Consequently, students and parents may wonder whether the return on the investment in a college education is worth the expense.
Statistics show that college graduates fare better than their peers without a degree.
In fact, Census Bureau data gathered about high school and college graduates indicates that high school graduates have a higher rate of unemployment than their college counterparts. In addition, the income advantage for college graduates increases with age, while the median income of high school graduates increases at a slower rate. Moreover, technology has advanced to the point where individuals may need as much education and training as possible, in order to keep up in the competitive job market. In return, they may have better opportunities to earn higher incomes and attain a better standard of living. The bottom line is a college education may be worth the expense.