Research + News | Topic: Majors

High Cost Of Education Limits Career Choices For Millennials

We’ve all seen the staggering student loan debt statistics: It averages more than $20,000 and 69% of Millennials have student loan debt, according to the Federal Reserve of New York. What the numbers don’t tell us is what is going on in Millennials’ minds before they take on this debt.

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Seven Surprising Facts About College Students

These statistics offered from Tim Elmore might be helpful to pass along to a freshman, just entering the world away from home. Read the blog post here.

The Cost of Not Going to College?

pewPew Research on Social and Demographic Trends has released a report on the “rising cost of not going to college.” From the report:

“For those who question the value of college in this era of soaring student debt and high unemployment, the attitudes and experiences of today’s young adults—members of the so-called Millennial generation—provide a compelling answer. On virtually every measure of economic well-being and career attainment—from personal earnings to job satisfaction to the share employed full time—young college graduates are outperforming their peers with less education.”

The report also featured “6 Key Findings about Going to College“:

1. A college education is worth more today.

2. College benefits go beyond earnings.

3. College grads are more satisfied with their jobs.

4. The cost of not going to college has risen.

5. College grads say college is worth it.

6. College majors matter.

Read the full report here.

Download the complete report (.pdf) here.

Read the full report on the “6 Key Findings” here.

A Fine-Arts Degree, A Good Choice?

artdegreeThe Wall Street Journal reports on a study from Georgetown University’s Center on Education and the Workforce that suggests fine-arts degree graduates that job prospects and employment satisfaction are surprisingly high. From the report:

“A 2011 report from the center found that the unemployment rate in the first two years for those graduating with bachelor of fine arts degree is 7.8%, dropping to 4.5% for those out of school longer. The median income is $42,000.”

Read the full report here.

Professors Have Greatest Influence on Majors?

Inside Higher Ed reports on a new study presented during the annual meeting of the American Sociological Association. According to the study that will appear in the forthcoming book How College Works, reporter Scott Jaschik writes, “Undergraduates are significantly more likely to major in a field if they have an inspiring and caring faculty member in their introduction to the field. And they are equally likely to write off a field based on a single negative experience with a professor.”

Read the full report here.