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Does Investing In College Pay Off?
Definitely Yes - And Here Is The Info To Prove It.
How
would you like to make an extra $400,000? How about an extra
$900,000?
If your answer is yes, it will pay you to read on.
Here is some stimulating data from ERIC Clearing House On
Higher Education in Washington, DC. This report on The Economic
Value of Higher Education presents the numbers and translates
them into return on investment. Census Bureau data show that
lifetime earnings increase significantly with a college education.
A person with:
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A
High School degree earns on average of $1.2 million over
a lifetime |
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An Associate's degree - $1.6 million |
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A
Bachelor's degree - $2.1 million |
The
Census Bureau says, "These sizeable differences in lifetime
earnings put the costs of college study in realistic perspective."
According to a U.S. Department of Education report, the average
costs of college attendance are as follows:
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A
full-time student in a public two-year college pays an
average of $1,395 per year. |
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A
full-time student at a public four-year college pays an
average of $8,655 for in-state tuition, room and board. |
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report concludes that "These statistics support the
contention that, although the cost of higher education
is significant, given the earnings disparity that exists
between those who earn a bachelor's degree and those who
do not, the individual rate of return on investment
in higher education is sufficiently high to warrant the
cost." In other words, going to college pays...it
is a great investment. |
Click
here to see how much
more you can make with
the right education.
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But Money Isn't Everything
Other studies make the point that the benefits of college
go beyond enhanced earnings. These include:
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Increased
personal/professional mobility, improved quality of life,
better consumer decision making, and more hobbies and
leisure activities. (Institute For Higher Education Policy,
1998) |
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"...
a tendency to be more open minded, more cultured, more
rational, more consistent and less authoritarian (Rowley
and Hurtado, 2002)¨ |
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"...
positive correlation between higher education and good
health" (Cohn and Geske, 1992). |
So the facts emphasize that, for a better life, you should
make college attendance a "Must." And where
better to start than at MDC? There are significant gains
in spending two years here, even if you don't go on for
a Bachelor's degree. Apply
to MDC online.
Have any questions? Contact an advisor at 305-237-8888
or at mdcinfo@mdc.edu |
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