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DNG Education Program JOIN THE GUARD!
By 1LT Deborah L. Welch, Education Services Officer, Delaware National Guard
Power of Education report by U.S. Census Bureau
Census Bureau confirms earning power of higher education
Just in case you still had some doubts, the U.S. Census Bureau has released data proving the substantial value of a college education in the United States . Workers 18 and over sporting bachelors degrees earn an average of $51,206 a year, while those with only a high school diploma earn $27,915. But wait, there's more. Workers with an advanced degree make an average of $74,602, and those holding an associates degree report making $42,805.
Source: Census report titled Educational Attainment in the United States : 2004
HS Diploma --------------------- 27,900/yr
Associates ---------------------------------- 42,800/yr
Bachelors ------------------------------------------ 51,200/yr
Masters + --------------------------------------------------------------- 74,600/yr
Over a ten year period, this is an additional $240,000 income for those with a Bachelor's degree.
COLLEGE ATTENDANCE VERSUS COLLEGE COMPLETION
2yr or 4yr degree???
Recent reports indicate that perhaps there is too much emphasis placed on getting a 4year college degree? An estimated 600,000 students leave 4-year colleges annually without graduating. These noncompleters earn less than college graduates because they get fewer years of education. More surprising, they tend to earn less than or the same amount as 2-year college students who have as much education. Furthermore, 2-year college students show about the same gains in tested cognitive skills for each year of attendance as 4-year college students. Students at 4-year colleges also pay more in tuition and are more likely to have student loan debts than 2-year students.
The conclusion of these studies is that high school graduates of modest ability or uncertain motivation-factors that increase their chances of leaving college before graduation would be well-advised to consider attending 2-year, instead of 4-year, colleges. If they did, they would probably realize the same earnings and cognitive skill gains at lower cost and with less debt.
In order to maximize the return on their time and monetary investment, students who do choose to enroll in 4-year colleges should do everything in their power to graduate.
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