Now that you know a bit more about what college is like, let’s look at what it takes to get there financially.
I know that one of the first things that pops into your mind is, “I CAN’T AFFORD IT!”
We are here to present the question, “Can you afford not to go?”
This Education Pays chart shows the impact that education has on how much you can earn on average.
And according to the Education Pays 2010 Report:
Individuals with higher levels of education earn more and are more likely than others to be employed.
- Median earnings of bachelor’s degree recipients working full-time year-round in 2008 were $55,700, $21,900 more than median earnings of high school graduates.
- Individuals with some college but no degree earned 17% more than high school graduates working full-time year-round. Their median after-tax earnings were 16% higher.
- For young adults between the ages of 20 and 24, the unemployment rate in the fourth quarter of 2009 for high school graduates was 2.6 times as high as that for college graduates.
OK, so what if you think college is the right path for you, but you’re still scared about the costs? Don’t worry…where there is a will there is a way! If you are determined to go, there are options and resources to help you.
The next blog entry will give you information and helpful tips on things you can do to make college affordable.
