Often, when asked, “Why do you want to attend college?” high schoolers reply, “To get a good paying job”, and implied in their statement, “to figure out who I am” (which typically emerges in subsequent interviews) while their parents nod and smile in agreement. So, I reflected on the change in view which also often…
As executives at tech giants, like Facebook, Intel, Netflix, Google, Apple, and Microsoft, announce hiring freezes and layoffs, the technology sector may not be the stable and growing industry with ever-lasting employment opportunities that many students and their parents have been promoting. To add insult to injury, new computer science grads (aged 22-27 years old)…
In questioning the affordability of college, more families are asking, “Is the value of a college degree concomitant to the price?” However, despite annually increasing discounts on college tuition, 54.5% in 2021-22, thus improving college affordability for a wider swath of families, college enrollment continues dropping. As previously discussed in our series about the already…
According to the New York Federal Reserve Bank’s Survey of Consumer Expectations, since January 2021, respondents consistently predict rising college education expenses in the coming 12 months: 5.6% increase in January 2021, rising to a 6.1% increase in May 2021, and most recently in July 2021, even higher at a 7.5% rise. Whereas, just a…
The most recent underemployment figures from the Federal Reserve Bank of New York, indicating that 43% of 22-27 year old college graduates who are working in jobs that do not require their university degrees, show a nearly 2% increase from February 2020, pre-COVID economic disruption. Yet, as college graduates are usually the last cohort to…
We’re officially in a recession, meaning GDP, or the total value of goods produced and services provided in the US during a single year has declined for two consecutive quarters. The world economy is expected to contract by 5.2% this year—the worst recession in 80 years—but the sheer number of countries suffering economic losses means…
