Almost half of working college graduates in 2010 held jobs that didn't require a college degree, according to a recent study. This bleak reality has prompted some schools to desperately defend their worthiness, avoid the issue altogether, or completely lie about their post-graduate employment rates. But one school is taking a different tack: guaranteeing their students a job.Davenport University, a private university with 11 campuses in Michigan, and a focus on business, health and technology, plans to offer a contract to students, reports news website MLive.com, pledging that if they do not find a job in their major after graduation, they are entitled to more education and training at Davenport free of charge. Undergraduate tuition is $15,840 a year.
It's part of the university's multi-pronged strategy to grow enrollment and reduce its startling drop-out rate. According to government tallies, the school's graduation rate stood at a dismal 25 percent in 2011.
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But not every class-skipping stoner can win an extra year of studenthood. The program, which administrators hope to institute by 2015, requires participating students to earn at least a 3.0 GPA, do an internship and look for a job in a certain area. "It doesn't say that if you're in Flint, and you graduate with a bachelor's degree in accounting that you'll get a job in Flint," university President Richard Pappas told MLive.As grim unemployment rates made more youths question the wisdom of dumping thousands (or hundreds of thousands) of dollars into their education, a few other colleges have come up with similar pledges. Capitol College in Maryland offers graduates in science, technology or business dozens of tuition-free credits if they don't find a good job within 90 days of commencement, while Thomas College in Minnesota gives unemployed graduates two years of free learning.
Some analysts have raised an eyebrow at these plans. As Jason Delisle, director of the Federal Education Budget Project at the nonpartisan think tank, the New American Foundation, told MLive: "It's sort of like saying to someone, 'we guarantee our product, and if it doesn't work, we promise to give you more of it.' "
But these colleges are at least demonstrating some commitment to the ultimate fate of their students, so that graduates don't end up burning their diplomas for warmth.
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Source: http://jobs.aol.com/articles/2013/02/22/davenport-university-job-guarantee/
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