July 8, 2021 — Samuel Merritt, Harvey Mudd, and MIT
Graduates of Samuel Merritt University earn $93k in the first 2.5 years of their career, followed by Harvey Mudd in Claremont, Calif. at $91k, then Massachusetts Institute of Technology at $88k. These starting salaries reflect only Bachelor’s degrees in STEM.
What does this mean? Ivy League graduates might have a prestigious diploma, but not the highest salaries. For high starting salaries, smaller, specialized institutions give better ROIs.
July 9, 2021 — Tennessee State University
Transfer applicants from the state’s 13 community colleges can qualify for a $10k scholarship if they have a 2.5 GPA and demonstrate financial need. Transfer applicants should apply before July 31 or sooner because the funds are first-come, first-served.
What does this mean? In a national effort to increase higher ed access, community college applicants and transfer applicants receive incentives to pursue a 4-year degree. If you’re trying to avoid a competitive and stressful college app season, opt for community college then transfer in lieu of direct admission to a 4-year.
July 6, 2021 — Labor shortage
According to the Bureau of Labor Statistics, the share of teenage workers aged 16 to 19 rose to 37% in May 2021 from 20% in April 2020. This is the highest rate since the Great Recession. The number of teenage job seekers also jumped 35%, according to Snagajob. Employers are eager to hire amidst a reopening of leisure, hospitality, and food service industries. Teens have taken gap years from college, making them suitable employees for these entry-level positions.
What does this mean? Working even in an entry-level minimum-wage job can prepare students for the demands of college, including managing time, communicating with other adults, and budgeting. Encourage your student to apply for a job this summer if they’re just sitting around.