1. Edumacated

    College Degrees Reach New Record

    ADVANCE FOR RELEASE WEDNESDAY, SEPT. 14, 2011, AT 12:01 A.M. EDT - FILE - In this Saturday, Aug. 6, 2011 file picture, students attend graduation ceremonies at the University of Alabama in Tuscaloosa, Ala. The number of borrowers defaulting on federal student loans has jumped sharply, the latest indication that rising college tuition costs, low graduation rates and poor job prospects are getting more and more students over their heads in debt. The national two-year cohort default rate rose to 8.8 percent in 2009, from 7 percent in fiscal 2008, according to figures released Monday, Sept. 12, 2011 by the Department of Education. (AP Photo/Butch Dill)

    Butch Dill/AP

    The number of Americans with college degrees has skyrocketed to its highest point on record after two decades of sluggish growth, a new report reveals. As of last year, 33.5 percent of Americans held a bachelor's degree, up from 24.7 percent in 1995 and 21.9 percent in 1975. Two-year degrees, master’s degrees and doctorates have also risen. The shifting picture is due to the past several years of recession, which made jobs difficult to find, as well as the emergence of new types of jobs that require more education. College completion has risen more quickly in the past decade for young women than for men, and has increased significantly among young black and Hispanic Americans.

    Read it at The New York Times