ERIC Number: ED470038
Record Type: RIE
Publication Date: 2002
Reference Count: N/A
The Value of a College Degree. ERIC Digest.
The escalating cost of higher education is causing many to question the value of continuing education beyond high school. To determine whether higher education is worth the investment, it is useful to examine what is known about the value of higher education and the rates of return on investment to both the individual and society. There is considerable support for the idea that the rate of return on investment in higher education is high enough to warrant the financial burden associated with pursuing a college degree. Statistics on the earnings discrepancy between high school graduates and college graduates indicate the value of a college education. College graduates enjoy benefits beyond increased income, such as increased personal and professional mobility, improved quality of life for their offspring, and more leisure activity. Research has also shown a positive correlation between completion of high school education and good health, and a number of studies have shown a high correlation between higher education and cultural and family values. Research also suggests that students of modest ability or uncertain motivation would do well to enroll in two-year colleges, and that those who choose to enroll in four-year colleges should do everything in their power to graduate. (Contains 10 references.) (SLD)
Descriptors: College Graduates, Costs, Degrees (Academic), Educational Attainment, High School Graduates, Higher Education, Paying for College
ERIC Clearinghouse on Higher Education, One Dupont Circle, Suite 630, Washington, DC 20036-1183. Tel: 800-956-7739 (Toll Free).
Publication Type: ERIC Publications; ERIC Digests in Full Text
Education Level: N/A
Sponsor: Office of Educational Research and Improvement (ED), Washington, DC.
Authoring Institution: ERIC Clearinghouse on Higher Education, Washington, DC.
Identifiers: ERIC Digests; Return on Investment