As the US economy struggles to recover from an economic recession, today's college graduates face a grim job market and are opting to stay in school for higher degrees. In Hillsborough County alone, the unemployment rate has hit a record high of 13.1 percent. College students are at a crossroad when it comes to deciding whether to struggle with finding a decent job in today's economy or stay in school while racking up student loans to obtain a higher degree in hopes of gaining that dream career.
"I returned back to school back to obtain a Master's Degree in Public Health with the intent of earning better pay," said Donyelle Russ, a student at Florida International University.
According to www.mybudget360.com, California, Florida, Texas, and New York student loan debt has increased dramatically. Although the current economic recession <http://www.mybudget360.com/the-main-street-economic-effect-10-reasons-why-this-recession-will-feel-like-a-minor-depression/> has much to do with it, the fact that those with college degrees are losing jobs in large numbers as well has contributed greatly. Many are no longer able to service their own debt and going into default on their loans. As we have mentioned, a college degree does not protect your job nor does it assure you in getting one.
"I'm afraid that I will not be able to find a job in my field upon graduating in the Spring 2010, so I will be attending graduate school to better my chances of getting a field-related job,"said Ashley Jones, a senior at University of South Florida.
According to The Washington Post, labor economists say the unemployment rate for workers with a bachelor's degree or higher is poised to hit a record high. This recession is so far-reaching, they contend, few are immune from the consequences.
"I returned to school to position myself ahead of the competition for when the economy turns around," said Nicole King, a Strayer University Ph.D student. "I also used the opportunity to reinvent myself and study which industries survived a down economy so I knew what areas to study for in school should the recession repeat itself I now know what career profession survived."
As job seekers continue to seek employment, they find that due to the declining economy, returning back to school is a great opportunity.
There are programs that are available for the unemployed who are seeking to obtain higher degrees. Those who are interested can obtain information at www.USA.gov <http://www.usa.gov/> .
The employed are taking the advantage of obtaining higher degrees until this recession period has improved for job availability.
Tuesday, May 4, 2010
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