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Did Your College Mislead You About Job Prospects? It Might Become Far Easier to Have Your Loans Forgiven

Nearly every college boasts about its job-placement rate for new graduates, and most of the time you won’t find a number less than 90 percent.

To get to that number, colleges survey their graduates six months after college graduation, and nearly half of the schools never ask their graduates that question again. In many cases, just one-third of graduates even answer such surveys.

Few colleges examine the percentage of students who found jobs but are underemployed in part-time work or gigs that don’t require a degree, and few find out what happens to those students five or 10 years after graduation. Either universities don’t know the answer or they don’t want anyone else to know it.