earnings are the key to student debt mark schneider president, college measures vice president, air
TRANSCRIPT
Earnings are the Key to Student Debt
Mark SchneiderPresident, College Measures
Vice President, AIR
Three main themes
• At the bachelor’s level, there are many paths into good pay in the labor market besides the most prestigious campuses
• The two-year technical degree is a valuable credential which can help graduates find well-paying jobs.
• Many certificates are a pathway to good wages.
A cross-cutting theme
• There is lots of variation in the first-year earnings of graduates.
• This variation is – Across degrees– Across fields– Across institutions.
• Where students study, what they study, and what degree they earn matters.
• Evidence is consistent across states– Here we will show Colorado and Texas data
Associate of Applied Science
Bachelor's Degree
Associate of General Studies
AA or AS Degree
High School Graduate (estimated)
$0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000
$45,899
$38,860
$34,707
$30,539
$25,000
Figure 1: Statewide Median Wages, by Education Level
$7000
$5000
Colorado
Texas
$11,000
Texas
Two year technical degrees are valuable: Texas
Texas
Grads with academic two year degrees earn far less than grads with technical two-year degrees
Remember: median for technical degrees>$50,000
Variation across community colleges of grads with same majors: Texas
Certificates can pay off: Texas
For further information Go to:
www.collegemeasures.org/esm/
or contact: Mark Schneider