Student debt and wages.

Graduating college continues to have significant economic benefits, despite the rising costs and weak job market. However, the gap between costs and returns appears to be diminishing.

student debt

student avg pay

Notes: (1) student debt covers 25 year old’s, while median pay covers 25-25 year old’s. (2) Student debt is an average, while median pay is a median (average pay does follow the same trend).

Source: New York Fed; Vox.

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Highly selective schools and happiness.

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A new Gallup survey of 30,000 college graduates of all ages in all 50 states has found that highly selective schools don’t produce better workers or happier people, but inspiring professors, no matter where they teach, might.

“It matters very little where you go; it’s how you do it” that counts, said Brandon Busteed, executive director of Gallup Education. “Having a teacher who believes in a student makes a lifetime of difference.”

Highly selective schools and happiness.

Source: The Wall Street Journal