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According to the Bureau of Labor Statistics, 284,000 American workers toiled for minimum wage last year, despite having a bachelor's degree. CNBC points out that this number, while significantly lower than the 327,000 overeducated minimum wage earners in 2010, is up a whopping 70 percent from 2002. To some extent, it's because today's college grads need to have more skills than previous generations, in order to impress employers.
Community college used to be where students went to start their academic career, often for less money than they'd pay to attend a four-year school. If you wanted vocational training, or a degree that would transfer to another, longer program, community college was the place to start. But in California, at least, community colleges might soon offer four-year programs -- in high-demand concentrations.
Want a job that will let you work from home, at least part of the time? Better get a college degree. Data from the U.S. Bureau of Labor Statistics indicates that workers with a four-year degree are much more likely to be allowed to telecommute.
Arts and humanities majors might never make as much as engineering and math students, but they're far from poverty-stricken, says a recent study. In fact, the report shows that liberal arts grads eventually make up the salary gap between their trajectory and that of other professionals.
A college degree allows workers in many fields to command more money -- provided they're able to get a job. In an economy where that's still far from a sure thing, how can universities justify charging ever-higher amounts for tuition and fees? In part, it's because they have to.
Year Up is an organization dedicated to closing gap between open opportunities at tech companies and urban young adults who have the desire, but not the skills and experience, to fill those roles.
For every fine arts major who goes into his chosen field of study with his head held high, there's another who cringes as he registers for classes, following his heart but fearing a future of unemployment. Well, fear not, our artistic friends: your employment opportunities might be better than you'd expect.
In-state tuition at four-year public colleges and universities increased by only 2.9 percent for this year, on average, according to the College Board. That's the smallest increase since 1975, and a departure from the recent trend of skyrocketing tuition fees.
Adrian College offers a perk for prospective students concerned about low-paying jobs and high loans after graduation: starting next year, the Michigan school will reimburse graduates for their student loans, if they make less than $20,000 a year.
There are almost as many ways to choose a college as there are colleges to choose from. Sometimes, students know which major they want to study; other times, they're focused on how much money they'll make after graduation. If you want to look at schools based on their type -- e.g. party schools, Ivy League universities, liberal arts colleges, research schools -- we've got all the information you need.
The bad news is that psychology majors are on PayScale's top ten list of underemployed college graduates. The good news is that if you qualify for membership in Psi Chi you may avoid counseling customers while you brew their grande lattes.
For some of us, when it comes to picking a school, it's all about location, location, location. Maybe we love skiing, and need to live near the mountains; maybe we can't tolerate the cold, and need a milder climate to stimulate our brain powers.
Here's an idea for our next iteration of the College Salary Report: schools with the most disgruntled students. After reading this post on Jezebel, we'd definitely have to include Osgoode Hall Law School in Toronto. One of their students wrote one of the more bananas emails we've ever seen and sent it to his classmates:
The decision of whether to go to a party school or a sober school probably has a lot more to do with the student's recreational interests and general lifestyle than it does with earning potential. But since neither beer nor milk buys itself, we thought we'd take a look at both types of institution on an earning-potential basis.
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