Stats That Stick: May 25, 2011
May 25, 2011 09:23 pm
On average, bachelor’s degrees pay off. But a new study confirms that some undergraduate majors pay off a lot more than others. In fact, the difference in earnings potential between one major and another can be more than 300 percent. In fact, the lifetime advantage ranges from $1,090,000 for Engineering majors to $241,000 for Education majors.
–Georgetown University Center on Education and the Workforce
The median starting salary of students graduating in 2009 and 2010 was 10% lower than the salary received by those who entered the workforce in 2006 and 2007. College educated women continue to earn less than college educated men. –Rutgers, The State University of New Jersey
The nation’s overall education spending grew at a slower pace in 2009 than at any other time in more than a decade. Public school districts spent an average of $10,499 per student on elementary and secondary education in the 2009 fiscal year, up 2.3 percent from 2008. In contrast, spending rose by 6.1 percent and 5.8 percent in the two years before that. –New York Times
Thirteen states, including Florida, New Mexico, and Wyoming, said that their longitudinal-data systems feature all 12 elements that are outlined in the America competes Act, a broad federal law focused on strengthening the nation’s economic competitiveness and used as a yardstick for ARRA progress. They include the ability to track students from preschool through college, match individual teachers to students and their data, and monitor student-level transcript information such as grades earned and courses completed. –Education Week