Forbes magazine published an article last week stating that student loan debt has ballooned up to $1.3 Trillion dollars. Of this, $31 Billion is “seriously delinquent”. Also, Pennsylvania has the second highest average student debt amount ($34,798.00).
Supply and Demand Fact:
- According to a Bloomberg Businessweek Report – The American Welding Society estimates a 290,000 job deficit for welding professionals in 3 years.
- $15,600.00 Tuition cost for a two year curriculum to become a welder
- $71,600.00 Tuition cost for a four year Bachelor’s degree in Philosophy
“We need more welders and less philosophers.” – Marco Rubio during 2015 Republican Debate