Trends in obtaining a higher education have been on the rise the past 20 years. There has been a current trend of increasing tuition costs around the country. Due to the increase in costs, many students have had to take out student loans. But the economic situation in which we find ourselves today, many are defaulting on student loans. Is an education really worth what students are paying?
The education level needed has also been on the rise. It used to be that a high school diploma would get you a descent job, then it was an Associates degree, then a Bachelors degree. Now if you want a descent job, you need a Master's degree.
With the value of degrees decreasing and the cost to obtain the degrees increasing, is the marginal benefit of a degree worth the marginal costs?