These Students Are Making Even More Than They Expect After Graduation

These Students Are Making Even More Than They Expect After Graduation

By Beth Braverman

College students who major in STEM fields generally know that they can make more money than their peers once they graduate, but they don’t know how much more.

Turns out, those students majoring in science, technology, engineering and math, actually have starting salaries that are higher than expected, according to a new report by the National Association of Colleges and Employers.

Engineering majors, for example, expect to earn $56,000, but actually receive 15.5 percent more than that, with starting salaries average nearly $65,000. Computer Science majors expect to make around $51,000, but receive 22 percent for an average starting salary of $62,000.

Chemistry majors have the largest gap between expectations and reality: They expect to earn an average of $39,000 but take home an average $58,000 in their first year, a 51 percent increase.

Related: The Closing of the Millennial Mind on Campus

The typical college graduate in 2014 received a starting salary of $48,000. Liberal arts and humanities majors had the lowest starting salary, with an average of just $39,000, according to NACE.

Not only do STEM majors enjoy higher salaries, but they can also expect more job security and better job prospects. All of the top 25 jobs recently compiled by U.S. News and World Report fell into either a science- or math-based discipline.

Still, not everyone has the interest or aptitude to excel in a STEM career. A third of those who begin their college career majoring in those fields end up transferring to a difference study area, according to a recent report by RTI International.

This Computer Only Costs $9

Flickr/Mark Ramsay
By Christina Medici Scolaro, CNBC

It's smaller than a credit card yet powerful enough to act like a super cheap PC. How cheap? It costs less than $10.

C.H.I.P. is a micro-computer that allows you to surf the Web, check email over Wi-Fi and play games with a Bluetooth controller. The minicomputer—basically a chip that hooks up to an external monitor—has a 1 GHz processor, 4GBs of storage and 512MB of RAM, according to its Kickstarter page.

The Next Thing Co., a company based in Oakland, Calif., began a Kickstarter campaign for the C.H.I.P. computer in May with a funding goal of $50,000.

Related: 10 Biggest Tech Flops of the Century

It has since blown past that goal, and by a large factor. The campaign has brought in just under $690,000 and counting as of Monday morning. The fundraising campaign ends June 6.

The small computer is designed for a mass audience, including students, teachers, grandparents, children, artists, makers, hackers and inventors, according to its Kickstarter page.

Raspberry Pi is another full-functioning, no-frills computer. Like C.H.I.P., the Raspberry Pi is basically a computer chip that plugs into a computer monitor or TV. It costs $35 and uses a standard keyboard and mouse.

Raspberry Pi teaches users how to program in languages like Scratch and Python.

This article originally appeared on CNBC.
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Craigslist Car Scams Are on the Rise, Especially in Midwest

REUTERS/Mario Anzuoni
By Beth Braverman

An insurance group is warning consumers of a widespread scam in which fraudsters are buying cars on Craigslist with bogus checks. 

The National Insurance Crime Bureau has identified nearly 100 instances throughout the Midwest of Craigslist car sales in which the buyers used fake bank checks. 

“These scams are well organized and have all the appearances of being legitimate,” NCIB President and CEO Joe Wehrle said in a statement. “But in the end, the criminal gets the car and the sellers or their financial institutions are left on the hook for thousands of dollars still owed on the car.” 

Related: A New Vicious Scam Targets Desperate Homeowners 

The scam appears to be especially prevalent in states where vehicle owners retain the title despite an outstanding lien. NCIB, a nonprofit supported by the insurance industry, advises car sellers never to sign over the title until they have the money for the sale in hand, even if that means waiting a week or more for a check to clear. 

Craigslist offers its own list of tips to avoid scams. Remember, the online marketplace offers no guarantees regarding items bought or sold via its site and little recourse if you are the victim of a scam. 

The site’s No. 1 tip is to do all transactions in person. A growing number of police stations now offer dedicated space for people meeting in person for transactions they’ve agreed to online. 

Those with information about insurance fraud or vehicle theft can anonymously report it by calling 800-835-6422 or texting keyword “fraud” to TIP411.

15 Restaurants Offering Free Food for Moms on Mother’s Day

How much more Americans spend on Valentine’s Day compared to <a href="http://www.thefiscaltimes.com/Articles/2010/05/07/The-Value-of-Celebrating-Mom.aspx#page1" target="_blank">Mother’s Day</a>.
iStockphoto
By Rebecca Lehmann, Brad's Deals

Your Mom was the one who taught you to head straight for the clearance racks. Show her how much you've learned by taking her out for some deliciously cheap eats before taking a free garden tour.

Related: 10 Worst States for Working Mothers

Mother's Day Freebies 2015

As always, local participation may vary, so call ahead to check - and then make reservations if you can.

This article originally appeared in The Brad's Deals Blog.
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This Disease Hikes Health Care Costs By More than $10,000 a Year

Client Sanon has her finger pricked for a blood sugar test in the Family Van in Boston
REUTERS/Brian Snyder
By Beth Braverman

Medical professionals and economists have been worried about the growing prevalence of diabetes for years. A new report shows their concerns are well placed. In 2013, the per capita health care bills of consumers with diabetes was $15,000, nearly 71 percent ($10,700) higher than those without the disease, according to the Healthcare Cost Institute

The brunt of those bills are borne by health care providers, but consumers with diabetes have per capita out-of-pocket costs of $1,922, compared to just $738 for those who do not have diabetes. 

For those under the age of 65, health care expenses grew an average 4.1 percent from 2012 to 2013, but the increase was even higher among children, who saw expenses rise 7 percent from 2011 to 2012 and then another 9.6 percent from 2012 to 2013.

Related: Diabetes Detection Up in Pro-Obamacare States

“There has been extraordinary growth in health spending for children with diabetes,” HCCI senior research Amanda Frost said in a statement, citing branded insulin as one factor in the increase. 

For children, the costs go beyond medication. A 2012 study in Health Affairs found that people who develop diabetes before age 30 make less money than their peers, are more likely to drop out of high school and less likely to attend college. 

One of the most widespread chronic diseases in the United States, diabetes care consumes about 10 percent of U.S. health care spending, according to a study by the University of Michigan.

This College Choice Could Make You $3Million Richer

iStockPhoto/The Fiscal Times
By Beth Braverman

The differences in starting salaries for STEM majors versus those who study the humanities have been widely publicized. Now, a new study looks at how those differences add up over a lifetime of earnings – and the results are staggering. 

The lowest paid graduates, early childhood education majors, earn just $39,000 annually mid-career, while the highest paid petroleum engineering majors, make an average of $136,000 per year. Over a career, that difference amounts to more than $3 million, according to the report The Economic Value of College Majors by economists at Georgetown University. 

Among the major fields of study, architecture and engineering students earn highest average salary--$83,000 per year, and education majors earn the lowest--$45,000 per year. 

Related: 10 Public Universities with the Worst Graduation Rates 

The study finds that generally it’s still worth it to go to college. The average bachelor’s degree holder makes $1 million more over a lifetime than a person with just a high school diploma. 

A separate report released last fall by the Federal Reserve Bank of New York found that the value of a bachelor’s degree has reached an all-time high of around $300,000. Researchers found that it takes about 10 years to recoup the cost of a degree, a historically low level, down from close to 25 years in the late 1970s and 1980s. 

So those education majors should still go to college, but they might be smart to look for more moderately priced options and to be more wary about taking on debt than their engineering peers.