Believe it or not, the downhill slide towards graduation is underway for college seniors. On the flipside, high school students are finalizing their plans for college and some college students are setting up for graduate school. In the midst of this, NPR ran this item last week on a law school that is boosting its rate of employed graduates by simply employing them. Feel free to spend 5 minutes listening to the whole thing:
These students get a stipend from the school to work for nonprofits or in public service. That stipend can come out of the school’s budget or sometimes alumni donations. And when a school hires its own students, it can bump up its ranking. William and Mary Law School, for example, jumped nine spots this year. It employs 20 percent of its students on a fellowship program.
The school’s dean says the program helps students succeed by showing potential employers what they’re capable of.
Needless to say, critics call the program self serving. I see it as a win-win-win situation.
Of course the college wins! They do better on the metric of what percentage of students are employed after graduation, and can boast about it on marketing materials. Further, they can point out that these students are employed in their profession at decent wages that can pay their student loan debt, not minimum wage burger flipping jobs. The college gets a further win in the business community because employers will know exactly what the can expect out of new graduates. This sort of information improves the school’s reputation.
Students win too: they get a job! Even better, they get a job that will jump start their resume and give them references for future job searches. Student loans get paid, they don’t have to live with mom and dad, lower stress, and so much more in an environment where there’s a tough job market. Some of these one year temporary positions even end with an offer of full time work in a similar position.
The overlooked third win is the nonprofit or public service organization that takes on these new grads. Many of these organizations do great work in their communities on a shoestring budget. This program means work gets done that might not be done at all if they had to hire an established professional at prevailing wages.
You’d have to be a real cynic to avoid seeing that the benefit is more than a jump in school ranking. If you really value the work ethic and honestly think that education is the key to success, then you really have to like this program.
In Closing: a couple Vegas items; save this for next year; a school tries doing something sensible; the importance of microbiota; privacy, surveillance, NSA, fake reforms, terrorism, yadda yadda yadda; petty Putin; exercise is good for you; on the minimum wage and poverty and the real center. Have a great weekend, folks.