Jim Cole, AP
Student loans may become harder to pay off for college dropouts, who now earn 37 percent less than those who graduate, according to an article in the Wall Street Journal.
In 2005 there were 1.8 million borrowers of student loans. Of those, 58 percent have not yet graduated, and 59 percent have already defaulted or are delinquent on their loans.
It's not that those who graduate are promised wonderful prospects. Some 1.9 million college graduates were unemployed in October, according to the Department of Labor. That's about half of young graduates.
But college graduates have a lower unemployment rate of 4.1 percent compared to those who drop out, which is 9.8 percent.
"Students who don't graduate with some sort of credential or degree, they are the ones who are having the most problems repaying," Alisa Cunningham, one of the study's authors, told the Wall Street Journal. "It doesn't even have to be a really high amount of loans. It's just that they get in trouble because they have their daily lives they have to pay for."
- The wrath of Comic-Con: S.L. convention...
- Lawsuit accuses state of illegally pursuing...
- Consumer index climbs to record level in Utah
- Dave Ramsey says: Don't touch that 529 plan
- BYU grad strikes gold teaching via online...
- 9 startup companies perfect for your family
- Balancing act: First 'real' job teaches...
- Chinatown Supermarket opens in South Salt Lake
- Fast food workers vow civil disobedience 18
- Dave Ramsey says: Don't leave an estate... 13
- San Diego Comic-Con tells Salt Lake... 12
- BYU grad strikes gold teaching via... 12
- Sarah Palin launches online... 10
- Dave Ramsey says: Don't touch that 529... 8
- The wrath of Comic-Con: S.L. convention... 8
- Utah Transit Authority eyeing electric... 4