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Some of the nearly 14,000 students receiving degrees are among the estimated 40,000 people filling Alumni Park at USC for the 129th annual graduation ceremony. (Mark Boster / Los Angeles Times / February 11, 2013)
But those are the rare bits of good news in the otherwise dispiriting report on students’ escalating college debt.
While concluding that diplomas are worth the money, the study by Wells Fargo economists found that the payoff may not come for years because graduates are squeezed by several factors.
Tuition costs are rising faster than incomes. Graduates are having trouble finding solid jobs. And even when they find positions in their wheelhouse, some fields of study are relatively low-paying compared with the increasing debt students take on to secure their degrees.
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