Is College a Good Investment?
All of the evidence points toward the economic value of a college degree. Data from the government's Bureau of Labor Statistics indicate that a high school graduate is twice as likely to become unemployed as a college graduate, and the median earnings of a college graduate are 84% higher than those of high school graduates.
Data from the U.S. Census Bureau indicate that the average person with a college degree will earn about one million more dollars in a lifetime of work than someone with only a high school diploma. Though going into debt is never attractive, people often do so for things that are important to life, such as a car or a house. The benefits of a college degree last a lifetime and include greater job security, higher average income, and potentially greater job satisfaction. The debt that may come with a college education should be evaluated against its benefits.