• Education

    Master’s degrees are the second biggest scam in higher education.

    Last week, the Wall Street Journal published a troubling exposé on the crushing debt burdens that students accumulate while pursuing master’s degrees at elite universities in fields like drama and film, where the job prospects are limited and the chances of making enough to repay their debt are slim. Because it focused on MFA programs at Ivy League schools—one subject accumulated around $300,000 in loans pursuing screenwriting—the article rocketed around the creative class on Twitter. But it also pointed to a more fundamental, troubling development in the world of higher education: For colleges and universities, master’s degrees have essentially become an enormous moneymaking scheme, wherein the line between for-profit and…

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  • Education

    New VA Education Rule Allows Some Vets to Get Multiple Degrees

    This month, the Department of Veterans Affairs made a major change to education benefits, expanding opportunities for some veterans by allowing them to apply their benefits toward multiple degrees. “Effective April 1, 2021 VA will not count veteran entitlement used in the Veteran Readiness and Employment (VR&E) program against the 48-month rule for education programs like the post-9/11 GI Bill,” a VA spokesperson said in a statement. VR&E, sometimes referred to as Chapter 31, allows veterans with a service-connected disability and at least a 10{c25493dcd731343503a084f08c3848bd69f9f2f05db01633325a3fd40d9cc7a1} rating to access various resources to find employment. Read Next: Troubled Visa Program for Afghan Interpreters May Do ‘More Harm Than Good,’ Study Finds The…

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  • Jobs

    Degrees More Advanced Than Bachelor of Arts Don’t Always Mean More Jobs for Men

    Illustration: George Wylesol for Bloomberg Businessweek Illustration: George Wylesol for Bloomberg Businessweek The more education you have, the more likely you are to have a job. This relationship holds true across the U.S. labor market, with one notable exception. In February, 74.6{c25493dcd731343503a084f08c3848bd69f9f2f05db01633325a3fd40d9cc7a1} of men 25 and older with only a bachelor’s degree were employed, according to the Bureau of Labor Statistics, while just 72.7{c25493dcd731343503a084f08c3848bd69f9f2f05db01633325a3fd40d9cc7a1} of men with advanced degrees were. This seeming inversion has been present for all but five months over the past five years, which is how far back the data are available. It’s been driven entirely by labor force participation. That is, men with advanced degrees have…

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  • Jobs

    How people without bachelor’s degrees can find better jobs

    Some jobs lost during the pandemic will never come back. In part, that’s due to automation — something that was happening long before the coronavirus emerged. “Firms were automating, but in some cases, they’ve accelerated that process during this pandemic because machines don’t get viruses,” said Patrick Harker, president and CEO of the Federal Reserve Bank of Philadelphia, in an interview with Marketplace’s David Brancaccio. It’s happening in the sectors you might think of as hard-hit by automation, like manufacturing, but also less-obvious sectors like retail and hospitality. People of color are being impacted particularly hard by automation-related job loss. Harker’s team at the Philadelphia Fed has developed a new…

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  • Education

    Education Turns180 Degrees in a Matter of Months

    By GARRY RAYNO, InDepthNH.org If you doubt elections have consequences, just look up the bills before the House Education Committee this week. Only yesterday, actually it was December, the Commission to Study School Funding released its final report after a year’s work studying the current funding system and proposing a major overhaul of how state education aid is determined, although committee members declined to embrace a new method to make the system more equitable. While some of the commission’s recommendations will come before the Legislature this year, the heart of the group’s final report will not. Instead, lawmakers Tuesday will hold a public hearing on House Bill 20, the Richard…

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  • Education

    The economy got even worse this winter for Americans with high school degrees or less education

    Alyssa Fowers Graphics reporter focusing on data visualization and analysis January 27 at 10:15 AM Last week, the Biden administration took over an economy that has been severely hobbled by the coronavirus pandemic. While unemployment has risen for all types of workers, jobs have recovered slowly but steadily for Americans with some college education, according to Department of Labor data. That was true for lower-education workers too, until winter struck. Employment recovery reverses for workers with less education Change in percentage of population employed compared to the same month in 2019 Associate’s or some college Note: Percent of nonmilitary population age 25 or over Employment recovery reverses for workers with…

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  • Education

    USF Will Keep College of Education, Offer Undergrad Degrees

    TAMPA, Fla. — After pleas from local school districts, the University of South Florida has announced it will keep its College of Education and continue offering undergraduate degrees for teachers. What You Need To Know USF will keep College of Education Local superintendents held multiple meetings with USF administrators New proposal will be presented on January 8 Local school superintendents, including Addison Davis of Hillsborough County, Kurt Browning of Pasco County, Michael Grego of Pinellas County, Jacqueline Byrd of Polk County, Brennan Asplen of Sarasota Country and Cynthia Saunders of Manatee County, held a series of meetings with USF administrators. They said they were surprised by the university’s announcement in…

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