The new College Scorecard website https://collegescorecard.ed.gov/, breaks down earnings for college graduates by school. The parameters are that the students included are those who received federal student loans and the time accessed is ten years after enrollment (so between six and four years after graduation depending on how long the student spent in college). One can sort by the percentage earned above the earnings of a high school graduate, the average annual cost (after aid is received), graduation rate (after six years), name and size of the school. This is invaluable because it reveals that some of the most expensive schools do not result in more earnings for graduates and some less expensive schools do. This is examined in a recent NY Times article, http://www.nytimes.com/2015/09/14/upshot/gaps-in-alumni-earnings-stand-out-in-release-of-college-data.html. The website is easy to understand and use. I urge every student and parent to examine it.
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AuthorThe author is Rachel Hunt a lawyer turned college counseling consultant. She is the mother of one college senior and one college freshman. |