Student debt now exceeds credit card and auto loan debt.
Student debt now exceeds credit card and auto loan debt.
““The most shocking thing is that many of us don’t even earn the federal minimum wage,” said Miranda…”
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“The most shocking thing is that many of us don’t even earn the federal minimum wage,” said Miranda Merklein, an adjunct professor from Santa Fe who started teaching in 2008. “Our students didn’t know that professors with PhDs aren’t even earning as much as an entry-level fast food worker. We’re not calling for the $15 minimum wage. We don’t even make minimum wage. And we have no benefits and no job security.”
Over three quarters of college professors are adjunct. Legally, adjunct positions are part-time, at-will employment. Universities pay adjunct professors by the course, anywhere between $1,000 to $5,000. So if a professor teaches three courses in both the fall and spring semesters at a rate of $3000 per course, they’ll make $18,000 dollars. The average full-time barista makes the same yearly wage.
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– Professors on food stamps: The shocking true story of academia in 2014.
Should you apply for Obama’s student-loan relief?
Should you apply for Obama’s student-loan relief?:
Millions of cash-strapped Americans may soon be able to reduce their monthly student loan payments thanks to a proposal President Obama will make Monday. But just because you can cut payments, doesn’t mean you should.
Oh wait, even if you wanted to, you probably can’t.
That means that the school that cost someone $40,000/year in…
That means that the school that cost someone $40,000/year in 2013 will more than double to $90,000 by 2030. That adorable toddler whose every move you’re documenting on Facebook could be putting you in the poorhouse in 17 years when he starts working on his degree in Frisbee history.
