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Top Cities for Recent College Grads

June 6, 2014

by Suada Kolovic

Attention recent college graduates: You CAN find a job in your field...it just might be overseas.

Based on the analysis of the migration patterns of LinkedIn members in 2013, there are 10 destination cities that most recent college graduates flock to after graduation. By examining the geographic movement of its members over the last year and taking into consideration every new position added to a user's profile between November 2012 and November 2013 (excluding movements that did not exceed 100 miles), LinkedIn ranked each destination city by “the percentage of movers who were recent graduates.” Check out the 10 cities with the highest percentages of recent college grads below:

  • Sao Paulo, Brazil – 34%
  • Bangalore, India – 34%
  • San Francisco Bay Area – 34%
  • London – 35%
  • Chicago – 38%
  • New York City – 38%
  • Madrid – 40%
  • Minneapolis-St. Paul – 40%
  • Washington, D.C. – 40%
  • Paris – 42%

For more on the methodology behind this study, head over to LinkedIn. And for more info on adjusting to life after college, check out Scholarships.com: We've come up with some resources to ease you into that transition with information on everything from becoming a young professional to deciding whether it makes financial sense to move out of your parents’ house and into your own place. Browse through our Life After College section to put your worries at ease!

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Princeton Review Ranks Top Party Schools

August 12, 2014

by Suada Kolovic

Each year, the Princeton Review releases its comprehensive list of colleges ranked by the extracurricular and social offerings on their campuses, how happy their students are, and which are the most religious or LGBT-friendly, among countless other categories. But the distinction that gets the most attention year after year is the school the review dubbed as the top "party school" - an honor that may be lauded by students by dreaded by school administrators and parents. Interested in knowing who made the cut? Check out the top 10 below:

  1. Syracuse University
  2. University of Iowa
  3. University of California – Santa Barbara
  4. West Virginia University
  5. University of Illinois at Urbana-Champaign
  6. Lehigh University
  7. Penn State University
  8. University of Wisconsin – Madison
  9. Bucknell University
  10. University of Florida

Curious as to how the ranking are determined? The Princeton Review collects its data based on survey responses from 130,000 students across more than 370 college campuses. The "party school" ranking comes from responses on alcohol and drug use, hours spent studying and how prevalent Greek life is on each campus. For more on their methodology, click here. And for more information on the schools listed or countless others, use our College Search tool today!

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10 Gifts College Students Will Love

December 23, 2014

by Suada Kolovic

Newsflash: Christmas is just two days away and if you haven't found the perfect gift for that special college student in your life yet, the pressure is definitely on. And if you're looking to spread some Christmas cheer – yes, even "mature" students love presents! – check out our top picks for gifts they might actually enjoy.

  • Cash
  • GoPro
  • Wireless Bluetooth speakers
  • USB rechargeable battery
  • Fitness tracker
  • Cards Against Humanity
  • Stainless steel water bottle
  • Amazon Kindle
  • Netflix membership
  • Single-serve coffee maker

Any gifts you'd like to add? Share your thoughts in the comments section. And for information on finding money for college and how to properly fund you college education, check out Scholarships.com’s Financial Aid section and conduct a free scholarship search today!

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Ivy League Students Avoid Student Debt Crisis

September 11, 2013

Ivy League Students Avoid Student Debt Crisis

by Suada Kolovic

Despite the hefty sticker price associated with all Ivy League institutions, estimated yearly costs are actually quite affordable. In fact, Ivy Leaguers graduate with less debt than their peers who attended less prestigious schools. How? Turns out healthy endowment funds play a huge role in aiding low-income, middle-income and even upper-income students with tuition costs. Score!

According to statistics from U.S. News & World Report, many of the best colleges in the county are relative steals for the lucky few who earn admission. For example, Princeton University students graduate with about $5,096 of debt for all four years – the lowest sum for alumni leaving a national university with debt. Amy Laitinen, a former White House education adviser now at the New America Foundation, said, "Folks look at the sticker price and assume that's what everyone is paying. The truth is that the more elite schools have more resources."

But with acceptance rates hovering at less than 10 percent, gaining access to those Ivy League dollars is fiercely competitive. Do you think it’s fair for students who don’t meet the Ivies’ steep admissions standards to be saddled with crippling debt or should the few that do be rewarded with an affordable, brand name education? Let us know what you think in the comments section.

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Hundreds of Colleges Still Accepting Applications

May 9, 2014

by Suada Kolovic

High school seniors, are you down about not getting a fat envelope from any of the colleges you applied to? College students, are you looking to transfer from your existing institution? Don’t freak out: There are hundreds of colleges that are still accepting applications.

According to the National Association for College Admission Counseling's (NACAC) annual College Openings Update, 270 schools are still accepting applications for freshmen and transfers as of May 9th. The list is comprised of schools that didn’t fill all open spots for next year’s freshman class, are seeking transfer students or have enrollment deposit deadlines later than the May 1st norm. While the majority of schools on the list are small, private colleges with enrollment between 1,000 and 5,000 students, there are a few large, public institutions on the list, too. Check out a sampling below:

For the full list of colleges still accepting applications, click here. Will you be taking advantage of this helpful resource?

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Student Debt Forgiveness Programs Skyrocket

May 6, 2014

by Suada Kolovic

Unless you plan on paying for your college education out-of-pocket, completing the FAFSA and applying for scholarships are essential in your quest for financial aid. But have you considered federal programs that forgive student loan debt almost entirely? It’s an increasingly popular option: According to reports, government officials are trying to rein in federal programs that forgive some student debt, amid rising concerns over the plans’ costs and the possibility they could encourage colleges to push tuition even higher.

The fastest-growing plan requires borrowers to pay 10 percent a year of their discretionary income in monthly installments. The unpaid balances for those working in the public sector or for nonprofits are forgiven after 10 years while those private-sector workers see their debt wiped clear after 20 years. And while there is currently no limit on such debt, the Obama administration has proposed to cap the amount eligible for forgiveness at $57,500 per student. The cost? A report last week from the Brookings Institution estimated that the plan could cost taxpayers $14 billion a year! “Loan forgiveness creates incentives for students to borrow too much to attend college, potentially contributing to rising college prices for everyone,” the study said. The authors went on to recommend the forgiveness provisions to be scrapped entirely. (For more on this story, click here.)

Share your thoughts on federal student debt forgiveness programs in the comments and check out our financial aid section for more information on how to fund your college education.

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Report: Millions of Millennials Are Underemployed or Unemployed

May 20, 2014

by Suada Kolovic

It wasn't too long ago that the majority of Americans agreed that one had to pursue a college degree in order to succeed in the workforce. Unfortunately for millennials, the rate of success after obtaining said degree is no longer so intrinsically tied: According to multiple reports, millions of college graduates suffer a mismatch between education and employment and hold jobs that don’t require costly degrees.

Among recent college graduates ages 20 to 29, the Bureau of Labor Statistics reports unemployment stands at 10.9 percent, more than three points higher than in 2007. While a study from the Federal Reserve Bank of New York found that of those recent college graduates who have managed to find work, more than 40 percent hold jobs that do not require a college degree; more than 20 percent are working only part-time; and more than 20 percent are in low wage jobs. Canadian economists Paul Beaudry and David Green of the University of British Columbia and Benjamin Sand of York University have documented a declining demand for high-skilled workers since 2000. They say, "high-skilled workers have moved down the occupational ladder and have begun to perform jobs traditionally performed by lower-skilled workers ...pushing low-skilled workers even further down the occupational ladder and, to some degree, out of the labor force altogether." If correct, their work might just turn conventional wisdom on its head. (For more on this story, click here.)

Do you think that a college degree is necessary for gainful employment and upward mobility? If so, check out our college search tool to find detailed information on more than 7,000 colleges including admission statistics, tuition and fees, financial aid and scholarships, academic majors and more. Not sure where you want to go to college? Check out our College Matchmaker.

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Legislation Seeks Student Protection on College Debit Cards

May 23, 2014

by Suada Kolovic

With graduation season in full swing on college campuses across the country, many of you are well-prepared and excited for this new chapter in your lives. So whether you've snagged a position in your field (way to go!) or have a coveted internship lined up, it seems as though things are all finally falling into place...until you realize that along with the crippling student loan debt you’ve accrued the past four years, you also have a ton of debit card debt. Yikes! Fortunately, Congress seems to be tackling predatory college debit card programs head-on.

The legislation – known in the Senate as the Protecting Aid for Students Act and in the House as the Curbing Abusive Marketing Practices with University Student Debit Cards Act – would prevent "revenue-sharing" deals between college and banks for college-issued deposit accounts/debit cards and would require that banks pay colleges at "market rate" to provide and promote their banking services. The bill also calls for a "code of conduct" for colleges that bans banks from giving gifts to college officials. "Many of today's college students are being strong-armed into using financial products that are endorsed by their university," lead House sponsor Rep. George Miller of California said in a written statement. "These products often carry unnecessarily high fees that chip away at students' federal grants and loans, which should be helping pay for classes, not lining the pockets of banks. In reality, these ‘preferred’ products aren’t preferable at all." (For more on this story, click here.)

What do you think of the proposed legislation? Were you tempted by every credit card promotion with a free t-shirt incentive while on campus? If so, check our Campus Life section for tips on credit card money management, resisting the urge to splurge and recognizing want vs. need to get back on track!

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Harvey Mudd College Makes History, Awards Majority of Engineering Degrees to Women

May 27, 2014

by Suada Kolovic

While it was once rare to see women in higher education, there are now more women than men attending college in the U.S.. And while most would argue that historically women have been underrepresented in the fields of science, technology, engineering and math (STEM), it seems we’re starting to turn the corner: Harvey Mudd College awarded more engineering degrees to women than men at its commencement ceremony on Sunday. Hot dog!

Harvey Mudd College, a Claremont, Calif.-based school renowned for its engineering programs, said 56 percent of its graduating class were female. College President Maria Klawe played a pivotal role in gearing a concentrated effort to raise the number of women studying in STEM fields since she took over in 2006 and Elizabeth Orwin, a professor of engineering and incoming chair of the engineering department, said she attributes part of the school’s success to having a large female faculty. "Harvey Mudd has a high percentage of women faculty in the engineering department, so female students have more role models and examples of different pathways through engineering,” Orwin said in a statement. "We also have a significant number of experiential learning opportunities which instill confidence early on in our students, which I think is particularly impactful for our women students." (For more on this story, click here.)

Though a lot of progress has been made, inequalities still exist between men and women: While women may be the majority of college students today, they still typically earn less than men and occupy a smaller percentage of high-paying jobs. The good news is there are organizations offering scholarships to women to try and close these gaps – to find additional information about scholarships, grants, internships and fellowships that can help women attend their college of choice, please conduct a free college scholarship search.

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STEM Graduates More Likely to be Employed...Just Not in STEM Fields

July 14, 2014

by Suada Kolovic

If you're a recent college graduate, chances are you're having a difficult time finding a full-time position in your field of study. It's nothing to be embarrassed about – times are tough and opportunities are slim – but you're not alone: According to new census data, though college graduates with degrees in science, technology, engineering or mathematics are more likely than other college graduates to have a job, most don’t work in STEM fields.

On Thursday, the U.S. Census Bureau's American Community Survey released data that showed nearly 75 percent of all holders of bachelor’s degrees in STEM disciplines don't have jobs in STEM occupations. Liana Christin Landivar, a sociologist with the Census Bureau, noted that the Census Bureau does not classify doctors as STEM professionals, which would also affect the overall percentages; she also said there are multiple reasons why students don't get STEM jobs. On a positive note, STEM degrees provide a wide range of career options, as students aren't shoehorned into one particular position. Anthony Carnevale, director of the Georgetown University Center on Education and the Workforce, said STEM degrees are becoming “universal degrees” and that the report is not an indication of an oversupply of STEM graduates. (For more on this survey, click here.)

Given the collective push across campuses nationwide to increase participation and graduation rates in STEM disciplines, have you been swayed into pursuing a STEM field? Would you accept an offer for a position that wasn't in your field of study? Share your thoughts in the comments section. And for tips on finding employment after college, building a resume and preparing for your first job out of college, check out Scholarships.com’s After College section.

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