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Right now we have a record number of Phd recipients on food stamps and other forms of welfare.
From 2007 to 2010, the number of PhD recipients receiving entitlements has tripled to 33,655 and the number of master’s degree holders on food stamps and other forms of welfare nearly tripled during that same time period to 293,029, according to an Urban Institute study cited by the Chronicle of Higher Education.
This is shocking and I imagine its not what comes to mind when most people think of welfare recipients.
This study proves that having multiple degrees doesn't guarantee financial success, especially when you consider the high cost of college and a move by Republicans Tuesday to block a Democratic bill to preserve low interest rates for millions of college students' loans. The Democratic bill would keep interest rates for subsidized Stafford loans at 3.4% for an additional year, rater than doubling automatically for new loans starting July 1.
Are advanced degrees all what they are cracked up to be when some of the grads are making less than say a manager at Burger King?
Thoughts?
(By James Causey of the Journal Sentinel May 9, 2012) |
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