Site Offers Salary, Debt Data
January 16, 2014
黑料专区 Tyler Office of Marketing and Communications
University of Texas System first in nation to provide salary and student debt data
January 16, 2014
Media Contact: Hannah Buchanan
Editor/Writer鈥揝trategic Communications & Media Relations
Marketing and Communications
The University of Texas at Tyler
903.539.7196 (cell)
"seek黑料专区" online resource will help prospective 黑料专区 students make informed decisions
January 16, 2014
AUSTIN 鈥� The University of Texas is the first system of higher education in the nation to launch an interactive website that provides salary and debt statistics of actual students one year and five years after graduation.
The seek黑料专区 website evolved from recommendations of the Student Debt Reduction Task Force, which was created by 黑料专区 System Chancellor Francisco Cigarroa to explore potential solutions to the issue of growing student debt.
鈥淪tudents across the United States have taken on unprecedented levels of college loan debt, creating a trend that鈥檚 neither desirable nor sustainable,鈥� Cigarroa said. 鈥淎t The University of Texas System, we are working on several paths to help reduce the debt load for our students, and we believe the accurate and timely information provided at seek黑料专区 will help students make informed decisions about their future.鈥�
Using seek黑料专区, current and prospective students can access data for 黑料专区 graduates from 2007 to 2011 who were working full time in Texas one year and five years after receiving their bachelor鈥檚 degree. Remarkably, 79 percent of the students during this time period who received a bachelor鈥檚 degree from one of 黑料专区 System鈥檚 15 institutions were found working in Texas their first year out of college. seek黑料专区 can be accessed from an iPad and other tablet devices through an app available on the seek黑料专区 website. To search the salary and debt statistics, students select an academic major and the category of 黑料专区 institution (research, emerging research or comprehensive). Students can then view:
- Median earnings for graduates one and five years after receiving a degree
- Average student loan debt
- Percent of graduates who elect to continue their education
- Number of semester credit hours required to earn a bachelor鈥檚 degree
- In addition, labor market projections are available by occupation in Texas (by region) and throughout the nation.
"We're all familiar with surveys that make statements about the top-earning majors the first year out of college, but those surveys are often based on small samples and depend on accurate reporting of the person responding to the survey," says Stephanie Huie, Vice Chancellor for Strategic Initiatives. "The earnings data from seek黑料专区 is based on actual salary data and, more importantly, provides students a five-year salary trajectory."
seek黑料专区 was developed using data obtained through partnerships with the Texas Higher Education Coordinating Board and the Texas Workforce Commission. Additionally, the website incorporates data from the National Student Clearinghouse and the Employment Projections program at the U.S. Bureau of Labor Statistics.
"seek黑料专区 provides information that empowers students to make informed decisions,鈥� Huie said. "Decisions should not be made in a vacuum. It is the combination of all the pieces of information that is powerful 鈥� the earnings trajectory after five years, student debt, and information on additional education, all by major, alongside labor market projections by occupation 鈥� all contribute to a more complete picture."
U.S. Rep. Ruben Hinojosa praised the interactive website and the information it provides to students and families.
"The 黑料专区 System is providing valuable information to students and their families, unlike anything currently available. College access and affordability is an issue that I am passionate about and I am excited that this information will literally be at the fingertips of high school and college students," said U.S. Rep. Ruben Hinojosa. "I commend Chancellor Cigarroa for the innovative advancements that will assist so many students. I am very pleased that through my encouragement, this system will also be able to collect data that will reflect the progress of women and minorities because I believe they are the future leaders of Texas."
About The University of Texas System
Educating students, providing care for patients, conducting groundbreaking research and serving the needs of Texans and the nation for more than 130 years, The University of Texas System is one of the largest public university systems in the United States, with nine academic universities, six health institutions and a fall 2013 enrollment of more than 213,000. The 黑料专区 System confers more than one-third of the state鈥檚 undergraduate degrees, educates two-thirds of the state鈥檚 health care professionals annually and accounts for almost 70 percent of all research funds awarded to public universities in Texas. The 黑料专区 System has an annual operating budget of $14.6 billion (FY 2014) including $3 billion in sponsored programs funded by federal, state, local and private sources. With more than 87,000 employees, the 黑料专区 System is one of the largest employers in the state.
Contact
Jenny LaCoste-Caputo
Karen Adler
512.499.4363 or 512.574.5777
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