Weigh the cost of college and your field of study carefully

Posted By on September 6, 2014

A very telling graph discloses three things (see story in Fortune) :

  1. A college graduate will on average make $1 million more than a worker with a high school degree over the course of his lifetime … even though the cost of education has gone higher.
  2. Wages across the board, adjusted for inflation to 2013 dollars, are down from 1970 – and have seen a sharp decline since 2010.
  3. Just because you earn a Bachelor’s degree from college, there is no guarantee that your income will be all that much different than those with high school diplomas (blue line vs. green line for 20% of college graduates).

college-wage-2013

Be particularly careful when evaluating your readiness for college, the field of study and how much debt is being taken on before assuming higher education is the ticket to a higher income – for 25% of degreed graduates, it is not.

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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