Study: Even for drop-outs, college pays
“It sounds like the worst of all worlds — borrowing money for college, then dropping out and facing the debt without a degree.
But a new study argues that the investment in even a partial college education is still worth it, amounting to average earnings of $100,000 more over a lifetime than for those who merely finish high school. That’s a better investment return on average than stocks and bonds — though of course much lower than the return on college for those who finish.
“It is vastly better to get a college degree,” said Adam Looney, policy director at The Hamilton Project, the Washington, D.C.-based think-tank that authored the report. “But I think the evidence says that fears of dropping out, that there are big downside risks to trying it and not finishing it, I think those are overblown. For people who are interested in college, who have ambitions of going and have the ability and qualifications to succeed, I think the evidence suggests it’s an extremely good deal right now.””
Stephen
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Marina Englesakis liked this on Facebook.
New report – those with some college still earn $8,000/year more than those with only a HS diploma! via @sabram http://t.co/OYovJwj1v9
Wei Neudorf liked this on Facebook.