From an early age, most children are taught about the importance of a college degree. (The benefits of which have been covered in a previous feature.) Since the job market has become even more competitive in recent years, a Bachelor’s Degree seems almost a necessity for those entering the working world. One major hurdle, though, is college tuition.
However, a degree from a four-year school isn’t cheap, and college tuition fees at countless universities and institutes of higher learning across the country are further on the rise, creating a problem for upcoming high school graduates and their parents.
Joseph Marbach, PhD., president of Georgian Court University, visited the set of One-on-One with Steve Adubato to talk about why he feels the leadership of higher education institutions should evaluate the affordability of their colleges and universities.
“It’s a very nuanced problem,” says Marbach, when asked about student debt by Steve Adubato, PhD. He went on to explain that a large portion of debt is incurred by graduate students who are moving on toward professional careers.
“There’s another segment of students – your typical undergraduate – who has incurred a lot of debt, often at the for-profit schools,” he adds. “And the other large problem you find are students who don’t graduate. If a student doesn’t get their Bachelor’s Degree and they still incur debt, they just don’t have the earning power to pay that debt off down the line.”
To hear more from Marbach about his university and what he encourages other New Jersey colleges to do to attract more students, check out this segment of One-on-One with Steve Adubato.
For more stories that impact New Jersey residents, click over to our Hot Topics in NJ series.