PSU news by
Penn State's student blog

Topics

More

Graduates’ Debt Increases Over Two Decades

Tuition vs. EarningsMichael Mandel recently posted the chart to the right on Business Week, using data from both College Board and the latest Census report.  His criteria was based on the average 25-34 year-old bachelor degree holder’s yearly income.  Viewing the chart in 1991, note that post-grad income and college costs were about even, with costs slightly above income.  Throughout the 90’s, both numbers increased steadily with little change.

As you can see, in 2000, the income came as close to matching tuition rates as it did in 1993.  Like that, as if there were some sort of strange shift (hmmm), college tuition skyrocketed as income plummeted.

In real terms, college costs are up by 23% since 2000. But real pay for young college grads is down 11% over the same period.

This trend has continued up until now and worsened with the recession.  This has nothing to do with the Bush administration, right?  I think I see a pattern!  It would be interesting to see the standings in four years…

Presently, it seems to be growing near impossible to pay off some $80,000 of debt when, if graduates do find jobs, many will be getting paid little more than would an individual without any college education.  For more reasons than this, it sure would be nice to go back to the 90’s.  Eh?

Solutions?  Hide!  Go to grad school.  Check the situation out in two years.  For Spanier’s sake, don’t leave!

Your ad blocker is on.

Please choose an option below.

Sign up for our e-mail newsletter:
OR
Support quality journalism:
Purchase a Subscription!

About the Author

State College Links
Follow on Another Platform
113kFollowers
157kFollowers
54.9kFollowers
4,570Subscribers
Other posts by Chris

Renowned Author Toni Morrison to Speak Tonight

Last month, the wonderful Maya Angelou delighted a packed house at the Eisenhower Auditorium as part of the 2009-2010 Distinguished Speaker Series. Continuing with literary greats, the Paterno Fellows Program is hosting renowned African American author Toni Morrison at the Eisenhower Auditorium TONIGHT at 8 p.m.


She will be receiving the Arts and Humanities Award tonight for her contributions to Penn State’s Arts and Humanities. Expect another wonderful speech from another outstanding African American author.

Calling All Ballroom Dance Enthusiasts

Be the M.O.O.D. Cover Girl!

The Story Of Julia Cipparulo & Her Motives For Allegedly Vandalizing Penn State

“That broken ear is a permanent reminder of the dark side of Penn State University, the lives lost, and a warning. A warning that the deaths will continue unless massive change is enacted.”

The Story Of Julia Cipparulo & Her Motives For Allegedly Vandalizing Penn State

“That broken ear is a permanent reminder of the dark side of Penn State University, the lives lost, and a warning. A warning that the deaths will continue unless massive change is enacted.”

Penn State Alum Charged For Campus Vandalism

In a statement sent to Onward State, Julia Cipparulo claimed to have vandalized several Penn State campus landmarks, including the Lion Shrine, on May 8.

Penn State Football Announces New Jersey Numbers For 2022 Season

Nittany Lions old and new have received new jersey numbers ahead of the 2022 season.

 
Send this to a friend