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Value of a Degree

Value of a Degree

Why is a College Degree Worth It?

Students and their families are concerned about tuition and other school-related expenses of college education –is the overall value of a degree worth the cost? Going to college may seem expensive, but it’s the best investment you can make.

College graduates with bachelor’s degrees are better off than their less-educated peers.

Higher Salaries

People who finish college earn more than those who didn’t. A typical college graduate earns about $650,000 more than a high school graduate (over a 40-year work life).

Easier to Find -- and Keep-- Jobs

Bachelor’s degree holders continue to be employed in high-status jobs and at higher employment rates than those without. During the recession, bachelor’s degree holders fared better; they experienced only a 7 percent decline in employment rates, while those without any degree experienced a 16 percent decline. Though all groups saw wage drops, the bachelor’s degree holders saw their wages stabilize quickest.2

Career Choices

Students without a college degree can be limited in their choice of careers. Most workers without a high school diploma are limited to food and personal services, sales and office support and “blue collar” jobs -- occupations that pay low wages or have declining job rates.3

More than Money

College education leads to more than higher wages. Adults with higher levels of educations are more active citizens by donating time to volunteer activities, more likely to vote, lead healthier lifestyles and even engage in more educational activities with their children. 4  

Saint Xavier University offers more than just a degree. Learn about the SXU Advantage.

Sources

1 Pew Reseach Center, “Is College Worth It?” May 15, 2011.

2 The Pew Charitable Trusts, “How Much Protection Does a College Degree Afford?: The Impact of the Recession on

Recent College Graduates,” January 2013

3 Georgetown University Center on Education and the Workforce, “Help Wanted: Projections of Jobs and Education Requirements Through 2018”, June 2010.

4 College Board, “Education Pays,” 2010.