This spring’s college seniors are about to set another record for student debt. But they’ll also be seeing a pretty good return in the form of high starting salaries.
Wall Street Journal staffer Josh Mitchell taps into a new analysis by higher-education expert Mark Kantrowitz that estimates that seven in 10 seniors set to graduate this spring will owe an average $37,172 of student debt as they graduate and look for work in the real world. Mitchell writes, to about other research that shows the other side of the ledger: Salaries are rising for new college graduates.
Americans who earned a bachelor’s degree last year landed a job with an average starting salary of $50,651, according to the National Association of Colleges and Employers. That was 5% above the average starting salary for 2014 grads. The figures are based on student surveys conducted at 60 colleges.