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New Studies Confirm the Value of a College Education
Posted Wednesday, Feb 13, 2013 by Allen B. Ury
In case you’re still wondering if a college education is worth the investment, three new studies have just added more data to the “Yes” column.
A recent report from State Higher Education Executive Officers confirmed what most of us already believe: People with a college degree tend to make more money than people who only have a high school diploma. To quote the report: “Those who obtain a bachelor’s degree have a median income of $50,360 compared to a median income of $29,423 for people with only a high school diploma. Those with a graduate degree have a median income of $68,064, 35.2 percent more than those with a bachelor’s degree.”
The researchers also confirmed that your field of study is likely to impact how much money you earn. “Health-related disciplines provide a 123.4 percent wage premium for those holding a bachelor’s degree. The median income for this group is $56,427.”
You can read about the study here: http://www.hattiesburgamerican.com/apps/pbcs.dll/article?AID=2013302020002&nclick_check=1.
Meanwhile, the U.S. Department of Labor reports that the unemployment rate among college graduates 25 years and older is a mere 3.7 percent. That’s less than half of the 8.1 percent rate currently experienced by people who only have a high school diploma.
Here are the details:
Finally, Pew Charitable Trusts recently issued a study titled, “How Much Protection Does a College Degree Afford?” It looked at how young people with college degrees fared against others during the Great Recession. Its major conclusions included:
• Although all 21- to 24-year-olds experienced declines in employment and wages during the recession, the decline was considerably more severe for those with only a high school diploma or associate degree.
• The comparatively high employment rate of recent college graduates was not driven by a sharp increase in those settling for lesser jobs or lower wages.
• The share of non-working graduates seeking further education did not change noticeably during the recession.
• Out-of-work college graduates were able to find jobs during the downturn with more success than their less-educated counterparts.
You can read the entire report here: http://www.pewstates.org/research/reports/how-much-protection-does-a-college-degree-afford-85899440520
Get Your College Degree from Everest
You can enjoy the benefits of having a college degree when you get your education from Everest. Everest College and Everest University offer a variety of associate, bachelor and master’s degrees in established fields such as accounting, business, criminal justice, computer information science, homeland security and paralegal.*
By going to Everest, you’ll get direct hands-on training in your field of interest. Classes are small, and most work is done in small groups that let you share information with fellow students. Hours are often flexible, which lets you schedule your education around other commitments, such as work and family. And when you graduate, you can get support from Everest’s Career Services professionals. They can help you make the most of your education by helping you write a winning resume, rehearse effective interviewing techniques, and arranging job interviews with local employers.
Financial aid is available for those who qualify.
* Programs and schedules vary by campus.