Posts Tagged ‘ college ’

Cost-Anxious Teens Look to Canada for College

Friday, April 26th, 2013

A growing number of American high school students are expanding their college searches to include Canadian universities that offer quality educations without the staggering pricetags many American colleges carry.  NBC News has more:

About one in six people who owe money on their student loans is in default. Such a debt load is a harsh reality that is forcing a growing number of young people to look north to Canada for an education they can better afford.

Six percent of McGill’s student body is American, and the ranks are growing. The number of U.S. students at Canadian colleges rose 50 percent in a decade, and now about 10,000 Americans attend Canadian colleges, according to the Institute for College Access & Success.

That institute also says graduates from an American university can expect, on average, to carry more than $26,000 in debt. And about 9 percent of those grads default on student loans within two years.

The largest cost of going to school in the United States is the tuition, which is astronomical compared to Canada. At schools such as the University of Chicago and New York University, the annual tuition tops $40,000, far above their Canadian counterparts, which benefit from a tradition of robust government support.

Image: Canadian flag, via Shutterstock

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Under Pressure, More Colleges Freezing, Reducing Tuition

Thursday, August 2nd, 2012

The cost of college is a source of anxiety for virtually every family with children, and amid growing calls to stem the tide of skyrocketing tuition prices, a growing number of colleges and universities are taking steps to freeze or reduce the cost of attending their schools.  From The Hechinger Report:

After three decades of tuition hikes that have outpaced inflation and increases in family income, students, families, legislators and governing boards are demanding a halt.

“Enough is enough,” says Anne Mariucci, a member of the Arizona Board of Regents, which for the first time in 20 years has frozen in-state tuition at the University of Arizona and Arizona State University after increases over the last five years of 84 and 96 percent, respectively.

Some private universities, too, have agreed to stop raising their tuition, or even cut it, after being alarmed to discover their enrollments starting to slip.

A proposed amendment to the California constitution would ban public universities from raising tuition for students who have already enrolled, and debates are under way in Texas and Massachusetts to take similar steps at their public universities.

Image: Graduate holding piggy bank, via Shutterstock.

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AP: Half of New College Grads Jobless or Underemployed

Monday, April 23rd, 2012

Half of recent college graduates are either unemployed or working at jobs that don’t fully use their skills and knowledge, an analysis of government data by The Associated Press has found. Young adults are, instead of putting their degrees to full use, increasingly parsing together lower-paying jobs in an attempt to keep up with student loan payments and cost of living.  From the AP:

Opportunities for college graduates vary widely.

While there’s strong demand in science, education and health fields, arts and humanities flounder. Median wages for those with bachelor’s degrees are down from 2000, hit by technological changes that are eliminating midlevel jobs such as bank tellers. Most future job openings are projected to be in lower-skilled positions such as home health aides, who can provide personalized attention as the U.S. population ages.

Taking underemployment into consideration, the job prospects for bachelor’s degree holders fell last year to the lowest level in more than a decade.

“I don’t even know what I’m looking for,” says Michael Bledsoe, who described months of fruitless job searches as he served customers at a Seattle coffeehouse. The 23-year-old graduated in 2010 with a creative writing degree.

Image: Graduation caps, via Shutterstock

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