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Calculating the return on investment of a college degree

Tuesday, November 06, 2012
In a fiercely competitive job market, it has never been more important for young people to earn a college degree. While most high school students and their parents know the importance of a college education, it helps to know that earning a college degree is a valuable investment in the student’s future, despite the staggering cost of higher education.

According to recent research conducted by nonpartisan think tank the Brookings Institution, earning a college degree can yield a return of more than 15 percent on a student’s investment.

"On average, the rate of return on a college degree is about as high as it's ever been," Michael Greenstone, director of the Hamilton Project of the Brookings Institution, told Reuters. "We're now in a global labor market and we don't see these trends abating."

Other recent studies arrived at similar conclusions. Data from the Pew Research Center suggests that a college graduate typically will earn approximately $650,000 more over the course of his or her professional life than someone without a college education. On average, college graduates earn around $1.4 million during a 40-year working life, compared to the $770,000 earned by those who have only a high school diploma.ADNFCR-16000756-ID-800900609-ADNFCR - helping you find colleges and universities that offer the accredited programs that most interest you.

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Calculating the return on investment of a college degree
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Pace University
Known for its exceptional academic experience and preparing students for careers, 1,200 students yearly participate in the University internship program, the largest in the NY metro area.

Mount Aloysius College
Our liberal arts core curriculum provides the necessary basis for leadership and the knowledge and skills for success in a wide range of professions.

Roger Williams University
Come for the 40+ majors, 20 varsity athletics teams and 60+ clubs and orgs, stay for the top-rated food and waterfront views.

Lesley University
Offering degrees that prepare students to become leaders in education, human services, the arts and environmental studies.

Niagara University
Niagara University emphasizes ethics, lifelong learning, and service to others to prepares for lives and careers that are both successful and fulfilling.

Polytechnic Institute of NYU
Polytechnic Institute of NYU is New York metropolitan's major educational resource in science and technology education and research.

University of Phoenix
U of P Online, a true innovator in distance education, allows students to earn their degrees and advance their careers - all online.

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