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Is it still worth going to college?

  • Daly, Mary C.

    ()

    (Federal Reserve Bank of San Francisco)

  • Bengali, Leila

    ()

    (Federal Reserve Bank of San Francisco)

Earning a four-year college degree remains a worthwhile investment for the average student. Data from U.S. workers show that the benefits of college in terms of higher earnings far outweigh the costs of a degree, measured as tuition plus wages lost while attending school. The average college graduate paying annual tuition of about $20,000 can recoup the costs of schooling by age 40. After that, the difference between earnings continues such that the average college graduate earns over $800,000 more than the average high school graduate by retirement age.

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File URL: http://www.frbsf.org/economic-research/publications/economic-letter/2014/may/is-college-worth-it-education-tuition-wages/el2014-13.pdf
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Article provided by Federal Reserve Bank of San Francisco in its journal FRBSF Economic Letter.

Volume (Year): (2014)
Issue (Month): ()
Pages:

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Handle: RePEc:fip:fedfel:00015
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  1. repec:mpr:mprres:6922 is not listed on IDEAS
  2. Stacy Dale & Alan B. Krueger, 2011. "Estimating the Return to College Selectivity over the Career Using Administrative Earning Data," Working Papers 1297, Princeton University, Department of Economics, Industrial Relations Section..
  3. Hilary Hoynes & Douglas L. Miller & Jessamyn Schaller, 2012. "Who Suffers during Recessions?," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 27-48, Summer.
  4. Flavio Cunha & Fatih Karahan & Ilton Soares, 2011. "Returns to Skills and the College Premium," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 39-86, 08.
  5. Stacy Dale & Alan B. Krueger, 2011. "Estimating the Return to College Selectivity Over the Career Using Administrative Earning Data," Mathematica Policy Research Reports d76ec29a0bbb4b1bb9d285b5a, Mathematica Policy Research.
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