When It Comes to Starting Salaries, All Students Are Above Average

Perhaps it has something to do with the crisis we face over the rapidly escalating cost of higher education and the resulting crushing amounts of student loan debt that Gen Y is bearing, but it shouldn’t come as much of a surprise to anyone that the average college student expects to earn an above average level of compensation upon graduation.
As a long-time Minnesota resident, I’ve become very familiar with Garrison Keillor’s Prairie Home Companion and his mythical Lake Wobegon skit. According to Keillor, in the town of Lake Wobegon, all the women are strong, all the men are good-looking, and all the children are above average. While that may be true in some towns, hopefully the children are of above average intelligence rather than have above average student loan balances.