LONDON: College costs have been rising nearly 5% a year for the past 10 years—more than double the rate of inflation.
The annual cost for a four-year public college or university is now almost $9,000 a year for in-state residents and $22,000 for out-of-state residents, according to the College Board. Private colleges charge two or three times as much.
All these schools face rising costs for health insurance, technology, faculty and infrastructure but public institutions also suffer from a decline in state and local government financing.
Still, that doesn’t seem to have hurt the paychecks of the presidents of public universities. Their median pay packages jumped 5% to $441,392 for the 2011-2012 fiscal year, and a growing number of those presidents took in more than $1 million, according to an analysis by the Chronicle of Higher Education.
“A lot of people would say the return on your investment is well worth it,” says The Daily Ticker’s Aaron Task. “ The unemployment rate for college grads today is about 4%. If you don’t have a coll
According to the U.S. Labor Dept. the unemployment rate for those 25 years or older with a four-year college degree was 3.9% in April; for high school graduates it was 7.4%. But, according to the latest data from the BLS, recent college graduates who earned a bachelor’s degree had a 13.5% jobless rate.
Despite modest improvement since the most recent peak in October 2009, the unemployment rates of recent college graduates remained above the rates prior to the 2007–2009 recession. And the median weekly earnings of college-educated, full-time workers have dipped, to $1,141 after adjusting for inflation in 2012, from $1,163 in 2007. DNA