ScenarioMuch like the decision to start a business, the decision to attend college is fraught with risk; however, the risk of entering the job market with only ahigh school diploma is just as great. As the U.S. transformed from a manufacturing-based economy to an economy based on knowledge, highschool graduates are often unable to obtain the number of high-paying jobs that were once available. College graduates earn more-somesuggest as a much as 60% more over a lifetime-than those without a college degree, and have a lower divorce rate, lower blood pressure andstress levels, and higher rates of job stability and satisfaction.However, a college education may not be the right choice for some. There may be a glut of college-educated workers in our workforce, and manycareers, including those in cosmetology, do not require a college degree. The U.S. Department of Labor projects jobs for hairdressers, hairstylists,cosmetologists, and skin care specialists to grow 9-17% through the year 2014. In 1970, fewer than 1% of taxi drivers and 2% of firefighters hadcollege degrees, but today more than 15% of workers in both jobs do. As the costs of a college education skyrockets, student loan debt closelyfollows. Since 2003, the student loan debt held by Americans has quadrupled, growing from $241 billion to $1.03 trillion, rising 14% per year.The decision to attend college is risky. It might pay off handsomely, or it could sink a student's future.Some suggest that college graduates eammore than high school graduates over the course of a lifetime.A. 100%OB. 40%OC. 80%OD. 60%E. 20% Scenario.Much like the decision to start a business, the decision to attend college is fraught with risk; however, the risk of entering the job market with only ahigh school diploma is just as great. As the U.S. transformed from a manufacturing-based economy to an economy based on knowledge, highschool graduates are often unable to obtain the number of high-paying jobs that were once available. College graduates earn more-somesuggest as a much as 60% more over a lifetime than those without a college degree, and have a lower divorce rate, lower blood pressure andstress levels, and higher rates of job stability and satisfaction.However, a college education may not be the right choice for some. There may be a glut of college-educated workers in our workforce, and manycareers, including those in cosmetology, do not require a college degree. The U.S. Department of Labor projects jobs for hairdressers, hairstylists,cosmetologists, and skin care specialists to grow 9-17% through the year 2014. In 1970, fewer than 1% of taxi drivers and 2% of firefighters hadcollege degrees, but today more than 15% of workers in both jobs do. As the costs of a college education skyrockets, student loan debt closelyfollows. Since 2003, the student loan debt held by Americans has quadrupled, growing from $241 billion to $1.03 trillion, rising 14% per year.The decision to attend college is risky. It might pay off handsomely, or it could sink a student's future.amThe decision to attend college is risky.TrueFalseO

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