Andrew Biggs: College Grads Need Jobs, Not a Lower Loan Rate – WSJ.com

Roughly two-thirds of lifetime wage growth occurs in the first decade of employment, when individuals build their skills and match them to the right jobs. Graduating into a down economy puts that process off track. As Ms. Kahn writes, “workers who graduate from college in bad economies are unable to fully shift into better jobs, at least over the first 15 years of their careers.”

via Andrew Biggs: College Grads Need Jobs, Not a Lower Loan Rate – WSJ.com.

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