A new study breaks down exactly how hard it is for former students to pay off their student loans based on what their chosen major. While some of the results are predictable, the research sheds new light on exactly how tough it can be for new grads in certain fields. The Brookings Institution’s Hamilton Project crunched the numbers on more than 80 different majors to determine how much graduates typically earn right out of school as well as a decade later, and how that affects their ability to pay off their student loans.
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Glennon, the author of Unquenchable: America’s Water Crisis and What to Do About It and a recent Hamilton Project paper titled Shopping for Water, says most people do not even think about their daily water use.
Policymakers Often Overstate Marginal Tax Rates for Lower-Income Workers and Gloss Over Tough Trade-Offs in Reducing Them
As reflected in the Lee-Rubio op-ed, some in Washington are focusing more attention on the issue of how both tax-based and safety net program benefits for low- and moderate-income families phase down in response to higher earnings, how the phase-down translates into what are known as “marginal tax rates” (as explained below), and how those rates affect the work habits of beneficiaries. This issue surely deserves attention. However, some overstate the magnitude of these tax rates — as Senators Lee and Rubio did — and their impact on employment while overlooking the tough trade-offs involved in trying to reduce these rates.
A college major is shown to affect earnings, but a new study shows its effect on something else: the ability to pay back student loans. The analysis, from the Brookings Institution's Hamilton Project, highlights an interesting pattern when it comes to post-college earnings for graduates with different types of degrees.
Al principio del libro toma un diagrama del Proyecto Hamilton del Brookings Institution, el centro de investigación estadounidense, que demuestra cuán dramáticamente ha caído el costo del poder de computación en los últimos 70 años.
The calculator, from the Brookings Institution's Hamilton Project, looks at your loan, interest, term, and whether you plan on making any additional monthly payments. What's really helpful about this calculator, though, is that it takes your undergraduate major into account—sorry grad students.
When our son was born two years ago, my right-handed wife prayed he would be a lefty, because she believed lefties were disproportionately talented. It seems that he is left-handed, as am I and my older son, but new research suggests that may not carry the benefit my wife thought it would. About 12 percent of people globally are southpaws. You’re more likely to be one if you’re male than female and if your mother was left-handed. Lefties’ brain structure and use appear to differ from righties. For example, the neural fibers connecting the left and right sides of the brain (the corpus callosum) are larger in lefties. And lefties differ in how the brain responds to language.
During the last several decades, income inequality in the United States has increased significantly – and the trend shows no sign of reversing. The last time inequality was as high as it is now was just before the Great Depression. Such a high level of inequality is not only incompatible with widely held norms of social justice and equality of opportunity; it poses a serious threat to America’s economy and democracy.
There are several studies that back up proponents of a later high school start. The Hamilton Project, an public policy initiative of the Brookings Institute, in 2011 released a study on the advantages of later high school starting times. In “Organizing Schools to Improve Student Achievement.” In it, the authors of the study concluded that the move is a lower-cost option that reaps important benefits, especially in lower performing school districts.
Intertwined with many of the cultural and familial changes are changes in the work lives and financial prospects of people without a college degree. The economic prospects of this large group have fallen over the past several decades, especially among men. In 1967, nearly every prime-age American man with only a high-school diploma was working; today, about one in five is idle. According to Michael Greenstone, an economist at MIT, real median wages of men have fallen 28 percent since 1969, once you account for the men who have washed out of the workforce altogether.
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A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.