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Letters: Increase college grads, increase prosperity
Re: “‘Good news’ for Texans -- or misleading young people?” July 11
From agricultural workers to doctors to plumbers, people of all education levels and skill sets play a crucial role in our society and economy -- and all want the best possible future for their children and our community.
With this in mind, I helped pass legislation that makes an important long-term investment in our community by extending the current student loan interest rate of 3.4 percent.
According to a recent report, two-thirds of college students graduate with student loan debt. The average student loan debt upon graduation is $25,000. So why should students take on debt to get an education?
According to the Census Bureau, the average college graduate earns approximately $780,000 more over his or her lifetime than someone whose education stopped at high school.
In other words, that $25,000 in debt will be paid back to the student more than 31 times over.
If we increased the number of college graduates in Wilson County by just 25 percent, that could add over a billion dollars in purchasing power to our local economy.
Making higher education accessible is an investment not just in individual students, but also in the overall prosperity of our community.
Isn’t the return on this investment worth it?
Rep. HENRY CUELLAR
Your Opinions and Comments
July 28, 2012 3:37pm
Publius Valerius Publicola
July 27, 2012 11:18am
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