Job market remains tight, which is likely to continue over the summer. The median annual household income of graduates of accredited private schools is $50,000, according to a report last fall by the Economic Policy Institute. The median graduate’s household income is just shy of $70,000.
The gap between the incomes of those with high school degrees and those with college degrees, meanwhile, is widening. In 2014, the gap between high school graduates with a degree and those with a college degree was only about $50,000, according to a survey by Pew Research Center. But the gap widened to $66,800 in 2017, according to a report by the Georgetown Center for Children and Families.
A number of factors have contributed to this. As college costs have exploded, so has the need for students to complete their degrees. For graduates with bachelor’s degrees, enrollment in college courses reached a record high of 13.4 million as of March 2016, according to the Department of Education. For graduates with master’s degrees and doctoral degrees in applied mathematics, enrollment was 8.4 million.
At the same time, the need for college graduates has declined. The drop in bachelor’s degrees in 2009 was at least partly an effect of falling education spending. In 2016, educational spending by바카라 students totaled $824 billio바카라사이트n, or 12.3 percent of gross domestic product.
While there have been signs of slowing enrollment in college, many researchers say the drop in enrollments is not strong enough to significantly slow down employment. Instead, some experts said they see the trend of job training programs that offer apprenticeships as the main issue.
For graduate programs, such training may be a viable solution. The Center for Education Policy, which published the report with The Center for Budget and Policy Priorities, said that while there is an «unmet need» for graduates from college to work, a growing number of graduate students are working in manufacturing, sales or legal jobs, not just college admissions. T바카라he jobs are «not necessarily going to be higher paying than the jobs we are already doing,» said Jonathan Katz, a senior vice president for the center.