Is It Still Worth Going to College?

Wednesday, May 07, 2014 Francisco Carneiro 0 Comments

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YES

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.

From Is It Still Worth Going to College?

Mary C. Daly and Leila Bengali

http://www.frbsf.org/economic-research/publications/economic-letter/2014/may/is-college-worth-it-education-tuition-wages/

I guess it's better to study than not to study! the statistics are out and from a reliable source, the San Francisco FED. I know that companies use college grades to pick & choose candidates.

The point for me is the following: If colleges make tests, GMAT and other, interviewees etc... to choose students before admission it might be possible that the best people are the ones that enter the best colleges. They were already the best before they entered. So companies think that the people with a diploma are the best not because of what they learned in College but because of passing the admission exams. They were tested.

As long as companies use college degrees to pick, the best will attend college and it pays to attend.