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NEW YORK (CNNMoney.com) — College students gearing up to graduate this spring are likely to make less on their first job than those who got their degree last year, according to a report released Thursday.

The National Association of Colleges and Employers said that average salary offers to 2010 bachelor’s degree candidates are down 1.7% to $47,673, compared to $48,515 last year.

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WASHINGTON (CNNMoney.com) — The House voted 220-211 on Sunday to make Washington the one-stop-shop for cheap student loans and to boost funding for need-based scholarships.

While approving the overhaul of health care, the House also voted along party lines on another of President Obama’s top priorities: cutting out bank middlemen who collect subsidies to make education loans guaranteed by the federal government.

The people in college now a days don’t know if they can get a job now after they get out of school. Some of us are just wondering if after all the money they have spent is it worth it. Something has got to be done, but can the goverment do it. I think they have done enought to put us in a fix.
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James Tsai is the sort of MBA corporate recruiters covet. He went to a good prep school, earned a degree with honors from Middlebury College, and made vice-president in Bank of America’s international wealth management group at the age of 26. Today, Tsai is about to graduate, straight A’s in hand, from Northwestern’s Kellogg School of Management, a top-rated program in America. And he’s hustling to land his first post-MBA job — in China.

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NEW YORK (CNNMoney.com) — With teen summer employment expected to hit its lowest level since 1948, the federal government is pumping $1.2 billion in stimulus money into job training programs for youth.

The funds are aimed at providing disadvantaged 14-to-24-year-old youth with job training skills and schooling to better prepare them to continue their education or enter the workforce.

States are now implementing summer work programs to put their funding to use. Some are devising brand new efforts to train young adults, while others are expanding existing initiatives. The workers, who must be low income and meet certain at-risk criteria such as being a dropout or disabled, will be paid at least minimum wage.

Full Story At money.cnn.com

NEW YORK (CNNMoney.com) — The 2.3 million college grads in the class of 2009 are finding that starting a career in the current economic climate will require some sacrifice.

While 73% of recent graduates worry about finding work after graduation, 50% say they have already changed or plan to change their career path, according to the State of the Student Survey released recently by DeVry University.

But putting long-term goals on hold and taking a “bridge job” don’t have to derail a grad’s ambitions.