The ROI of higher education

The costs associated with higher GENERAL INFO HOW A TYPICAL FAMILY PAYS FOR COLLEGE* education constitute 3% of GDP. There are 2009 2010 19.7 MILLION S $ Student Borrowing $4,907 $5,692 students in the U.S. Parent Borrowing $2,721 $3,396 S S S S S S S S S Parent Income & Savings $1,775 $2,261 11.2 million 8.5 million Student Income & Savings $6,934 $8,752 Relatives & Friends $1,996 $2,314 S S S S S Grants & Scholarships $1,099 $1,682 $ $ $ $ *Total cost, average amount PERCENTAGE OF TOTAL COST The ROI". HIGHER EDUCATION $ 23% 14% of 10% 7% $19,432 COST $24,097 439% 2009 9% 37% Each year private 200% schools charge over 2010 $50,000 for room, O Grants & Scholarships Parent Income & Savings board, and tuition. 2$ *Return on Inuestment O Student Borrowing O Student Income & Savings Room and Board 1982 2011 Tuition 1982 2011 O Parent Borrowing O Relatives & Friends TOTAL COSTS FOR ONE YEAR 2/3 of 2010 graduates finished their The cost of post secondary education is skyrocketing DEBT studies with student debt. and the odds are this trend will continue. College fees vary substantially and depend on the following factors: The average cost of private 4-year a private college reaches $31,915 a year with public 4-year (out of state) $31,915 additional $6,653 public 4-year (in state) STUDENTS GRADUATE WITH AN AVERAGE DEBT OF in hidden costs. $25,892 This amount has grown over 50% during the public 2-year (off-campus housing) past decade. 45% of students don't graduate $17,227 and are left with a huge debt with no degree $9,541 to show for it. $25,250 24 Low quality education at a high price! 24 45% of students make no gains in their critical 511% reasoning, thinking skills, writing ability. Student Loan Debt $. has increased by 511% since 1999 ADDITIONAL ANNUAL EXPENSES A high school dropout will earn about $260,000 less than a high school graduate $2,200 $1,137 $1,000 Tuition fees are not the whole story, you EMPLOYMENT / UNEMPLOYMENT should take into account a series of and $800,000 less than a college graduate НОМЕ, other expenses. SWEET HOME. in their lifetime. 85% of college graduates move back in with their parents. Health fees Вooks Computer $826 $520 $500 $230 Unemployment rate for new college graduates of 2010 is 9.1% - the highest in recent years. II 85% 15% Clothing Booze Auto costs Sporting & Services Events