January 26, 2017

The fiscal benefit of going to college

Peter Obsborn, Cornerstone University - A recent study from Georgetown University found that, on average, college graduates earn $1 million more in earnings over their lifetime. Another recent study by the Pew Research Center found that the median yearly income gap between high school and college graduates is around $17,500.

By choosing not to go to college, you are essentially forfeiting $17,500 per year and $1 million over your lifetime.

That's $1 million less in retirement and $17,500 less in disposable income every year. Before you don't go to college, consider what you would do if you had an additional $1 million available when you retire.

....Finally, the unemployment rate for those with college degrees is significantly less than those without. Consider these statistics from the Bureau of Labor Statistics:

More

A recent study from Georgetown University found that, on average, college graduates earn $1 million more in earnings over their lifetime. Another recent study by the Pew Research Center found that the median yearly income gap between high school and college graduates is around $17,500.
By choosing not to go to college, you are essentially forfeiting $17,500 per year and $1 million over your lifetime.
That's $1 million less in retirement and $17,500 less in disposable income every year. Before you don't go to college, consider what you would do if you had an additional $1 million available when you retire. Would you buy a home? Create a fund for your children? Travel Europe?
BOTTOM LINE: Not attending college costs a lot. Much more more than people think.

Less Unemployment

Finally, the unemployment rate for those with college degrees is significantly less than those without. Consider these statistics from the Bureau of Labor Statistics:

- See more at: https://www.cornerstone.edu/blogs/lifelong-learning-matters/post/do-college-grads-really-earn-more-than-high-school-grads#sthash.W9Xo62LZ.dpuf
By choosing not to go to college, you are essentially forfeiting $17,500 per year and $1 million over your lifetime.
That's $1 million less in retirement and $17,500 less in disposable income every year. Before you don't go to college, consider what you would do if you had an additional $1 million available when you retire. Would you buy a home? Create a fund for your children? Travel Europe?
BOTTOM LINE: Not attending college costs a lot. Much more more than people think.

Less Unemployment

Finally, the unemployment rate for those with college degrees is significantly less than those without. Consider these statistics from the Bureau of Labor Statistics:

- See more at: https://www.cornerstone.edu/blogs/lifelong-learning-matters/post/do-college-grads-really-earn-more-than-high-school-grads#sthash.fBDhdLbt.dpuf
By choosing not to go to college, you are essentially forfeiting $17,500 per year and $1 million over your lifetime.
That's $1 million less in retirement and $17,500 less in disposable income every year. Before you don't go to college, consider what you would do if you had an additional $1 million available when you retire. Would you buy a home? Create a fund for your children? Travel Europe?
BOTTOM LINE: Not attending college costs a lot. Much more more than people think.

Less Unemployment

Finally, the unemployment rate for those with college degrees is significantly less than those without. Consider these statistics from the Bureau of Labor Statistics:

- See more at: https://www.cornerstone.edu/blogs/lifelong-learning-matters/post/do-college-grads-really-earn-more-than-high-school-grads#sthash.fBDhdLbt.dpuf
A recent study from Georgetown University found that, on average, college graduates earn $1 million more in earnings over their lifetime. Another recent study by the Pew Research Center found that the median yearly income gap between high school and college graduates is around $17,500.
By choosing not to go to college, you are essentially forfeiting $17,500 per year and $1 million over your lifetime.
That's $1 million less in retirement and $17,500 less in disposable income every year. Before you don't go to college, consider what you would do if you had an additional $1 million available when you retire. Would you buy a home? Create a fund for your children? Travel Europe?
BOTTOM LINE: Not attending college costs a lot. Much more more than people think.

Less Unemployment

Finally, the unemployment rate for those with college degrees is significantly less than those without. Consider these statistics from the Bureau of Labor Statistics:

- See more at: https://www.cornerstone.edu/blogs/lifelong-learning-matters/post/do-college-grads-really-earn-more-than-high-school-grads#sthash.fBDhdLbt.dpuf
A recent study from Georgetown University found that, on average, college graduates earn $1 million more in earnings over their lifetime. Another recent study by the Pew Research Center found that the median yearly income gap between high school and college graduates is around $17,500.
By choosing not to go to college, you are essentially forfeiting $17,500 per year and $1 million over your lifetime.
That's $1 million less in retirement and $17,500 less in disposable income every year. Before you don't go to college, consider what you would do if you had an additional $1 million available when you retire. Would you buy a home? Create a fund for your children? Travel Europe?
BOTTOM LINE: Not attending college costs a lot. Much more more than people think.

Less Unemployment

Finally, the unemployment rate for those with college degrees is significantly less than those without. Consider these statistics from the Bureau of Labor Statistics:

- See more at: https://www.cornerstone.edu/blogs/lifelong-learning-matters/post/do-college-grads-really-earn-more-than-high-school-grads#sthash.fBDhdLbt.dpuf
A recent study from Georgetown University found that, on average, college graduates earn $1 million more in earnings over their lifetime. Another recent study by the Pew Research Center found that the median yearly income gap between high school and college graduates is around $17,500.
By choosing not to go to college, you are essentially forfeiting $17,500 per year and $1 million over your lifetime.
That's $1 million less in retirement and $17,500 less in disposable income every year. Before you don't go to college, consider what you would do if you had an additional $1 million available when you retire. Would you buy a home? Create a fund for your children? Travel Europe?
BOTTOM LINE: Not attending college costs a lot. Much more more than people think.

Less Unemployment

Finally, the unemployment rate for those with college degrees is significantly less than those without. Consider these statistics from the Bureau of Labor Statistics:

- See more at: https://www.cornerstone.edu/blogs/lifelong-learning-matters/post/do-college-grads-really-earn-more-than-high-school-grads#sthash.fBDhdLbt.dpuf
A recent study from Georgetown University found that, on average, college graduates earn $1 million more in earnings over their lifetime. Another recent study by the Pew Research Center found that the median yearly income gap between high school and college graduates is around $17,500.
By choosing not to go to college, you are essentially forfeiting $17,500 per year and $1 million over your lifetime.
That's $1 million less in retirement and $17,500 less in disposable income every year. Before you don't go to college, consider what you would do if you had an additional $1 million available when you retire. Would you buy a home? Create a fund for your children? Travel Europe?
BOTTOM LINE: Not attending college costs a lot. Much more more than people think.

Less Unemployment

Finally, the unemployment rate for those with college degrees is significantly less than those without. Consider these statistics from the Bureau of Labor Statistics:

- See more at: https://www.cornerstone.edu/blogs/lifelong-learning-matters/post/do-college-grads-really-earn-more-than-high-school-grads#sthash.fBDhdLbt.dpuf
A recent study from Georgetown University found that, on average, college graduates earn $1 million more in earnings over their lifetime. Another recent study by the Pew Research Center found that the median yearly income gap between high school and college graduates is around $17,500.
By choosing not to go to college, you are essentially forfeiting $17,500 per year and $1 million over your lifetime.
That's $1 million less in retirement and $17,500 less in disposable income every year. Before you don't go to college, consider what you would do if you had an additional $1 million available when you retire. Would you buy a home? Create a fund for your children? Travel Europe?
BOTTOM LINE: Not attending college costs a lot. Much more more than people think.

Less Unemployment

Finally, the unemployment rate for those with college degrees is significantly less than those without. Consider these statistics from the Bureau of Labor Statistics:

- See more at: https://www.cornerstone.edu/blogs/lifelong-learning-matters/post/do-college-grads-really-earn-more-than-high-school-grads#sthash.fBDhdLbt.dpuf

1 comment:

Anonymous said...

Not all college degrees are the same. It's not certain that an art major or English major is going to pull in that kind of money. But depending on the school, they may be saddled with $100,000 in debt that cripples their financial abilities in the future. What's the interest rate on those loans?

And also, people who go to college are disproportionately rich to start with. Connections are worth at least as much as the degree itself. College grads do better on average? Correlation =/= causality. You don't even have to go to college to learn that.

If you're not sold on college, Mike Rowe has some interesting stuff to say about finding good work. And there's always apprenticeships. Hell, there's a whole generation of machinists retiring.