Unfortunately these graduates, along with graduates of other Heartland institutions, will join millions of other new college graduates spilling into the economy. Job prospects for many are dim, and the amount of student debt many new graduates have accumulated is staggering. Student loan debt has now surpassed credit card debt in this nation and is approaching 1 trillion dollars. Statistics show that nearly half of all new graduates are either unemployed or underemployed. It's scary to think of the implications for our economy with so many college grads with this kind of debt. If they can't get a job, they can't repay their loans…and if they can't repay their loans, they won't be putting any money into the economy. It's a vicious cycle.
P.O. Box 100
Cape Girardeau, MO 63702