Monday, October 20, 2014

A Bit of College Can Be Worse Than None at All Racking Up Debt - MELISSA KORN , Wall Street Journal

Those students may find themselves doubly damned: cut out of consideration for professional-track jobs, and starting their careers years behind their peers who entered the workforce with just high-school diplomas. Many have student loans to boot. And both groups struggle to cobble together a living in their 20s. College dropouts have a lower unemployment rate than those with no college credits—12.1% versus 15.5%, respectively, for 20- to 29-year-olds—but they work almost exactly the same number of hours a week and weeks a year, according to a Drexel University Center for Labor Markets and Policy analysis of Current Population Survey data. On wages, too, young workers with some college have little advantage. There has been little or no difference in wages among 20- to 24-year-olds who graduated high school and those who completed some college but aren’t enrolled anymore. In 2011, wages for college dropouts were even lower, according to the Current Population Survey. http://online.wsj.com/articles/a-bit-of-college-can-be-worse-than-none-at-all-1413158511