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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

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Calculating the return on investment of a college degree
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