Is College Worth It?

COLLEGE STILL WORTH IT? WHAT YOU NEED TO KNOW Over the past 25 years annual tuition costs in US colleges, have risen THL 75t% 4X FASTER of Americans believe TUITION IS UNAFFORDABLE than general inflation rates. WHY NO 100? 48% of 18 to 34 OF PARENTS EXPECT 94% year-olds didn't go to college because IT WAS TOO EXPENSIVE their children to go to college THE LIFETIME VALUE OF A DEGREE 2,500,000 AGE 65 O $2,354,156 2,000,000 AGE 50 = $1,503,656 AGE 65 $1,532,200 1,000,000 AGE 40 J= $936,656 AGE 50 =$1,043,200 900,000 AGE 40 $717,200 AGE 30 $391,200 300,000 AGE 30 $369,656 U = College Graduate = High School Graduate 40 50 65 College Graduate 4 YEARS AFTER High School Graduate Spends an average of Earns an average of -$83,944 GRADUATING High School +$130,400 attaining a 4 year degree. during 4 years of work. not considering scholarships or the fixed 3.4" student loan interest rates. Median annual earnings over a career [until age 65]: High school diploma or equivalent: $32,600/yr Bachelor's degree or higher: $56,700/yr Over a career a BACHELOR'S DEGREE IS WORTH $821,956 MORE than a high school diploma. That's 65% MORE or 9.8X THE AVERAGE COST of the degree. 6% maintained it was a poor investment *** College Grads Say: 8% were undecided 86% college graduates claimed college has been a good investment. 75% of college graduates said they would do something different if they could start college over again. 48% would have been more careful about their choice of major 47 would have done Median first job salary for College grads Median Salary Increases more internships or worked part time $28.000 Internship $34,680 $28,000 8 38%. Within major $34,510 would have started looking for work sooner before finishing college $25,000 X Hourly vs. Salary $35,510 $25,000 8 - Within degree level $35,000 $30,000 is avg. salary for college grads SHOULD YOU GO TO COLLEGE? Learn more at- www.degreejungle.com Sources - Heldrich Presented By: College Board Pewsocial Trends Georgetown College The National Center for Education Statistics f Degree Jung .com