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This week continues National Hispanic Heritage Month, and at Innovative Educators we want to ensure we honor this month as a time for reflection, learning and celebration of the diversity across the Latinx community. In 2019, 21.7% of undergraduates were Latinx, the second largest ethnic group enrolled at the undergraduate level.
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Impact of Education on Lifetime Earnings
Researchers at Georgetown University’s Center on Education and the Workforce released a new report this week which confirms that workers' median earnings rise with each additional level of education. “Those with less than a high school diploma earned an average of $1.2 million during their lifetimes, compared to $2.8 million for workers with bachelor's degrees and $4.7 million for workers with professional degrees.” The research reinforces that students’ majors significantly impact how much they make with engineers and architects having the highest paid careers and educators the lowest. However, the report also provides important information about the impact of student occupations on lifetime earnings. Researchers continue to advocate for extensive career counseling services.
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$2.9 million: The median lifetime earnings of an associate-degree holder working in a health practice occupation — a figure just higher than the median lifetime earnings for all bachelor's degree holders
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The 2020 census, completed during the height of the pandemic, has colleges and university officials worried about the impact of low completion rates. Institutions like Pennsylvania State University and Ohio University conducted extensive campaigns to encourage students to complete the census based on their college residence, but ultimately both municipalities saw decreases in residents according to recently released census data. Universities are concerned that low census counts could impact federal funding for local municipalities which in turn would cut financial resources for housing, education, transportation and healthcare initiatives in the community. The lower numbers could also affect federal support for hospitals, emergency response, police, public transportation and Pell Grants.
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The Department of Education announced on Wednesday plans to overhaul the Public Service Loan Forgiveness Program. One goal of the program is to keep a strong public service workforce by cancelling education debt for those public servants, like teachers, nurses and first-responders, after they have fulfilled 10 years of monthly loan payments. However, stringent rules have meant many public servants did not benefit from the program. The revisions to the initial Public Service Loan Forgiveness Program would bring relief to more than 550,000 student loan borrowers.
“Borrowers who devote a decade of their lives to public service should be able to rely on the promise of Public Service Loan Forgiveness.” - U.S. Secretary of Education Miguel Cardona
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This week Inside Higher Ed reports on a new four-year initiative between the Strada Network and 28 HBCUs. The goal is to "scale experiential learning and leadership development" opportunities for students and to assist in career preparation. The Strada Network, a nonprofit organization focused on student economic mobility, will invest $25 million across the institutions over four year. Each HBCU will name three students a year as Strada Scholars, and each of those students will receive an annual scholarship of $7,000. The partnership will also include a yearly meeting for HBCU presidents to share best practices.
Looking to learn more? These upcoming webinars may be of interest:
Telework In Higher Education: Managing & Supporting Faculty & Staff That Work Remotely 10/12
Mental Health: How To Identify, Intervene & Refer Students Exhibiting Anxiety, Panic & Stress 10/15
October 8, 2021
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