College degrees still worth it in the US, but not equally

By Marielk. The Public Policy Institute at Georgetown University has produced a new report titled “Hard Times” examining the issues of unemployment of graduates in the context of the current economic crisis in the US. While there have been recent media coverage on graduate unemployment in the US and questions have been raised whether college pays off at the time of increased unemployment and skyrocketing debt from tuition fees. From being a taken for granted benefit, for instance conservative pundit William Bennett argues in his latest book that one should  think long and hard before sending their kids to college. The report from Georgetwon University establishes that at times of crisis when one examines college graduates age 25 or higher, their unemployment rates are significantly lower than of those without higher education: 9–10 percent for non-college graduates compared to 4.6–4.7 percent for college graduates. However – it is not only that education matters, it is what you study that matters even more. Read more...