-year public colleges rose 6.5
percent from last year, reaching 7,000 USD for American local students
in 2009. If includes rent, meals and incidental expenses, so the
average tuition of American university students up to 15, 000 dollars
in 2009, which is 5.9% higher this year than last year. International
students, “students from other States” and local students are facing
the challenge of rising school expenses. The average tuition they paid
around 18,000 dollars, which is 6.2% higher than last year. The
increase in tuition is just one of the problems students in the US are
faced with. The fast devaluation of college diploma put more young
people at dilemma. "The university would mean to pave the way for the
decent, well-paid jobs in future", now it seems to be a beautiful
bubble. The specific reflections in the depreciation of diplomas are
like this, now the U.S. employers gradually increase the requirements
for academic qualifications when recruiting new staff, and attach more
and more importance to the applicants' working experience. This means
that the employment rate of college graduates reduce greatly. According
to a survey conducted by Michigan State University, in 2008, by the
financial crisis and economic recession dragged the U.S. employment
rate of university graduates plunge 40%; and in 2009 than last year
dropped again by 2%. According to the survey, it also will continue to
decline 1% in 2010. The United States has a relatively perfect college
loan system, which provides a way for those students from poorer
families or students who do not want to dependent from parents.
However, with the growth of tuition fees, this way is more and more
difficult. Many students who relying on loans to study have a
heavy debt burden. According to the U.S. Department of Education
statistics, there are currently two - thirds of graduates are burdened
with a large amount of money for tuition loans. In 2008, the average
debt burden of college graduates about is 2.3 million U.S. dollars. In
2009, college freshmen tuition loans are 18% higher than the previous
year, up to 81 billion U.S. dollars. In the past era when diploma
was still valued itself, repaying loans has no problem for college
graduates. Now, with the difficult issue of employment for college
graduates, the days carrying high levels of debt to find a job made
many graduates can not breathe. We attribute the rapid worsening of
employment mainly to the last year’s financial crisis. Though the rate
of unemployment in November dropped surprisingly, it still reached 10
percent. American job market is still suffering a lot. Except for that
bad environment, the easy access into college these year, which makes
an oversupply of graduates, is the direct reason for the devaluation in
diploma. According to statistics, college graduates in 1973 were
scarce in America and only 47 percent students in high school can
access to college. But the number was near upon to 70 percent on
October of 2008. For many young Americans, the problem for them is not
whether they can enter university, but a "must attend" or "how far"
problem. As the widespread of high education in the United States, more
and more “comparatively less well behaved” students in senior middle
school are admitted to colleges and get diploma. Therefore, value of
the diploma drops accordingly, so more and more young people are
“forced” to continue their study to obtain diploma being acknowledged
more. According to an annual survey of U.S. institutions of
higher education in 1972, when asked " what highest degree do you most
want " there are 38% people think getting a bachelor's degree had been
sufficient.
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