College Is Worth It
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Why You Should Really Go To College, In 2 Charts

2/20/2015

 
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Just how much is college worth? About twice as much as it was in the 1960s, according to the latest Economic Report of the President, a report released annually by The White House. Among the topics examined was the college wage "premium," which serves as an indicator of the economic value of a college degree. This figure is calculated by finding the difference in income between college graduates and those with only high school degrees. The following chart shows the change in the college wage premia for men and women from 1963 to 2013. 


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The New Bachelor’s Payoff

2/11/2015

 
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A new report from Georgetown University found that current labor trends may lead to higher paying jobs for college graduates in the near future. Graduates with bachelor's degrees or higher currently have half the unemployment rate of the general population, and employment prospects for college graduates are only forecasted to continue to improve. According to Anthony P. Carnevale, Director of Georgetown's Center on Education and the Workforce, "We're headed for full employment" of bachelor's degree holders.
Read a summary of the report here. 

College Graduates Don't Think Their Degree Pays Off. They're Wrong.

2/10/2015

 
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Think college isn't worth it? You're not alone, according to a new report from Nielsen. Based on a survey of 2,000 people--900 of whom were college graduates of various ages--the authors found that a majority of college graduates believe college offers a lower return on investment compared to a decade ago. However, what is popular is not always right; as Bloomberg's Natalie Kitroeff asserted: “In reality, not going to college is far more expensive than ending your education at high school. The difference comes to hundreds of thousands of dollars.”
Read the full article here.   

Three Reasons College Matters for Social Mobility

2/6/2015

 
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Higher education has long been tauted as the key to the middle class, and there is plenty of data to prove it. Researchers at the Brookings Institution have distilled the issue down to three distinct reasons why attending (and graduating from) college has such a strong impact on social mobility.


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Undergraduate Student Loan Calculator

12/22/2014

 
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Ever wonder how much the average philosophy major has to pay toward his/her student loans? Now you can know, using this interactive calculator from Brookings. Utilizing college-major specific earnings data from the US Census Bureau, the Undergraduate Student Loan Calculator shows typical debt burdens (as a percentage of income) for over 75 majors during the decade following graduation.
Access the calculator here.

The College Trap that Keeps People Poor

12/15/2014

 
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College is the key to upward mobility, according to Jim Trankersley from the Washington Post. Of those born in the bottom of the income ladder, 9 of every 10 who graduated from college moved up economically later in life. In contrast, only half of children without a college degree make the same leap.
Read the full article here.

Gallup: Older College Graduates Don't Earn Less

12/4/2014

 
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It's never too late to earn a college degree, according to US News & World Report and Gallup. In fact, according to a US News analysis, older college graduates don't earn less than traditional-aged graduates. 
Read the full article here.

Surprise: Humanities Degrees Provide Great Return on Investment

11/20/2014

 
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Humanities degrees are rarely praised for their practicality. Indeed, numerous policy leaders, and even President Obama, routinely push STEM fields. The perceived earnings picture for graduates of the humanities is usually thought of as even more bleak. This is hardly the case, however, according to Forbes’s Jeffery Dorfman. In fact, English, French, history, philosophy, and political science graduates have an average return of about 300-700% on their college investment. 
Read the full article here. 

Why Student Loan Rhetoric Doesn't Match the Facts

7/17/2014

 
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Matt Chingos of the Brookings Institution discussed the report he co-authored with Beth Akers, which found that although average student loan balances have increased over the last 20 years, so have earnings--and significantly so. Chingos also discussed the fact that affluent households hold a disproportionate share of education debt. "An era in which students from low-income families used loans to supplement grants has given way to a system dominated by the wealthiest Americans, many of whom were born to affluent parents." According to Chingos, this phenomenon may be misguiding the debate over the value of college. 
Read the full article here.

Do the Benefits of College Still Outweigh the Costs?

6/30/2014

 
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There's little doubt that a post-secondary education leads to better earnings in the long-term. However, many question if these earnings are enough to overcome the costs of a college degree. Two economists at the Federal Reserve Bank of New York have a simple answer to the question, 'Is college worth it?' That answer is yes. In fact, both bachelor's and associate's degrees carry an average return on investment of roughly 15 percent, even in today's uncertain economy. 
Read the full article here. 

Is College Worth It? Clearly, New Data Say

5/27/2014

 
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In spite of an uncertain economy, college is well worth the investment. As David Leonhardt wrote, "The pay gap between college graduates and everyone else reached a record high last year...Americans with four-year college degrees made 98 percent more an hour on average in 2013 than people without a degree." 
Read the full article here. 

Google's Eric Schmidt On Critics Who Say College Isn't Worth it: "They're Just Wrong"

3/16/2014

 
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Bill Gates & Mark Zuckerberg both created their empires without a college degree, which leads many to argue that college isn't worth its rising cost. Google Chairman Eric Schmidt vehemently disagrees with this logic: "The economic return of higher education over a lifetime produces significant compound greater earnings...Despite the debt, it's a wise investment for many students." 
Read the full article here.

6 Key Findings About Going to College 

2/11/2014

 
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Andrea Caumont detailed six interesting findings about higher education: 
  1. A college education is worth more today than
    in the past.
  2. College benefits go beyond earnings.
  3. College grads are more satisfied with their jobs.
  4. The cost of not going to college has risen.
  5. College grads say their investment was worth it. 
  6. College majors matter when preparing for a specific career field. 
Read the full article here. 

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