Posts Tagged ‘College News Roundup’

The Value of Today’s College Degree

According to a recent article in The Chronicle of Higher Education, a survey conducted by Widmeyer Communication indicates that Americans are split on the current value of a college degree.

The question was, “Is a college degree as valuable as it was twenty years ago?” This would put us at 1992. Of those surveyed, 46% said a college degree is just as valuable, while 41% stated that it wasn’t. While those may seem like surprising numbers, 60% of those surveyed indicated that regardless of whether or not a college degree is as valuable as it used to be, it’s still a good investment.

Why might some view a college degree as being less valuable today than in 1992? There could be a variety of answers for this.

As of 2012, more than 30% of U.S. adults have a bachelor’s degree, which is a record in American history. As the New York Times article “U.S. Bachelor Degree Rate Passes Milestones” points out, this increase began in the mid 1990’s. So more people have a college degree now than in 1992. Does more people having a college education make it less valuable? Maybe.

On the one hand, recent college graduates looking for a job may feel like their degree isn’t anything that’s going to put them ahead of the game. With the competition all having a bachelor’s degree as well, it’s the work experience, internships, and other “add-ons” to the degree that will land you a position. In addition, as college graduates struggle to find jobs and pay off loans, many will find themselves working retail, food service, and other jobs they could have obtained without having gone to college. Based on a 2010 article entitled “The Great College Degree Scam” published in The Chronicle of Higher Education, as of 2008, out of the nearly 50 million college educated adults, 17 million were working in jobs that didn’t require a college degree.

On the other hand, if getting a college degree is the bare minimum requirement for so many jobs, getting a degree is all the more important. An employer is more likely to hire someone with a college degree over someone who doesn’t have one, even for retail and food service jobs. Having a degree can also be the difference between getting promoted to management and staying where you are.

One also needs to address the personal value of a college education. Those who’ve gone to college have a wide range of knowledge on more than just their field of study. They’re often more appreciative and accepting of diversity. They’ve learned to form solid opinions and ideas based on facts. College students know how to find the answers when they don’t know them. They can respectfully debate an issue. They can hypothesize. They can dream. College students in general are well-rounded people. Regardless of whether or not they currently have a job, or what that job is, the intellectual growth and personal development that comes with a college education is invaluable.

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College News Roundup

Up-to-date college news from this week:

College Student Pleads Guilty to POTUS Threats

A 20-year-old student at Miami-Dade College pleaded guilty this week to posting threating messages about President Obama to Facebook. Joaquin Amador Serrapio Jr. might end up getting 5 years in prison for the threats. According to the AP:

“In the first post on Feb. 21, Serrapio said: “Who wants to help me assassinate Obummer while hes at UM this week?”

Then on Feb. 23, the day of Obama’s visit, the Secret Service said Serappio posted a second threat.

“If anyones going to UM to see Obama today, get ur phones out and record. Cause at any moment im gonna put a bullet through his head and u don’t wanna miss that! Youtube!” the message said.

Someone who saw the posts contacted the Coral Gables Police Department and the Secret Service dispatched two agents to Serrapio’s home, where Serrapio and his mother agreed to allow a search. There they found an iPad with one of the Facebook postings on it and a cell phone with a text message from one of Serrapio’s friends who had seen the messages.

“LOL you can get in trouble for sayin’ that,” the text said.

Serrapio replied that he was “challenging” the Secret Service and also issued threats against any agents who came looking for him.

“I wanna kill at least two of them when they get here,” Serrapio said in that text.

Investigators said the only weapons Serrapio possessed were two pellet guns. He was originally charged with threatening the agents as well, but prosecutor Seth Schlessinger said that charge will be dropped.

Serrapio said during the hearing he had just completed his second year of college. He declined through Ross to comment outside court.

Senator Franken Introduces Standard College-Aid Letters Bill

Senator (and former SNL star) Al Franken (D-MN) and eight co-sponsors are introducing a bill to simplify the financial aid process. Under this bill, Colleges would have to send all students their financial aid information in a standard letter so that families would be able to evaluate their options in a simple and understandable way. According to Bloomberg:

“Colleges send letters to students they’ve accepted outlining costs, scholarships as well as loan information. The letters are often confusing and fail to differentiate clearly between awards and the money a student might need to borrow to cover tuition and other expenses. There is no federal requirement to disclose interest rates or total loan payments as there are for other types of loans such as mortgages.

The bill would establish information that must be included such as the cost of attendance, the net amount a student is responsible for paying after subtracting grant aid, expected federal loan monthly repayment amounts and disclosures related to private loans, according to the statement.”

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College News Roundup

Up-to-date college news from this week:

New college graduates earning less than a decade ago

According to the Economic Policy Institute, new college graduates are earning less than they were a decade ago.

According to the LA Times, “In 2011, fresh college grads earned an average of $16.81 an hour, or about $35,000 a year. That’s down 5.4% from 2000. Women fared worse than men. Their wages declined 8.5% to $15.74 an hour over the same period while those of men dipped 1.6% to $18.29 an hour.”

The LA Times goes on to say, “The average graduate is on the hook for $25,250. And unlike other forms of debt, student loans are virtually impossible to discharge through bankruptcy. Uncle Sam frequently garnishes paychecks, tax refunds, even Social Security payments from people who haven’t paid their government-backed loans.”

New York Rangers Chris Krieder: From College to the Conference Finals

One month ago, New York Rangers forward Chris Krieder was just another student on the campus of Boston College. Now he is scoring game winning goals in the NHL playoffs. Krieder, 21, has 4 goals in his 14 NHL games since finishing school. All those games are in the playoffs. He is the first player to score 4 playoff goals before his first regular season game since the 1950s. Known for his blazing speed, Krieder has been an integral part of the Rangers’ slow march to the Eastern Conference finals.

Krieder, who is living out of a suitcase, has impressed his other teammates. Rangers forward Brian Boyle said, “He has surprised me, even though I knew he had a lot of talent. The way he handles himself is impressive. It’s not easy coming into a dressing room in this situation. He has helped us win games.”

College Tuition Dispute Takes Place on Texas Campus

With Gov. Rick Perry, slashing budgets across the board, University of Texas at Austin is raising proposing a 2.6% tuition raise. This is causing a lot of controversy on campus amongst the school’s regents and staff as well as students.

According to the Wall Street Journal:

“The dispute has reached such a point that the chancellor of the state’s multi-campus university system, Francisco G. Cigarroa, stated this week that he hasn’t tried to fire William Powers Jr., president of the Austin campus.

The trend of consistently raising tuition to counter reductions from other funding sources is not sustainable for students and parents,” Mr. Cigarroa said in a statement Wednesday.”

Any news going on your college campus? Share in the comment field below!

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