"Education Pays 2013"
A college degree still provides a significant earnings bump to individuals, but the value has declined slightly in comparison to those who only have a high school diploma, a new study shows.
The study by the College Board underscores the payoff from higher education and highlights other benefits of a college degree.
In 2011, among 25- to 34-year-olds, having a bachelor's degree or higher increased average earnings by 69 percent for men and 70 percent for women over those individuals who only completed high school. By comparison, in 2008, higher education led to a 74 percent income edge for men and 79 percent for women.
The report also acknowledges the debate over the value of a college degree at a time when tuition and student loan debt are growing, and the job market remains flat.
Vol. 33, Issue 08, Page 5Published in Print: October 16, 2013, as College-Going