On The Coming Burst Of The College Bubble - 1321 Words

Many view this ideal image of many young college students capped and gowned, their hands clutching diplomas, their ears tuned into some wise person telling them â€Å"you are the future.† For many, deep in debt with few prospects that future looks pretty bleak. It’s enough to make some believe the siren song of Megan Mcardle. McArdles elucidates why the biggest problem in college is the price. â€Å"The rapid run-up in prices, at rates much higher than inflation;† The false connotations that a diploma are all college students needed to succeed, ending up with jobs that don’t require a degree and Summary and Response of Meagan McArdle In her Newsweek article â€Å"On the Coming Burst of the College Bubble† Megan McArdle, a Washington, D.C. journalist focuses on the concerns of the crippling financial struggles that college students continue to face. In this intricate article McArdle captures the essence of this crisis. Critical in her reading is reco gnizing that for some, the school system works, yielding decent jobs and an effective rate of return on investment; for the vast majority, however, too many college graduates are suffocating under a mountain of accumulated debt, with very limited opportunities for employment and no acquired skill. Why then do the vast numbers attend college? Many people believe that one must get a college education in order to gain the benefits that were assumed would go along with it: â€Å"an education that would last a lifetime, a better job, andShow MoreRelatedThe Worst Recession Of The United States1420 Words   |  6 Pagesworld. However, this insane growth was actually poising the U.S. for an extreme downfall in the coming years of the early 21st century. The major downfall would come to be known as the worst recession in our history since the infamous Great Depression. 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