New poll highlights economic woes of college students
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Wednesday, October 7, 2009
Students Worry about Debt Relief as Parents Struggle
According to a new poll conducted by the AP and mtvU, college students today are more worried than ever before about debt relief. Although summer is reputed to be a time of partying for college students, most are too stressed out the economy to even think about enjoying the summer.
For example, according to the poll, Josh Donahue, an economics major from Oregon State University, is on food stamps. He is the first to graduate from college in his family, but he's still living with relatives to get by. He said, "A degree in economics doesn't really prepare you to understand the economy very well."
Watching their parent lose jobs
Although a college degree is a huge accomplishment for anyone, the nation's economy is tarnishing the expected success of young people fresh out of college. The nation has lost more than 5.7 million jobs since 2007 and families are feeling the uncertainty of financial collapse. In the AP/mtvU study, almost 20% of those polled had seen at least one parent lose his or her job.
Turning the economic tables
It's normal for parents to worry about their children getting the right job. But the economic slowdown has forced the tables to turn, and children are now worrying their parents' finances as well as their own. One student, Jake Lear of George Mason University, stated, "I'm pretty much independent [financially]…where [my parents] would normally help me out with cash here and there they don't so much anymore, just because money's so tight." … click here to read the rest of the article titled “Students Worry about Debt Relief as Parents Struggle“
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