With today’s economic environment, you may be wondering: Is a college degree worth the investment in terms of time, money, and earning power?
Consider the following statistics . . .
Earning power . . .
At age 22, the average college graduate earns about 70 percent more than the average person with a high school degree only.
This advantage is likely to stay with them over a lifetime of work. For example, at age 50 a college graduate earns about $46,500 more per year than the average person with only a high school diploma.
Over a lifetime, the average college graduate earns roughly $570,000 more than the average person with a high school diploma only.
Job Satisfaction . . .
College graduates tend to have a higher job satisfaction rate.
On average, college graduates live longer than high school graduates.
Employment rate . . .
In 2010, nearly 90% of recent college graduates were employed, compared with only 64% of their peers who did not attend college but went straight on to look for work.*
In 2011, the unemployment rate for graduates with a bachelor’s degree was nearly half that of a graduate with only a high school degree.
*Source: the Brookings Institute
Download an excerpt from a recent NAICU (National Association of Independent Colleges and Universities) report on the value of a college education.
Contact our admissions department today to learn why a Nichols education is a sound investment for your student.