DAYTON, Ohio (WDTN) — It’s officially cap and gown season, and as school wraps up, recent college graduates across the country are venturing into the workforce — some for the first time.
However, that paycheck after graduation is proving to be less profitable than imagined.
Some Gen Z undergrads expect to make nearly $85 thousand within a year of graduation, with some refusing to work for less than $72 thousand.
What is the average income level of a recent college graduate?
The reality is that the average starting salary for recent college grads is roughly $55 thousand annually, setting up the generation of job seekers for disappointment.
43 percent of survey respondents said that they will graduate with at least $30 thousand or more in student debt, with nearly 1 in 3 graduating with $50 thousand or more, according to the study.
Last week, House Republicans passed a resolution to overturn President Joe Biden’s $400-billion student debt relief plan, which would cancel up to 20 thousand dollars for borrowers, according to The Hill.
The U.S. Supreme Court is expected to make a final decision about the plan by the end of June.