Scholarship News

Starting Salaries Increase for 2011 Grads

July 8, 2011
by Alexis Mattera
Attention recent college grads: You may be able to pay down those student loans a bit sooner than expected!

Attention recent college grads: You may be able to pay down those student loans a bit sooner than expected!

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According to the annual Salary Survey by National Association of Colleges and Employers, graduates from the Class of 2011 shows a 4.8 percent starting salary bump over last year’s graduates. The increase was seen across most disciplines including engineering, liberal arts and social sciences, though 5 percent more 2010 graduates were able to find jobs than their 2011 counterparts. With approximately $2,357 more before taxes (this year’s grads will average $51,018 to last year’s average of $48,661), new grads will have enough for a few months of rent, some padding to a savings account or, yes, a way to make a dent in those loans.

Recent grads, are you happy about this news? Soon-to-be grads, are you hopeful the salary figures will continue to increase until you finish college?

Get instantly matched to scholarships that meet your skillset, strengths and unique talents. Our search algorithms match you to scholarships that fit your profile. Access a complete list of college scholarships now by conducting a free college scholarship search at Scholarships.com.

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Posted Under : College Classes , College Costs , College Culture , College Life , College Majors , College News
Tags: Career , College , College and the Economy , College Costs , College Goals , College Life , College Majors , Finances , Job Search , Loan Repayment , Loans , Money Management , Student Loans

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