Estimates from the New York Federal Reserve indicate that recent college grads have faced higher unemployment rates than other workers, a shift from typical historical patterns. What’s more, roughly 40% of recent college grads are considered “underemployed,” meaning they are not working in a college-level job. With those sobering statistics in mind, it’s not surprising that more than half of Americans no longer believe college is worth the cost. We believe internships are a crucial component of translating the college experience into a career. One year after graduation, students who completed a paid internship, for instance, earn $3,000 more than those who didn’t have one.
