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28 May 2009

College education : worth it financially

High school graduates have a big decision to make about going to college. According to the US Census Bureau there is a significant pay-off for college graduates vs. high school graduates. Even a two-year associate's degree is a solid investment. The cost of a degree can vary wildly but averaged out over a standard forty-year work life, the returns for a college education can be substantial. Many high school students are very bright and could enter the workforce right away. However, with the prospects of finding a job getting harder each day, a wise student will stay the course and continue on to college. According to the US Department of Education, there are some three million high school graduates each year. During the 2007-08 academic year, postsecondary degrees were projected to number 699,000 associate's degrees; 1,544,000 bachelor's degrees; 631,000 master's degrees; 89,300 first-professional degrees; and 55,300 doctor's degrees. This is a perfect storm for high school graduates trying to find a job. Their job prospects are falling rapidly due to the shrinking job market in a recession, plus the competition from college graduates and the ever growing ranks of the unemployed, many of whom are both well educated and experienced.


For further details visit at www.itbusinessnet.com/articles/viewarticle.jsp?id=758179

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