Most known about the large wage premium that comes from college degrees for those who capture jobs that require such degrees. But what about those who do not capture those jobs, and wind up in jobs that do not require college degrees? Believe it or not, those graduates also wind up making quite a bit more. Jared Bernstein provides this table:
So even as students graduate into a bad economy and cannot find the jobs they had hoped for, college still generally pays. This is yet another reason why student issues are not really poor people issues.