Earning a college degree is highly beneficial, with recent graduates earning $24,000 more annually than those with only a high school diploma. Research indicates that completing college can lead to a median lifetime earnings of $2.8 million, significantly higher than the $1.6 million for high school graduates. The report highlights that bachelor’s degree holders earn 75% more over their careers, emphasizing the importance of educational attainment level for increased financial payoff. The choice of major also plays a crucial role in determining future earnings.
College is still worth it, research finds — although these majors have the lowest rate of return
Updated on April 11, 2024