Is a certain university linked to a higher salary? Augustana College in Rock Island, Illinois, is among the first to be willing to cover that game for potential transfer students.
As reported on Monday by Inside Higher Ed, Augustana College is the first client of a company called Degree Insurance, which markets "American Dream Insurance" and helps schools ensure that a student can meet an expected salary after graduation. [19659002Specifically"incomeinsurance"willbethedifference-forfiveyears-betweenadoctoralstudent'ssalaryandtheexpectedsalaryofsomeonewiththeir
During the program, which will be tested on the first 20 transfer students applying this summer, each student must share federal tax returns with the company each year after graduation and after five years, the company will pay any difference between the student's expected income, according to principal and actual income, according to the article.
If a student's major was expected to deliver a job of $ 60,000 but the degree earned dollars per year, the income insurance is the difference in an accumulated lump sum of $ 25,000 at the end of five years, according to igt article.