News reporting has lost thousands of jobs over the past decade, with a further slide predicted. Yet, journalism schools continue to churn out heavily indebted master’s degree graduates hoping to find a footing in the cratering industry.
Many students leave even the most prestigious private graduate programs, such as those at Northwestern University, Columbia University and the University of Southern California, with earnings too low to let them make progress paying off their loans, according to a Wall Street Journal analysis of Education Department figures released this year.