A summer job for a college student isn’t what it used to be.
Anya Kamenetz from NPR’s education team explored the economics of rising college costs over the years—and the comparatively creeping change in minimum wage. What she found is that a summer job just doesn’t cover what it used to:
“Let’s look at the numbers for today’s public university student. They’ve all changed in the wrong direction. In 2013-2014, the full cost of attendance for in-state students was $18,391. The maximum Pell Grant didn’t keep pace with that. It’s $5,550. That leaves our hypothetical student on the hook for $12,841.”
You can read the full story here and listen to the conversation from All Things Considered: