Saturday, October 28, 2006

Quote of the Week

“In 1956 the majority of enrolled college students were men. A student then could work an average of 19 hours a week at minimum wage and earn sufficient money to pay a public four-year college in full. In 2003, a student had to work 50 hours a week at minimum wage to pay for a public four-year college in full.”

- Joe McCormick, Former Executive Director,
Higher Education Assistance Authority


Dusty Penguin said...

And private college at $20,000 a year is criminal, but necessary if your kids choose a Christian university. Well, some may be a little less, but that's pretty mucb the damages, and if the parents can't help, the kids graduates with unbelievable debt.

Hannatu said...

Yeah and who can work 50 hours a week and do any studying!!!?? We'll be facing this next year. :(

Glad you saw Chris and Helene. They were planning on going home for medical tests, but didn't plan on going that soon. Helene's gall bladder made the decision for them!
Well, actually, it was God, but you know what I mean!

Palmer said...

I agree it's pretty scary. But college still is a good investment, personally and financially . . . reported last week on a government study that found that people who hold a bachelor's degree earn, on average, $23,000 a year more than those who have only a high school diploma. CNN's article stated, "College graduates made an average of $51,554 in 2004, the most recent figures available, compared with $28,645 for adults with a high school diploma. High school dropouts earned an average of $19,169 and those with advanced college degrees made an average of $78,093."

We had a very nice time with Chris and Helene on Wednesday, Nancy. Life is crazy for them but they're coping as well as anyone could. God's providence is a mysterious thing.