Notes in the Margins: Banks, the lure of Canada and the male education gap
New College Grad Takes Job They Don't Want Every 5 Minutes A recent study, which focused on underemployment among recent college graduates, found about 120,000 of people who last year obtained bachelor's degrees took jobs in sectors other than those which they most preferred. Very often, that means getting a job in retail or restaurant work, two sectors in which four to five times more graduates are working than would prefer to. (The Huffington Post)
Bridging the male education gap American women are making gains; men aren't. Why? In the ongoing discussion of how to boost the education and skill levels of the American workforce, one central issue is rarely addressed: the gap between male and female achievement. The reality is that the slowdown in U.S. educational gains is predominantly a male affair, and one that drags down the overall competitiveness of our workforce and workers' ability to land (or create) good jobs. (Los Angeles Times)
Economic Scene: Dropping Out of College, and Paying the Price College graduates have higher employment rates and make more money, but many students drop out because the cost of college seems to be more than their job prospects are worth. (The New York Times)
As Canadian colleges cater to international students, Americans head north Since 2000, there has been a 50% increase in the number of U.S. students enrolling at Canadian colleges and universities, according to the Institute for College Access & Success, and the Association of Universities and Colleges of Canada (AUCC) expects that figure to rise. (USA Today)
Fed Official Says U.S. Banks Should Aid Student-Loan Borrowers U.S. banks should reduce default risk by helping borrowers challenged by repayment of private student loans to come up with alternative payment plans, a Federal Reserve official said. Making changes to such plans is usually in the interest of both bank and borrower, leading to better loan performance, increased recoveries, and reduced credit risk. (Bloomberg Businessweek via NAICU)
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