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Tough Times, Even Higher Debts For College Graduates

Two-thirds of American college graduates left school last year with student loan debt hanging over their heads and the average amount they owed was $26,600, up 5 percent from the previous year. They also walked into a "tough job market" that was only marginally more friendly than in 2010, according to a report released today by the Institute for College Access and Success (TICAS).

The California-based institute says "the unemployment rate for young college graduates in 2011 remained high at 8.8 percent, a slight decrease from 2010, which saw the highest annual rate on record for this group (9.1 percent)."

But, it adds, "many more young graduates were considered underemployed. Among those who wanted to be working full time, as many as 19.1 percent were either working part time or had given up looking for work. Further, 37.8 percent of working young graduates had jobs that did not require a college degree, depressing their wages."

Despite those sobering statistics, "in these tough times, a college degree is still your best bet for getting a job and decent pay," institute President Lauren Asher says, according to The Associated Press. "But, as debt levels rise, fear of loans can prevent students from getting the education they need to succeed."

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Remembering Robert Swanson, Advertising's 'King Of Jingles'

Robert Swanson revolutionized American advertising and wrote some of the most memorable ad jingles of the 1950s and '60s for products ranging from Campbell's Soup to Pall Mall cigarettes. He died at 95 July 17 at his home in Phoenix, Ariz.
NPR

More Than Just Saying 'Cheese,' Hundreds Sit Test To Become Official Experts

The American Cheese Society will begin proctoring its next Certified Cheese Professional Exam in Des Moines, Iowa, on Wednesday, during the group's annual conference.
WAMU 88.5

Democratic National Convention Day Two: Uniting The Party

An update on day two of the Democratic convention: Bill Clinton takes the stage and ongoing efforts by party leaders to build unity.

WAMU 88.5

How To Help Teens And Children Fight 'Tech Addiction'

Many parents and therapists say obsessive internet use is a very real problem for some teens and children. But the term “internet addiction” is controversial and not officially recognized as a disorder. How to help kids who compulsively use computers and mobile technology.

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