Time and again, statistics show that a college degree is a good investment. College graduates make more money cumulatively, studies show, helping them achieve greater wealth over the course of their lifetimes.
A recent study from Georgetown University analyzed educational achievement and wage data to highlight this disparity. What they found: Those with a bachelor’s degree earn around 84% more over the course of their lifetimes. Translated into dollars and cents, that means a bachelor’s degree is worth as much as $2.8 million dollars on average. And, no matter how you cut it, that’s a lot of money.
Sadly, college graduates from recent years aren’t feeling rich yet. They’ve got student loan debt to contend with – and more of it than any other generation before them. Current student loan debt sits at record levels – currently over $1.3 trillion cumulatively, and growing a reported $2,726 every second.
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