Study shows that graduates value their college degree despite the cost

Although college may be expensive, most graduates believe that higher education is a good investment.
Although college may be expensive, most graduates believe that higher education is a good investment.

According to a newly released survey by the Pew Research Center, while a majority of college students admit that higher education can be expensive, most also say that it is a good investment.

The study indicates that 75 percent of college students believe that attending an institution of higher education may be more than most Americans can afford. However, about 86 percent of university graduates said that their investment in academics was worth it.

Students who graduated from four-year universities said that they believe that they are making about $20,000 more per year, on average, because of their college degrees. Similarly, adults who did not pursue higher education said that, on average, they are earning about $20,000 less annually as a result.

In this respect, further research shows that people are very accurate in their estimates. According to the Bureau of Labor Statistics, while individuals who have only high school diplomas earn about $32,552 per year, a bachelor's degree holder makes approximately $53,300 annually, on average. This creates a yearly difference of $20,748.

SHARE: