Kearney comments on education effect at Fed conference
Student debt is a problem, yet benefits of a college degree are clear
A Reuters article by Howard Schneider and Meredith Mazzilli reports on a Federal Reserve conference where the importance of higher education as a secure path to middle class was examined in detail. Some hold that the "downside risk" of paying too much money for a college degree of low market value may grow to overshadow the current benefits of having a college education. Student loan debt is the major challenge.
While the prospects for college graduates are varied, Faculty Associate Melissa Kearney noted that the best way to address the lagging employment of adult men is to “increase the number of college graduates. The fact of the matter is that college graduates work at higher rates.”