The recent economic downturn seems to have led some to question the value of things
that were previously considered worthwhile. Like a college education. And, with both
unemployment and college tuition rates on the rise, it is reasonable to ask whether
a college education is a good investment…is it worth all the money, energy, and time?
According to research, the answer is a resounding YES! The recent College Board publication, Education Pays: 2013, reports that college graduates:
- are more likely than others to be employed and have higher earnings.
- are more likely than others to receive health insurance and pension benefits from
their employers and be satisfied with their jobs.
- have healthier lifestyles, reducing health care costs for individuals and for society.
- are more active citizens who donate their time in volunteer and service activities.
- engage in more educational activities with their own children, who, in turn, are better
prepared for school than other children.
Additionally, federal, state, and local governments enjoy increased tax revenues from
college graduates and spend less on social programs to support them, providing a direct
financial return from public investments in post-secondary education.
To view the full report click here.