Patch's Poll: How Much College Debt Do You Have?

College tuition continues to rise ever year, and more and more students are forced to take on mounting loans to pay for it.

Connecticut College in New London when the private, liberal arts school came out as having the most expensive tuition in the nation — $43,990 a year. The figure is based on U.S. Department of Education’s college cost statistics that were released this week.

The college released an open letter in response to the news, noting that the cost was based on 2-year-old data and that Connecticut College is still committed to providing need-based financial aid to the students who need it.

Regardless, the question that always seems to arise in the media — — is whether a four-year college degree is even worth it given the rising costs of tuition and struggling job market. (According to the Associated Press, half recent of college grads are unemployed or underemployed).

But, let’s change the conversation a bit. What about the students who made it through college and got their four-year degrees, but not until after assuming a mountain of debt from loans they had to take out? Many recent college graduates, and some who are many years out, are still paying off those high-end tuition bills month-after-month, and year-after-year.

So, we ask: how much debt do you still have? Take our poll and share your thoughts in the comments.

Marcie June 15, 2012 at 02:46 PM
None! Whoot! I went to a state school because it was more affordable and my parents were able to foot the bill. I am eternally grateful for it.
Justina Cohen June 16, 2012 at 03:51 AM
After just one year of a community college with a student loan I walked away with $4,000 debt that keeps growing higher and higher every month because I am currently on Unemployement and cannot physically work at the moment and to provide for even just myself that money doesnt even cover it... So the debt just keeps on collecting :-(
Phil G June 16, 2012 at 11:42 AM
What could be laughable if it wasn't so sad is that fact that these youngsters could have gotten technical degrees or training in much needed professions and trades. Rather than going to get a bachelor's degree in political science, and then a masters, incurring 100s of thousands of dollars in debt, they could have gone to school to get a trade, such as a plumber, electrician, etc. The time and cost to do so compared to the income as a journeyman after a short period blows away getting that unusable degree in corporate communications and years of debt servicing. We have become a society where the only jobs worth doing are those requiring an advanced degree. But try to find a plumber or a decent mechanic for your BMW! [And kids, just remember that in the past parents use to pay for college. Somewhere along the way, college now is getting paid for by you with debt you have ot pay. That just doesn't seem right.]
Phil G June 16, 2012 at 11:45 AM
That's a lot of baloney! Depending on the viability of the subject, a bachelor's degree or even a lower degree or technical training can be, and usually is, more than enough to get a job, a good job, without mortgaging the farm. Your type of mentality is why colleges feel free to charge up to the sky.
Phil G June 16, 2012 at 11:53 AM
Hooey: A degree is not now, nor has it ever been, a prerequisite for anything. I don't have to recite the number of recent examples of youth that became very successful after dumping college study. And there are a whole lot of successful tradespeople, making a lot better money, that would also witness a college degree as being a necessity. My plumber is always working, as was his father, as is his son, has a big home, pool, takes nice vacations, etc., things most people can't think of because they're trying to figure out how to pay their mortgage, their student loans and how to pay for their kids college education! If kids out there want to make some money and achieve a decent standard of living right out of the chocks and for a lifetime, don't discount the trades or a technical degree and forget about the bachelor's and master's degrees.


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