Is College Worth the Cost of Student Loans?
In a Page One Economics® Focus on Finance essay on decisionmaking in the college search, author Barbara Flowers helped make her case that education is a sound investment by showing key economic indicators that help demonstrate the long-term value of a college education. In 2017, for example, each additional level of education was correlated with higher median earnings for employees age 25 and older. Flowers also looked at the unemployment rates for workers with different degrees: Since 1992, the unemployment rate for workers with a bachelor's degree has been lower than the unemployment rate for workers with some college or an associate's degree, and both are lower than the unemployment rate for workers with only a high school diploma.
These and other data can help prospective students make informed decisions about choosing and paying for college.
Interested in learning more about the hows and whys of borrowing for college to advance your career? Read the full Page One here.