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Study: Even for drop-outs, college pays

Study: Even for drop-outs, college pays

http://www.shawconnect.ca/NewsArticle/Money/6442577765_182/Study_Even_for_students_who_borrow_then_drop_out,_college_pays_off_on_average/story.aspx

“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.””

http://www.shawconnect.ca/NewsArticle/Money/6442577765_182/Study_Even_for_students_who_borrow_then_drop_out,_college_pays_off_on_average/story.aspx

Stephen

 

Posted on: June 25, 2013, 6:35 am Category: Uncategorized

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