Potential Impact of High Cost of College in Unemployment

Assignment 3
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College Student Loans
Explain the potential impact the high cost of college could have on the unemployment rate.
With the continuing trend, it is likely that the cost of college could increase unemployment. All higher learning institutions are enticing students to take up their courses and offering tempting and misleading terms to students. This is likely to increase the number of students enrolling and flood the marketability of their courses in the job market. The financing of higher education in its current form is ever-increasing students’ loans and each institution is offering competitive terms to have more students. The system is oblivious of the student’s abilities and rather than the students settling for the most befitting courses for them, they end up taking ‘any’ course with lower employment prospects causing structural unemployment. T...