Sunday, October 30, 2005

The Value of Higher Education: Individual and Societal Benefits

"Putting money into a four-year college education turns out to be a better financial investment – to the tune of $1 million more over one’s lifetime than people who have just a high school education. The rate of return on the money spent to earn a bachelor's degree is 12 percent per year, compared with the long-run average annual return on stocks of 7 percent. The net return is overall costs, including individual contribution and state appropriations, as well as income sacrificed while earning that degree. Despite the high return on investment, just 25 percent of the U.S. adult population has at least a bachelor’s degree. In comparison, more than 50 percent of Americans invest in the stock market, according to the American Shareholders Association." Source: Productivity and Prosperity Project, W. P. Carey School of Business, Arizona State University

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