Student Fears in Jobless America

Barack Obama, the US president, sounded a positive note on Friday following the reports of a rise in regional employment opportunities when he spoke to workers at a company in the state of North Carolina.

The president said the US economy still had a long way to go until it fully recovers, and that many people were still suffering the effects of the recession.

Among those facing grim employment prospects are university students. With graduation time approaching, those leaving school are entering a bleak labour market.

Al Jazeera‘s Rob Reynolds visits a group of students to hear their concerns about the future.

 

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United States Students Drown in a Sea of Debt

American university students are beginning the new year with a mountain of debt. There is now $850bn owed in outstanding tuition costs and paying back the money is an ongoing challenge.

Two in every three American students graduate with loans outstanding, and the current debt is 11 times the total it was just two decades ago.

The average yearly cost of a bachelor’s degree in the US is between $5 000 and $43 000, compared to just over $5 000 in Canada and $1 300 in much of the European Union.

Experts say a college degree is an important investment, but in a difficult job market it is an investment that could take a lifetime to pay off.

Al Jazeera‘s Tom Ackerman reports.

 

For more about this subject watch this compelling documentary called College  Conspiracy.