October 26, 2006

College graduates earn $23,000 more

Posted in Student Loan News at 10:29 AM by Joe From Boston


If you need any more evidence than that as to why a college education is important, then this recent study is for you.

You can read the full article from the Associated Press here, on MSNBC.com.

How much is a bachelor’s degree worth? About $23,000 a year, the government said in a report released Thursday.

That is the average gap in earnings between adults with bachelor’s degrees and those with high school diplomas, according to data from the Census Bureau.

College graduates made an average of $51,554 in 2004, the most recent figures available, compared with $28,645 for adults with a high school diploma. High school dropouts earned an average of $19,169 and those with advanced college degrees made an average of $78,093.

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