Young and Recession-ed in Houston

April 16, 2010 by  
Filed under College Newswire

New column in the Houston Press today about how local young people are being affected by the recession.  A local graduate from UT-Austin, Katelyn Orenchuk, has been unable to get a job since moving home to Houston following graduation in September of 2008.  Katelyn has applied for numerous jobs, but has not even gotten a call back yet.  The most moving words in the piece, and words that must absolutely break her family's heart, are as follows:
"The worst part is feeling that I'll have to settle for being less successful than my parents. Every generation is supposed to feel that they're going to do better. I don't want to be a burden on my family, but feeling that... Read More »

Budget Cuts, Huge Tutition Increases at Public Universities

April 13, 2010 by  
Filed under College Newswire

JNES5HNW74N9 At least 39 states have cut assistance to public colleges and universities, resulting in reductions in faculty and staff.  In some states the budget crises created by the recession have created massive problems on campus.  In California, tenured faculty have been asked to take wage cuts and are working up to 21 unpaid days this year.  Further, budget cuts and tuition raises in the University of California system have faced huge resistance from faculty and students.  For the first time in decades, UC campuses have seen student occupation of administrative buildings, student and faculty joint protests and marches, and on-campus rioting. The conflicts are less aggressive at other state universities, but are causing great... Read More »

Scary Stats on Jobs and Young Adults

April 13, 2010 by  
Filed under College Newswire

PEW CENTER SURVEY SHOWS 20% OF 26-YEAR-OLDS LIVING WITH THEIR PARENTS IN 2006, BEFORE RECESSION. CURRENT RATE ESTIMATED AT 35-50%. 10 PERCENT OF ADULTS YOUNGER THAN 35 MOVED IN WITH PARENTS IN LAST YEAR. BUREAU OF LABOR REPORTS THAT 19.4 % OF 25-YEAR-OLDS CURRENTLY... Read More »

Dramatically Lower Wages for Recession-Era Graduates

April 13, 2010 by  
Filed under College Newswire

In recent articles in the Wall Street Journal and Atlantic Monthly, you may have seen reference to a disturbing study of the wages of college graduates by Yale Economist Lisa Kahn.  In Kahn's study of the wages for college graduates who entered the labor market during recessions, she found drastically lower wages for recession-era college grads when compared to college grads who entered the job market during good times.  In year one, those students who graduated during recessions earned 15-30 percent less than those who graduated during non-recessions.  But most shockingly, those low wages lingered for 15 or more years.  In fact, recession-era graduates' wages never caught up to the wages of good times grads over... Read More »

WARNING!! DRASTICALLY LOW SIX-YEAR!!! GRADUATION RATES AT TEXAS COLLEGES

April 13, 2010 by  
Filed under College Newswire

As exposed in a recent study funded by AEI and the Bill Gates Foundation, colleges in Texas and vicinity have done a very poor job of graduating students in a timely fashion, if at all.  Below are the 6-year!! graduation rates (4 year rates are  so low that colleges refuse to disclose) for Caucasian students at colleges that are popular for Texas students. AUSTIN COLLEGE 74% BAYLOR 74% UT-DALLAS 52% SMU 73% TEXAS TECH 57% TCU 70% TEXAS ST.-SAN MARCOS 54% UT-AUSTIN 77% SOUTHWESTERN 75% UT-SAN ANTONIO 28% TEXAS A&M 79% ALABAMA 64% LSU 59% COLORADO 68% ARIZONA 59% ST. EDWARDS 53% TRINITY TX 78% GEORGIA 76% If your family follows what everyone... Read More »

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