11/01/2010 05:12 am ET Updated May 25, 2011

Albion College Guarantees Grads Jobs

Albion College, a small Michigan liberal arts college, may be the first institution of its sort to guarantee students "meaningful employment" after graduation.

It's a significant gesture: the nation is mired in a sluggish economy, and families are questioning the wisdom of sending a child off to study philosophy or Russian history at a $40,000-a-year private college to prepare them for a job preparing foamy coffee drinks.

Read more on College Inc.