International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Volume 7 Issue 2
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The Education Paradox: Rising Costs, Growing Debt, and Limited Job Opportunities

Author(s) Ms. Harleen Kaur Chawla
Country India
Abstract Pursuing higher education, especially overseas, has become a popular goal in an increasingly competitive global environment, particularly for Indian students. Many people pursue this goal because they think it will lead to well-paying employment possibilities. But the truth presents a more nuanced picture. While some people succeed, a sizable portion experience underemployment and debilitating student loan debt. 53% of graduates and 36% of postgraduates were underemployed in 2024, indicating a discrepancy between the return on investment from education and employment outcomes. Financial stress is increasing, postponing crucial life decisions, and widening the wealth divide as the average student loan debt reaches $14,000. According to studies, 37% of young households have unpaid college loans, which has an impact on both financial security and mental health.The problem is made worse by rising educational expenditures, which are mostly caused by infrastructure, administrative costs, and teacher wages. This raises concerns about the actual worth of a degree in the modern market and points to the necessity of reconsidering conventional educational and career pathways. Alternatives that are more rewarding and sustainable might be found by investigating new industries and matching hobbies with in-demand skills
Keywords Underemployment India Unemployment Employment Underemployment Index National sample survey DFID PAW research centre Brad Hershbein Kevin M. Hollenbeck United states OECD FICO
Published In Volume 7, Issue 2, March-April 2025
Published On 2025-04-17
DOI https://doi.org/10.36948/ijfmr.2025.v07i02.41636
Short DOI https://doi.org/g9f4wv
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