What are the Bene ! ts of a College Education?
Show Me the Money!
In 2016, the median earnings of young adults with a bachelor's degree ($50,000) were 57 percent higher than those of young adult high school completers ($31,800). The median earnings of young adult high school completers were 26 percent higher than those of young adults who did not complete high school ($25,400). Over a lifetime, a college graduate can out-earn a worker with only a high school diploma by more than a million dollars and the gap continues to widen. College graduates build more wealth and ! nancial security faster and more easily.
Better pay is one of the life-long benefits of a college education
*Source: IES National Center for Education Statistics
Who’s the Boss? (Hint: Probably not you, if you didn’t get a college education.)
Most jobs in the best paying industries now require a college education. Without one, it’s very hard to compete with other applicants. The better paying (and more interesting) jobs go to college graduates. A high school graduate faces at least 50 years in the workforce before retirement. Without a college education, or some formal postsecondary training, you are far more likely to be stuck in low level, low paying jobs . Imagine working a dead end job year after year, watching college graduates climb the career ladder ahead of you. That’s not an enjoyable prospect to face for a lifetime. If you think you
can get to the top of the career ladder without a college education —
you’d better think again.
PREVIEW
Unemployment s*cks!
College educated people have lower rates of joblessness than those with only a high school diploma. For example, at 3 percent, the unemployment rate was lowest for those who has gone to college and earned a bachelor's or higher degree. Young adults with some college education but no college degree had a 4 percent unemployment rate. Those who had completed high school had a 7 percent unemployment rate. Those who had not completed high school faced a whopping 13 percent unemployment rate!
Lower unemployment is a benefit of a college education
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THE 21 ST CENTURY STUDENT’S GUIDE TO COLLEGE
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