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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

Lisa Lucas Takes The Reins At The National Book Foundation

Lucas is the third executive director in the history of the foundation, which runs the National Book Awards. Her priority? Inclusivity: "Everyone is either a reader or a potential reader," she says.
NPR

The Shocking Truth About America's Ethanol Law: It Doesn't Matter (For Now)

Ted Cruz doesn't like the law that requires the use of ethanol in gasoline. So what would happen if it was abolished? The surprising answer: not much, probably.
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The Latest on the Military, Political and Humanitarian Crises in Syria

Russia continues airstrikes in Syria. Secretary Kerry meets with world leaders in an attempt to resolve the country’s five-year civil war. A panel joins Diane to discuss the latest on the military, political and humanitarian crises facing Syria.

NPR

Should India's Internet Be Free Of Charge, Or Free Of Control?

Facebook's free Internet service was banned in India on the basis of net neutrality this week. Internet providers, regulators say, should not be allowed "to shape the users' Internet experience."

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