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Tuition vs Wages: Bittersweet Reality

College costs are rising and, with that, so is the cost of college loans. Currently, loan interest rates are 3.4% and may rise to 6.8%, if Congress does not act by July 1st, 2012. College tuition is rising by 8.3% on a YoY basis. Should the interest rates rise,

- 7.4 million students will see their college costs go up— about one out of every three college students in the country.

- The increase will cost the average college student about $1,000 more per year of school.

- As a result, the cost of college for the average borrower taking out full Subsidized Stafford Loans will increase by 20 percent next year.

Both sides agree that better financial aid mechanisms and loan provisions will make the economy stronger. Median weekly earnings for 25-34 year olds has fallen by 5% on a YoY basis since 2001. Based on the numbers, if the current situation continues, people will start questioning the value of higher education. We need a solution fast, not only for the 7.4 million students currently affected, but also for the 20 million overall student population. 

State of Create Study | Adobe

Are we creative at work? Are we unlocking our true creative potential? Which society is the most creative society in the world?

Adobe compiled a presentation based on research firm StrategyOne’s survey of 5000 adults across the US, UK, Japan, Germany and France. The complete study can be found by clicking on the following link

A few interesting things to note within the study on a country by country basis:

1. All European nations considered Japan to be the most creative country, while their respective countries ranked number 2.

2. The US ranked itself as number 1, ranking Japan as number 2.

3. Japan ranked itself as number 2, ranking the US as number 1.

Purely based on the pie charts, we can assume that Japan is an inherently humble and less attention centric culture. Additionally, most nations will always have a hidden and innate bias towards their own culture’s creativity, due to their own exposures and education. 

Free Use of World Bank Knowledge and Research

Effective as of July 1st, 2012, the World Bank will make its research and use of knowledge products free. This will include free access to not only thousands of articles, books and research reports, but provisions for unpenalized redistribution of World Bank material.

The Reality about Photographers and their Time

The era of twenty-somethings blindly stampeding their way towards law school seems to be finally, mercifully, drawing to a close.

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The Importance of Science

Science teacher and film-maker Alom Shaha sets out to uncover a genuinely satisfying answer to his students’ most common question: Why is science important?

(via climateadaptation)

Facebook Profiles Accurately Predict Job Performance

Do you want to know how that applicant you just interviewed will actually perform on the job? Check out her Facebook profile.

That’s the advice of a new study from the Northern Illinois University, the University of Evansville and Auburn University. The researchers recruited a group of four Facebook-savvy human resources professionals and students to evaluate the Facebook profiles of 56 users. The four perused each of the profiles for about 10 minutes each before grading them according to the so-called Big Five personality traits (openness, conscientiousness, extraversion, agreeableness and neuroticism).

Six months later, the researchers compared the evaluations of the 56 users’ work supervisors and found a strong correlation for traits including intellectual curiosity, agreeability and conscientiousness. The evalauations are, of course, subjective, but job seekers shouldn’t necessarily worry that they need to clean up their Facebook profile.

Can Robots Grade Essays As Well as Humans?

Essays have long been considered the gold standard for measuring students’ understanding of a subject. But because multiple-choice tests have been graded by machines, making them easy and relatively inexpensive to administer, these sub-standard assessments are primarily what schools use for standardized test.

But is it possible to combine the more nuanced understanding that essays give us with the ease of automated grading? The Hewlett Foundation would like to find out. Last month, the organization announced a $100,000 prize that will go to the software designer who can best create an automated essay grader. The goal, they say, is to find an efficient tool that will encourage schools to use essays more regularly for assessments.

(via infoneer-pulse)

How does Erin King apply to MIT? She puts her admissions package in a tube, fastens it to a balloon, and sends it 91,000 feet into near-space, of course.

Studies Show Education Gap Grows Between Rich and Poor

Education was historically considered a great equalizer in American society, capable of lifting less advantaged children and improving their chances for success as adults. But a body of recently published scholarship suggests that the achievement gap between rich and poor children is widening, a development that threatens to dilute education’s leveling effects.

It is a well-known fact that children from affluent families tend to do better in school. Yet the income divide has received far less attention from policy makers and government officials than gaps in student accomplishment by race.

Now, in analyses of long-term data published in recent months, researchers are finding that while the achievement gap between white and black students has narrowed significantly over the past few decades, the gap between rich and poor students has grown substantially during the same period.

(via infoneer-pulse)

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