People with an Associate’s degree may earn less in their lifetime, but they might just be earning more right now. New data shows that an Associate’s degree may impart the ‘middle skills’ which are the ticket to the middle class. “Nearly 30% of Americans with associate’s degrees now make more than those with bachelor’s degrees, according to Georgetown University’s Center on Education and the Workforce,” reports Jon Marcus for CNN Money. “In fact, other recent research in several states shows that, on average, community college graduates right out of school make more than graduates of four-year universities.” Continue reading
As recently reported by USA Today, one third of millennials have earned four-year degrees. In my previous blog entry I discussed the financial perils facing these students, who often graduate unable to find a job in their major (unemployed or underemployed) and saddled heavily with debt.
However, it looks like the job market for those with Bachelor’s degrees is creeping upward somewhat, according to a new report issued by Michigan State University. Continue reading
One of the major pitfalls in education policy is viewing education as intrinsically valuable in and of itself. This is like saying that a dollar is valuable for being a dollar, rather than what can be bought with said cash. A recent article by Mary Beth Marklein, with USA Today, notes that one third of millennials have earned a four-year degree. This is “up from 28% in 2001 and 2006 and 17% in 1971,” according to U.S. Census data, she reports. Continue reading
Student loans from the federal government cannot be discharged in bankruptcy and have severe consequences upon default. For example, upon default the federal government can garnish your wages and your credit will plummet as your loan account is assigned to a collection agency. With these consequences in mind, the Obama Administration has just recently finished its rules for the Pay As You Earn (PAYE) program. Continue reading
The case of Fisher v. University of Texas at Austin will come before the U.S. Supreme Court on Wednesday, October 10th. The outcome of this case could determine the future of racial preferences both at the University of Texas at Austin and in higher education nationwide. Continue reading