Friday, May 27, 2011

My Daily Domestic Clips 05/27/2011 (p.m.)

  • tags: college debt

    • Smith, who graduated last May from Arcadia University with a bachelor's degree in studio art, technically already has a job.

      She currently sells bicycles at Performance Bike in Rockville, Md. But working full-time at $8 an hour is barely enough to scrape by. Smith is also paying down more than $75,000 in student loans and nearly $3,000 in credit card debt. She currently lives with her grandmother in Silver Spring, Md
    • Smith is hardly the only recent graduate unable to secure a decent paying job while also struggling with piles of debt.

      Last week, Carl Van Horn, a professor of public policy at Rutgers University, released a study called "Unfulfilled Expectations: Recent College Graduates Struggle in a Troubled Economy." Van Horn and his colleagues polled young people who graduated from college between 2006 and 2010.

      Debt is a pervasive worry. Of the 571 graduates included in the study, nearly 60 percent had borrowed money to finance their education. Research also found that half of 2009 graduates are either unemployed or working in jobs that don't require a college degree.

Posted from Diigo. The rest of my favorite links are here.

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