Study highlights importance of a college education
November 17, 2011
A new economic study makes a good case for anyone considering pursuing a college degree to boost their earning potential and achieve their dreams.
According to the Philadelphia Inquirer, the study titled "The Economic State of Young America" found that most of the millenial generation, which includes individuals born between 1977 and 1993, believe there is a financial disparity between them and their parents - nearly half think they are worse off, while 20 percent think they are doing better. The study was a joint effort between Demos (a think tank) and the Young Invincibles advocacy organization.
Experts say there are many reasons behind many young people's pessimistic view of their financial future including high college tuition rates, rent prices and healthcare costs.
While a college degree can't change any of these factors, those who have one have been found to make significantly more money than those who don't. According to the National Center for Education Statistics (NCES), in 2009, the average salary for adults ages 25 to 34 with a bachelor's degree was $45,000, while those with a high school diploma or other equivalent degree earned an average of $30,000 per year.
Parents who want to pursue a college degree online or at a traditional college or university have several options to finance their education. Various college scholarships, including scholarships for mothers and single mother scholarships, as well as grants for parents are available to help defray the cost.
