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what happens to most college students after graduation?
The 18-34 year-old demo is one that grew up on great wealth and what we're facing could be the first real financial jolt we've seen. Sixty-five percent of college seniors plan to live with their parents after they graduate. When you consider that they also have an average of three credit cards and 73 percent will graduate with student loan debt, that makes sense. From a college student who has no savings, to a recent graduate trying to move out of his parents' house, to young people who are trying to stay afloat living on their own, this half-hour takes a look at the personal side of our economic crisis.
UC Berkeley is broke and has over $100 million of red ink
Six weeks ago, UC Berkeley faced a $67.2 million budget gap for 2009-10. Amid California's budget crisis which puts the state on the brink of bankruptcy, that anticipated shortfall has now grown to $145 million. The recently-enacted 9.3% student fee increases and other revenue-enhancement measures that become effective July 1, have reduced the $145 million gap by about $30 million, which means that UC Berkeley is still short $100 million. The budget situation is so servere that the Chancellor and Provost of the University of California just sent out the following urgent email this afternoon to all students, staff, faculty, and alumni at UC Berkeley...
In summary, this is what's expected to happen to UC Berkeley this upcoming academic year... Read more
revolution, food shortages, higher education myth, and what to do?
The following few videos I recently came across are extremely disturbing. Gerald Celente, a legendary trend forecaster who has accurately predicted every major world event since the 1987 stock market crash and the fall of the Soviet Union and CEO of Trends Research Institute, is now warning Americans (and the world) to prepare for a broad economic collapse, potential bank holidays, ghost malls, civil unrest, food riots, and possible revolution by 2012. The only possible salvation is a new technological innovation as revolutionary as fire or the wheel. Read more
how many college grads are actually able to get a job?
Consider the following results from a recent study performed by the National Association of Colleges and Employers to find out really how many college graduates are able to obtain jobs.
Statistics do not lie. Now here's the million dollar question: Do you have a Plan B? Read more
college seniors from Cal, Stanford, Ivies fight over $27,000 per year jobs
The impact of the worsening recession can be felt by graduating students attending some of the most elite universities in the U.S. such as UC Berkeley, Stanford, and Ivy League colleges. Because of a contracting economy, companies are unwilling to hire but are increasingly ready to fire employees every day. As a result, many college students from the class of 2009 and beyond are competing for jobs to teach in low-achieving schools in programs such as Teach For America for as little as $27,000 a year! Read more
education pays
Okay, so my parents were right: education pays in higher earnings and lower unemployment rates. Then why is the great state of California spending so little on education and complaining about reverse braindrain and overseas job oursourcing at the same time? Perhaps, some of our elected officials may need some education in common sense! Read more