Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-31
Continued From Third Page)

EdSCJ
made Of. and the world of business by
and by gives them just about the same
relative chance and accepts them
pretty much at their own price.
However, the foregoing Is only one
of a number of remarkable studies that
have been published recently on the
relationship between scholarship and
life. Here I wish to present the Sec
ond investigation dealing with eighth
grade, high school and college gradu-
alton and worldly success. This in
wolves a primary question of the first
importance-namely, Does education
pay at ALP"
ton has recently been made by Dean
Everett w. Lord of Boston University.
He studied the records OF about 5000
men, ranging in age from 10 to -
years, living in all parts OF the United
States and including bankers and bak-
ers. clerks and clergymen, merchants
and mechanics, actors and doctors,
teachers and accountants.
The story Is dramatically told in the
chart prepared from that study. At
the left of the chart are the incomes
and at the bottom the ages Of these
men. There Is steady climb in in
come from the eighth-grade graduates
through the college graduates to the
doctors Of philosophy. TIE grade-school
man reaches the high point Of his earn
ings at 40 to ~ years Of age. while par
tial high school and full high school
graduates reah their peaks around IS
and carry on at about the same level
to SIS. then they sharply decline. But
the income of the college graduate
continues to rise with a few slight
temporary declines) until he Is at least
"a years old.
Dean Lord in sending me his tables
and figures has marked few items
that think ought to come home to the
young men Of America.
Some Of these are as follows: It costs
about $50 q year for the State and Ma
ton to give a boy the first eight grades
of schooling, but this expenditure. as
nearly as can be estimated, adds about
$1,000 a year to the boys income for
the next Al years over the income
earned by illiterates. 1t costs about
$500 q year for four years to give q
boy a high school education, but he
earns about $500 year more than the
eighth grade boy for the next 40 years.
1t costs a young man about $1,000 a
year for four years to secure q college
education, but the college graduate
earns approximately $1,000 q year more
than the high school graduate for the
next 40 years.
OF course, the college graduate rs .
rule is an ADLER man than either the
high school or eighth-grade graduate
something most business men overlook
yet recent surveys have shown that .
large number Of young men Of high
school ability drop out Of school ct the
end Of the eighth grade and Q great
many young men Of college ability stop
their schooling at the end Of high
school. so It Is evident that q great
many young people have not yet fully
realized the money value Of education.
One other point Of great interest Is
that large numbers of eighth grade and
high school graduates have subsequently
taken correspondence courses or attend
ed so-called business colleges" All
these show uniformly higher earnings
than those who do not secure this adj
ditional training. Dean Lord also brings
out the striking value of a genuine
course in the newer schools Of business
administration which many colleges
have instituted, beginning with the