Contact Us

Is Getting a College Degree Worth the Money? — Dollars and Sense

graduates
carina, Flickr

As college tuition and contributions to college savings funds rise, experts are again examining the value of higher education and wondering if the cost is a good investment in someone’s future.

Analysts once said getting a bachelor’s degree would translate into lifetime earnings of at least $1 million more than someone with just a high school diploma. More recently, the number has been adjusted to something closer to $570,000.

That’s still significant, but when you consider the cost of a four-year degree at a private school can run upwards of $200,000, it doesn’t seem like a fantastic return on an investment.

Still, parents continue to contribute to college savings plans in record numbers. In 2011, such contributions reached an all-time high of $165 billion, a 5 percent increase from the previous year, perhaps fueled by the statistic saying students with such accounts are six times more likely to attend a four-year university.

And regardless of the dollar-to-dollar comparisons, one thing is clear: people with degrees are more likely to be employed. Two years ago, 90 percent of people who’d graduated from college between 2008-2010 had jobs, while only 64 percent of those who hadn’t attended college were collecting a paycheck.

In addition, having a degree is quickly becoming a prerequisite to secure a position in the first place. In the US, more than half of jobs currently mandate some sort of higher education beyond high school, and by 2020, experts predict 75 percent of jobs will have such a requirement.

[TIME]

More from Channel 957

Best of the Web

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://mychannel957.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on Channel 95.7 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Please solve this simple math problem to prove that you are a real person.

Register on Channel 95.7 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!