College Is Worth It
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Do College Grads Really Earn More Than High School Grads?

3/22/2017

 
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We've all heard stories about people dropping out of college to start multi-million dollar businesses. People like Mark Zuckerberg, Michael Dell and Steve Jobs who threw off the chains of higher education and got right down to making money. These stories lead some people to conclude that a college education isn't necessary. That all you really need to succeed is grit, grind and old-fashioned street smarts. That college is just a waste of money.

Read the full article here.

Why Study English?

9/30/2016

 
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The past few years have been pretty 
​rough on the English major. About 50,000 students earn bachelor’s degrees in English annually, comprising only about 3% of all college graduates nationwide. This is a sharp decline from 45 years ago, when the share of English majors was closer to 8%. To put it mildly, faculty in English departments across the country have noticed.


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Debt Concerns Continue to Impact Enrollment: 2016 Survey of Admissions Directors

9/22/2016

 
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Worry about student debt continues to negatively impact enrollment for colleges of all types, according to an annual survey recently published by Inside Higher Ed. The 2016 Survey of College and University Admissions Directors asked 339 admissions directors (or those with equivalent titles) about issues relevant to their profession: particularly, the growing impact of debt on students’ enrollment decisions.


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College Drives Homeownership (Even with Debt)

6/7/2016

 
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It’s become quite popular to blame student debt for holding back young adults’ abilities to own homes. But the debate on student debt and homeownership tends to err in focusing on the detriments of student debt, rather than the benefits that come with having a college education. 


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Questioning the Barista Myth

1/27/2016

 
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Paying for college can seem daunting considering the seemingly endless stories of college graduates burdened with incredible amounts of student debt. But are these anecdotes really representative of the norm? Economists at the Federal Reserve Bank of New York don’t think so. 


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College is Still Worth It

12/15/2015

 
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The value of a college degree is well–documented, but new research from Goldman Sachs appears to further fuel the college-value debate. The findings estimate that today’s college graduates, on average, don’t “break even” on the costs of a bachelor’s degree until age 31 – a full year longer than it took the Class of 2010. To Goldman researchers this represents a worsening trend – if sustained, in 15 years the average graduate won’t break even until age 33, and the Class of 2050 won’t recoup their costs until age 37.

But research like this, although helpful, tends to overlook a crucial question: what's the cost of not going to college?


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Graduates’ Workplace Advantage

12/10/2015

 
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It comes as little surprise that the Great Recession had a significantly negative impact on employment opportunities. The peak of the downturn’s effect on underemployment occurred in 2010, when about 10% of college graduates were considered “underemployed” (i.e. unemployed, working part-time or not seeking employment), according to a study by Georgetown University’s Center on Education and the Workforce.


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The 2015 IHE Survey of Admissions Directors

11/30/2015

 
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According to the 2015 Inside Higher Ed Survey of College and University Admissions Directors, the challenges facing college admissions leaders just keep growing, in contrast to shrinking enrollments. Roughly half (51%) of admissions directors surveyed reported being very concerned about meeting their enrollment goals for the 2015-16 academic year. What’s worse, 58% said they failed to meet their goals this year.

What explains these widespread enrollment losses?


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Bill Gates, College Dropout: Don’t Be Like Me

6/3/2015

 
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If one of the world’s most famous college dropouts isn’t skeptical about the value of college, why should anyone be? According to New York Times columnist David Leonhardt, the economy is not a zero-sum game. That is, a well-educated workforce is not one in which college graduates are forced to fight over a fixed number of good jobs; instead, sustained investments in higher education lead to richer, healthier and better functioning societies over time.
Read the full article here.

For Those Without One, College Degrees Are Seen as Important, but Too Expensive

5/15/2015

 
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A new survey of adults without a college degree found that the vast majority - 84% - believe that some form of postsecondary education is needed to get a good job. But just 60% of respondents agreed or strongly agreed that a college education was worth the cost, and 43% were satisfied with only a high school degree themselves.

When asked to estimate the cost of tuition and fees at a local community college, 51% overestimated the cost, and about 28% were unable to even make an estimate. Exaggeration of the student debt ‘crisis’ by the news media may be at least partially to blame for these findings. A Hamilton Place Strategies report demonstrated, for instance, that the average level of student debt reported in news coverage is $85,400, a gross exaggeration of the actual average student debt level of $29,400.

Whatever the cause, higher education is more commonly (and incorrectly) perceived as financially unattainable. If this trend continues to impact enrollment decisions, it threatens to impair not only non-graduates’ financial well-being, but the vitality and stability of the American economy itself.

Read the full article here. 

Why the Middle Class is Doing Even Worse Than You Think

4/7/2015

 
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We have new empirical data supporting the value of a college degree, thanks to recent research from the Federal Reserve Bank of St. Louis. Using socioeconomic definitions of well-being, which adjust for demographic factors such as race, education and occupation, researchers at the St. Louis Fed agreed on at least one conclusion: the importance of higher education in improving household status. 
Read the full article here.

How Liberal Arts Offer the Very ‘Workplace Skills’ Critics Demand

3/12/2015

 
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Are you afraid that a liberal arts education won’t prepare you for the workforce? You shouldn't be, according to The Business-Higher Education Forum, which recently released a report detailing the need for students to experience “deeper learning” that enhances critical thinking, problem solving, analytical reasoning, communications, and working in multicultural teams. Citing BHEF's report, President David Maxwell of Drake University asserted that these skills are exactly what a liberal arts education conveys.
Read the full article here. 

Why You Should Really Go To College, In 2 Charts

2/20/2015

 
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Just how much is college worth? About twice as much as it was in the 1960s, according to the latest Economic Report of the President, a report released annually by The White House. Among the topics examined was the college wage "premium," which serves as an indicator of the economic value of a college degree. This figure is calculated by finding the difference in income between college graduates and those with only high school degrees. The following chart shows the change in the college wage premia for men and women from 1963 to 2013. 


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A Troubling College Divide Between Rich and Poor

2/13/2015

 
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Over the last 45 years, the college-completion gap between the richest and poorest Americans rose from a 34-percentage point difference to a gap of 46 percentage points. Whereas 77% of the most wealthiest students graduate from college today, a majority of low-income students never attain that coveted degree. Many factors could be to blame for this troubling discrepancy, but one thing is certain--this trend is blocking the door to the middle class for millions of poor Americans. 
Read the full article here. 

The New Bachelor’s Payoff

2/11/2015

 
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A new report from Georgetown University found that current labor trends may lead to higher paying jobs for college graduates in the near future. Graduates with bachelor's degrees or higher currently have half the unemployment rate of the general population, and employment prospects for college graduates are only forecasted to continue to improve. According to Anthony P. Carnevale, Director of Georgetown's Center on Education and the Workforce, "We're headed for full employment" of bachelor's degree holders.
Read a summary of the report here. 
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