A Recession Survival Guide for Recent College Graduates


By the numbers: Tuition vs. Salary

I know I have been a downer lately to hopeful, humanities-filled hearts out there.  But as I learned on my 72-hour escapist bender, it is important to maintain some realistic perspective in order to power through this bout of unemployment.  

As I sat on my slowly deteriorating air mattress, filling out hardship deferment forms for my student loans (notable consolation prize for being a broke Millennial), this little nugget of realistic perspective dawned on me:

One year of tuition, room and board, and “fees” at my alma mater* = $48,468

One year average entry-level salary for an administrative assistant**  = $30,000

Realizing how many years it will take for my salary to equal the cost of my tuition = priceless.

 

*In all fairness, most students, myself included, receive some form of financial aid from BU.  (If the tuition weren’t so high, would the school need to distribute so much aid?)

**For those with liberal arts degrees.  (You have a couple of internships?  That’s cute – so does everyone else.)


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