Is college worth it?
POSTED: Tuesday, September 1, 2009 - 6:20pm
UPDATED: Thursday, April 8, 2010 - 3:45am
KILGORE-For years the belief in this country was a college education was the gateway to a better life. But with college tuition being so expensive these days, many wonder whether or not its worth it.
Each year students borrow tens of thousands of dollars to attend expensive public or private universities. But now many graduates are discovering that the college payoff could be a long time coming, if it comes at all. And while they're waiting, many are treading water in a sea of debt. Some as much as $120,000.
But as the worst recession since World War II trudges on many new and prospective students are having to ditch their "dream" college in favor of a more affordable one.
So to avoid long-term debt, many are starting their higher education in community colleges. For Kilgore College, officials tell us it works out well for them.
"We've had a big increase this year," Chris Craddock with Kilgore College told us.
Recent figures show that other community colleges across the state have seen their enrollment go up 30 percent.
"It literally saves thousands upon thousands of dollars," Craddock said.
College financial aid specialists say students should take a hard look at average salaries in their chosen profession before taking out student loans.