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Is the unwavering belief in the value of college justified?

In the previous post, I noted that 85% of parents strongly agreed that college was an investment in their child’s future, the highest in the last five years. Some will ask: Is such confidence justified? The answer seems to be yes: the earnings premium of having a college degree continues to rise. In 2013, the earnings premium in constant 2012 dollars was $17,500 versus $15,780 in 1995 and just $7,499 in 1965.

But here’s the troubling reality, and I think it’s driving some of the debate on the value of college. The wages for college grads have barely risen since 1986 (see below), even Continue Reading…

How We Pay For College is Changing

From a national study by Sallie Mae, How America Pays for College 2013. Four highlights:

  • Higher scholarships and grants. “Free money” now pays for 30% of college costs, up from 25% four years ago.
  • Reduced parent contributions. Parents now fund from income and savings 27% of college expenses, down from 2010’s peak funding of 36%.
  • Unwavering belief in the value of college. 85% of parents strongly agreed that college was an investment in their child’s future, the highest in the last five years.
  • New cost-consciousness. A higher number of families factor college costs into the choice of school

HT: College Parents of America

Update: How America Pays for College 2014 has been published.

 

 

 

Where Interns Earn the Most

Wow.  And some of  these interns come straight out of high school.

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Avg monthly income for U.S. households in 2012: $4,280.

Read more.

Are Younger Evangelicals (Slowly) Joining the Sexual Revolution?

It’s commonly believed that young Christians are frustrated with the church’s “outdated” views on sex and marriage. But when you survey those who actually attend church weekly (rather than merely identify themselves as “Baptist” or “Presbyterian”), you find:

  • Only 11 percent of young, religiously active evangelicals actively expressed support for same-sex marriage. (Compared  to a strong majority of their non-believing peer group.)
  • Approximately 6 percent of  young, religiously active evangelicals expressed support for abortion rights. (Compared to 70 percent in their non-believing peer group.)
  • Approximately 5 percent of young, religiously active evangelicals agreed that cohabitation is acceptable. (Compared to 70 percent in their non-believing peer group.)

None of this is to deny that the sexual revolution continues apace. The broader culture is shifting. But younger evangelicals are, by and large, happily swimming upstream.

Read more, or listen to Dr. Regnerus’ lecture on the recent findings.

With Tuition Rising, Are Colleges Getting Richer?

With tuition rising, aren’t colleges making out like bandits? For the most part, no, writes Scott Carlson in The Chronicle of Higher Education. While sticker price tuition is rising, colleges are also raising the discount rate.

The upshot? “On average and adjusted for inflation, colleges have seen no growth in net revenue for 13 years.”

Read the whole thing.

Related: Half of College Presidents Lack Long-term Confidence in Their Financial Model

All Knowledge Starts Somewhere in Faith

In the pages of The Chronicle of Higher Education (the trade journal for college professors and administrators), Dr. Peter Conn, professor of English and Education at the University of Pennsylvania, recently penned a provocative essay entitled “The Great Accreditation Farce” (subscription may be required). Conn argued  that religious colleges “undermine the most fundamental purposes of higher education.”

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‘Non-Traditional’ Students Are Majority on College Campuses

Read the breakdown (reported in July 2013, the data appears to be 2011-2012).

Underemployment & College Major. Correlation?

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Are Large Amounts of Student Debt Common?

Whether student debt loads are contributing to the decline in home ownership or not, the personal horror stories making headlines are not normative. That isn’t to say that lots of people don’t have loads of student loads. But on a percentage based, it’s a minority: In 2012, less than 10 percent of students completing a bachelor’s degree had more than $49,000 in debt. Only 0.3 percent of undergraduates had six figures of debt.  The median debt at graduation for a bachelor’s degree was just under $17,000.  (The average figure in 2012 has been reported by another source as being just north of  $29,000.)

Continue Reading…

Are Student Loans Holding Back Home Ownership?

A good article in the WSJ explores the question: