How much is a college degree worth compared to a high school diploma? Does $800,000 sound about right? Now the College Board has been suggesting for years that "average" college grads typically enjoys an $800,000 lifetime earnings over high school graduates. Hold on . . . It looks like the earnings advantage for a bachelor’s degree has been wildly exaggerated. Maybe by $350,000 or more.
Does anyone know what calculation the researchers used for college tuition?
If the cost of going to college (excluding room and board) is $20,000 per year then won't there eventually be a backlash when students become unwilling to pay 18% of their expected benefit in tuition (($20,000 x 4 years)/$450,000)? If the denominator should be a higher number than $450,000 then the cost of college education would be less than 18% but how much lower could it be? Pushing 20% of the expected benefit is pretty pricey in my opinion so either salaries will have to go up or the cost of tuition will have to go down.
WHAT DOES ALL THAT MEAN?????????????
Yes you may graduate from a college or a university with an expected lifetime salary of $800,000. However, you are at least hundred's of thousands of dollars in debt!!!!!!! With a realistic goal of an estimated $450,000 / $350,00. This is all due to lifestyle changes - As a new professional you now drive a luxury car, live in a new house, have a family, & who knows how many student loans you're still paying on?!?!
In regards to working in your "field of study" . . . . I think we're talking about "Experience Vs. College Education"
here. When a person gets an interview for a job, it depends on
the industry who will decide what's best and profitable for their
future business investment. Therefore, they have to recruit the
experiences or the educated employees who work under their
employment. The moral is character because great people
always work together solving solution with skills, ability,and
knowledge. Remember nothing is a waste and everything has its price!
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