Cost of Education Tag

02 Jul What is a College Degree Worth to a 45 year old Woman?

A college degree may not be worth the cost of obtaining it for some students. College Recruiters selling the value of education aren't telling the whole story. Despite decades of lip-service to affirmative action, earnings of college educated women remain a discouraging 61% of those of their male counterparts. The reasons are complex, but most are beyond individual control. For women obtaining degrees later in life, this too often translates into worsened financial circumstances lasting for the entire remainder of their working lives, and an absolute inability to repay student loans. You've no doubt seen the figures on sites such as this one, or on colorful posters displayed in College Admission Offices. According to a clever graph on the above mentioned website, 2004 US census statistics show the average annual earnings of high school graduates to be $28,645 and of those with a bachelor's degree to be $51,554. From this, the education industry arrives at a figure of something on the order of a million dollars for the lifetime value of a bachelor's degree. That figure assumes that income increases or decreases over the lifetime of a worker in decades to come will closely resemble those of previous decades, and that a graduate has 40-plus years of working life ahead.
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