What is the Return on Investment (ROI) of higher education, funded with student loans, if a graduate can’t find a job?
a) 8 – 10% per year (just like the stock market)
d) Question cannot be answered with the information provided
I think you get the point…
The job market looked bleak for the Class of ’08,’09, and 2010. The Bureau of Labor Statistics shows jobs were lost for 25 consecutive months during those years. New college grads had nowhere to go, and three years later, there’s been no improvement.
Except for those with healthcare-related degrees. Look at this chart…
As you can see, there’s not one month of job contraction in the health care field.
As college students weigh the cost of student loans and tuition, they should ask themselves the most important question: What pays?
And finding an answer to that question may be just that little easier when they can see where Boomers will spend their money as they age. Harry’s new resource, Spending Waves: The Scientific Key to Predicting Market Behavior for the Next 20 Years, shows exactly that.
So, if you or your children, or your nieces, nephews, and grandchildren face the life-determining question of what to study at college, get them this resource. It won’t make college loans cheaper, but it will show which fields are headed for big profits based on our demographics. And that’s just as good as cheap financing.