College Students on the Economy

College Students on the Economy

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Johnathan Pham is a fifth year nursing student at the University of South Alabama.

"I originally didn't want to do it honestly," said Pham.

He says he wasn't thrilled about the nursing field at first, but believes it's a career he can live with.

"Because it's a good field job availability and demand will always be there," said Pham.

According to a new study, Johnathan is one of the record 21 million young adults, ages 18 to 31, who are still living with their parents. It's the highest that number has been in 40 years.

"21 million? That's kinda high. Pretty bad," said Michael Russell.

Russell is sophomore currently studying business, but is thinking about making a switch.

"It's a lot more opportunities in pre-med," said Russell, but he's finding it harder to land scholarships. "I applied to like a thousand and I have a 3.6 right now. I still can't get a scholarship." So in turn, he is applying for more financial aid.

For recent graduate Erica Onagbola, she's found her niche and already has a job offer.  "Pretty easy for us to sign contracts and have jobs waiting for us just because there is a big demand for pharmacists. Live with my parents to get student loans paid down and become established in that area and then move forth with my personal living conditions," she said.

Many students tell me they want to make a good living. "The scariest thing is not succeeding. You know, not getting what you pay for, put the hard work into college . Not receiving the benefits of college," said Pham. Hoping a college degree will certainly pay off.

Some good news for college students. The U.S. House of Representatives has approved a bill to roll back the increased cost of subsidized student loan interest rates from 6 point 8 back down to 3 point 4 percent.

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