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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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.   

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.

Why We Are Looking At The 'Value' of College All Wrong

11/17/2014

 
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President Christopher B. Nelson, of St. John's College, penned an editorial in The Washington Post that sought to defend the value of a Liberal Arts education. Wrote Nelson, "The lens of economics distorts our judgment about the true worth of higher education. The things that matter most in education...do not fit this [economics] paradigm. They are not scarce, and yet they are extremely valuable—indeed they are among the most valuable in human life. They do not become scarce by being shared. Instead, they expand and grow the more they are shared."
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. 

How College is Like Sunscreen

6/24/2014

 
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"College in today's economy is like sunscreen on a scorchingly hot afternoon: You have to see the people who didn’t apply it to fully appreciate how important it is. The same way a blistering sun both makes sunscreen feel ineffective and makes it more crucial than ever, recessions can both make a college degree seem ineffective and make it more important than ever." --Derek Thompson, The Atlantic
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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