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- Percent
of adult population with a college degree, 1960: 8.
- Percent
with a college degree, 1995: 22.
- Annual
out-of-pocket cost (public and private averaged together)
of attending a four-year college: $10,000.
- Average
annual lost wages while studying: $15,000.
- Total
average cost of a college education over four years: $100,000.
If you were to bank that money at 8 percent interest, you
would have to earn about $8,000 more annually to justify the
investment you make in higher education. Can you do that?
Not at age 21 or 22. But that's misleading--the older you
get, the wider the income gap between college and high school
educated workers. After you're 30, your increasing income
will really show the difference. So all told, the value of
a college degree is clear and increasing. But you have to
be patient.
(Source: U.S. Department of Education)
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