If you have a child or grandchild about to go off to college, or have one already there, we hope you pay especially close attention to this week’s broadcast — your family’s financial well-being may be at stake. We did a little fact checking and came up with two interesting statistics. The unemployment rate for recent college grads – those under 25 — has been stuck at more than nine percent for three years running. But among older college grads, the unemployment rate has been under five percent during that whole time. So the question is this: at a time of high unemployment and relentlessly rising tuition, is a college education worth the expense? And if you decide it is, what do you need to know to get a better, safer loan?
Win Rosenfeld has been investigating.