sallie-mae

With so much trouble in the fiduciary, it’s kind of hard to notice that in the middle of the summer your student loans are about to see a hike when it comes to interest rates. Yet today, that’s what occurred when Congress failed to come up with a stop gap option to keep them from rising, resulting in students having to pay a 6.8% increase, costing borrowers an additional $2,600 over the next 10 years (or a mean of $21 a month) according to Fortune. Some argue that there’s some conspriacy to raise the rates in order to pay for Obamacare and others simply wonder why is it so much to get an education to get a decent enough job to pay for my educational debt. The hike applies to loans issued after July 1, 2013 and a vast majority of students sign their loan offers in the fall.

The rise in the interest rates is also a cause for concern for those wondering what they should even study in college. Governments across the globe are tailoring college education to the current job market and citing the New Deal as a signature moment of origin. How that translates to the current job market which is in a state of flux and America attempting to play catch up with other countries such as Japan in terms of education and growth remains to be seen.

All students wonder is simply this – what am I getting out of my education and how is it going to set me up for the future. And is it even worth it?