Education

GRADUATION RATES

• Approximately one million people per year enroll full time in a 4 year college or university.
• According to the U.S. Department of Education, graduation rates of Bachelor degree seeking students at America’s 1400 colleges and university’s are 40% in 4 years, 50% in 5 years and only 60% in 6 years. (The Education Trust and Education Advocacy Group calls college graduation rates a “huge national problem.”)

AVERAGE TUITION FOR A BACHELOR’S DEGREE

• The average tuition required for a 4 year degree at private colleges/university’s is $78,840. ($19,710/yr.) SOURCE: The College Board
• However the average length of time a graduate takes to earn a 4-year degree is 5 years making tuition costs $98,550. If room and board is factored in, the total cost rises to $134,270. SOURCE: The College Board
• Average tuition, room and board at Public (tax supported) universities is $53,180 for a Bachelor’s Degree. (Source: The College Board for years 2003-2004)

AVERAGE SALARIES

• Average starting salaries for college graduates with Bachelors degrees for the 3 most popular jobs; sales, entry level management and teaching was $33,031. (According to the NACE (National Association of Colleges and Employers))
• Liberal Arts and Social Science graduates received starting salaries at $28,929 (for graduates with degrees in Political Science, Sociology, Psychology and English) SOURCE: NACE
• Approximately one million people per year enroll full time in a 4 year college or university.
• According to the U.S. Department of Education, graduation rates of Bachelor degree seeking students at America’s 1400 colleges and university’s are 40% in 4 years, 50% in 5 years and only 60% in 6 years. (The Education Trust and Education Advocacy Group calls college graduation rates a “huge national problem.”)
• The average tuition required for a 4 year degree at private colleges/university’s is $78,840. ($19,710/yr.) SOURCE: The College Board
• However the average length of time a graduate takes to earn a 4-year degree is 5 years making tuition costs $98,550. If room and board is factored in, the total cost rises to $134,270. SOURCE: The College Board
• Average tuition, room and board at Public (tax supported) universities is $53,180 for a Bachelor’s Degree. (Source: The College Board for years 2003-2004)
• Average starting salaries for college graduates with Bachelors degrees for the 3 most popular jobs; sales, entry level management and teaching was $33,031. (According to the NACE (National Association of Colleges and Employers))
• Liberal Arts and Social Science graduates received starting salaries at $28,929 (for graduates with degrees in Political Science, Sociology, Psychology and English) SOURCE: NACE
• Recent college graduates owe 85% more than their counterparts did 10 years ago. (Center for Economic and Policy Research)
• Credit card debt for Americans 18-24 has more than doubled from 1992 to 2001.
• Although it is still true that a college bachelor’s degree will be worth twice as much in earning power than a high school diploma over a lifetime, college diploma’s have been becoming worth less than ever. So many people go to college now, a 53% increase since 1970, but the value of a degree has been commoditized. The advantage and wages for college degree holders hasn’t risen significantly since the late 1990’s. (Source: Bureau of Labor Statistics)
• More and more people are going into debt for their post-secondary education. 52% of college graduates owe money when they finish school. 66% owe over $10,000. 23% over $30,000, 5% owe over $100,000. (Time Magazine Poll: 2004)
• The most desirable attribute of a young job seeker is job security: 71%. Second, health benefits 63%, interesting work is third at 60%, good salary is fourth at 56%. Time Magazine Poll 2004
• “You need a college degree to just be what blue collar people the same age were 20-30 years ago, if you don’t have it you’re way behind.” James Cote, Sociologist, University of Western Ontario
• Annual earning among men 25-34 with full time jobs dropped 17% from 1971 to 2002. (Source: National Center for Educational Statistics)
• Only half of Americans in their mid-twenties earn enough to support a family.
• Only half of people 18-29 consider themselves to be financially independent. (Time Magazine Poll: 2004)
• For male workers ages 25-29 with only a high school diploma the average wage declined 11% from 1975 to 2002. (Sheldon Danziger, Professor at University of Michigan)
• In January 2005 515,000 people stopped looking for work because they were so discouraged over prospects.
• In January 2005 the unemployment rate was officially listed at 5.2% with more than 7.7 million Americans who want jobs are still unemployed.
• The median number of weeks of the unemployed or out of work was 9.4 weeks in January 2005, up from 5.8 weeks in December of 1999.
• In December of 2000, there were 5.6 million people out of work. In January 200, the number is 7.7 million.
• In December of 2000, the average number of people unemployed for more than 27 weeks over six months was 642,000. In January 2005 it was 1.6 million.

Keep informed, GET BLOGGLED.

Tags: bloggled's facts

This entry was posted on Tuesday, December 9th, 2008 at 7:47 am and is filed under bloggled facts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.