College Graduate Statistics
The National Center for Educations Statistics (NCES) predicts that the college Class of 2015 will include 1.86 million students graduating at the Bachelor Degree level. Research concludes that the outlook for the job market for college graduates is good in 2015 as more companies are looking to hire a better skilled workforce. Data shows that U.S. employers plan to hire 9.6% more college graduates in 2015 than in 2014.
The average salary projections for the bachelor degree broad categories of majors for the Class of 2015 are as follows:
- Engineering - $62,998
- Computer Sciences - $61,287
- Math and Sciences - $56,171
- Business - $51,508
- Agriculture & Natural Resources - $51,220
- Healthcare - $50,839
- Communications - $49,395
- Social Services - $49,047
- Humanities - $45,042
It has been estimated that the current outstanding student debt in the United States totals roughly $1.12 trillion. According to information released by Experian, 39% of that debt is in the deferment period (time during which payments are not obligatory) and 61% of the debt is in the repayment stage. The average payment per month on student loans in the repayment stage is approximately $279 per consumer.
Additional student debt data:
- 69% of college graduates have taken out student loans
- In 2015, the average student will leave school $33,000 in debt
The graph above is a comparison of the household average college tuition in Central Pennsylvania counties. The data represents the actual household average in 2008 and 2014 and the projected average for 2019. From 2008 to 2014, the household average college tuition in Central Pennsylvania counties increased approximately 45.3%, while the 2019 figures suggest an increase of 73.9% over 2008.