Wednesday, May 18, 2011

College graduates get less bang for buck

The Chicago Tribune reports:
College students who graduated in 2009 and 2010 earned 10 percent less than those who entered the job market before the financial crisis, according to a report released Wednesday.

Those graduating before the recession earned a median salary of $30,000, while those graduating after earned a median salary of $27,000, according to the report released by the John J. Heldrich Center for Workforce Development at Rutgers University.
There's more:
The report was based on a survey of 571 people who graduated between 2006 and 2010. It also found that half of recent college graduates are working part-time or in jobs that don't require a college degree.
Yet, college tuition keeps going up and up.