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Section A: General News


Letters: Increase college grads, increase prosperity




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July 25, 2012 | 1,319 views | 2 comments

Editor:

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

Laredo
 

Your Opinions and Comments

 
Russell Dickerson  
Floresville, TX  
July 28, 2012 3:37pm
 
Perhaps you should spend a little time investigating why the cost of college is rising at double anything else? I can tell you why.. as a fish grows to the size of its aquarium, so a school will increase tuition to consume all ... More ›

 
Publius Valerius Publicola  
Rome, Tx.  
July 27, 2012 11:18am
 
Hank no one is knocking a college education. Those who are really interested and qualified for higher education should be able to get it. The fact is some high school graduates should not go to college just to make the statistics ... More ›

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Section A: General News Archives


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