Not only in the United States is the cost of education increasing, but all over the world it is going on as well. In the United Kingdom, the amount of money that students have to borrow to go to college is increasing every year. It has increased so much that the average student debt was 3,100 pounds in 1994 and it skyrocketed to 14,700 pounds in 2004.

A study that was conducted in 2007 by Push.co.uk said that a student that finished college in 2008 would have an average debt of 21,500 pounds. Then female graduates are having a harder time paying off their debts there as well; it takes an average of 11 years to pay off for males but 16 years for females.

People everywhere are questioning whether or not it is worth the cost to go to college anymore. In the study in the United Kingdom, as many as 82% of the people who were questioned for the 2007/2008 year think that an education is worth the cost, however the figure was once 86%; showing that people are losing faith in higher education at a very slow rate.

Another issue that many students are facing as they are going into college is the issue that many families aren’t able to afford the higher education. I can speak from experience with this; my parents never saved any money for me to go to college. I had to pay for the whole thing. I worked and took out loans to help pay for school. Sometimes when students are faced with these decisions, they choose one or the other.

The debt that a student faces gets even worse when it comes time to pay back the loans that they took out throughout their time in college and they can’t find a job. This is a particularly current issue because of the high unemployment rate. In the United States the unemployment rate for those between the ages of 18 and 24 is higher than any other age group and it continues to grow with the overall unemployment rate. When someone is not able to find any work, especially work that will pay off the mountain of debt that a student accumulates, then it does become quite a daunting task to be able to pay the student loan bill every month.

If anyone were to ask me if I would or would not go through college all over again, I think I would. I enjoyed some of the time I spent there, and someday I know that going will eventually pay off. Right now, like many graduates, I am just a bit discouraged by the level of unemployment and my lack of job prospects at all. Perhaps something along the lines of graduate school is in my future somewhere. I’m not sure about that right now, especially with the mountain of debt I actually graduated with.

According to Trim Tabs Investment Research firm, the United States shed another 284,000 jobs for the month of October.

The results came out today from the research firm. While it is less than the 358,000 jobs that were lost in September, it still makes the total number of jobs lost 5.9 million in the last 12 months. Not only are the jobs being lost, but people are also having a hard time making the amount of money they once were.

The research firm made another note in its research that salaries are still falling. The level of salaries from September 2008 to September 2009 dropped 5.3% and from October 2008 to October 2009 4.6%.

The firm obtains its information from analysis of daily income tax deposits to the Treasury from the amount of salaried United States employees.

The unemployment figures for the month of October should be coming out in the next week or so. The official report will tell us just how bad we did for the month. I don’t think that October will be as bad as September was, however, there is an issue regarding how many jobs were created versus jobs lost. Also, like I always say when I write a post about unemployment, the only people who are counted in unemployment figures are those who are actively seeking work.

There are a lot of people out there who have given up on the job hunt for right now. I would like to see a report on those people, honestly. I believe that a report like that would give people a real idea as to how many people do not have a job right now. It should be broken up into categories such as “stopped looking” or “not interested” just so everyone can tell the categories apart. If everyone was lopped into a “don’t have a job and not looking” category, that would include everyone from exasperated ex-business executives to new moms (or dads) who want to stay at home and take care of the baby.