Does College Really Pay off? 16% of High School Grads Earn More Than Many Workers With Bachelor's Degrees
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Workers with lower levels of education occasionally can out-earn those who’ve gone on to get advanced college degrees. That’s the surprising conclusion of a new study released this week.
Lifetime earnings do typically rise with each additional level of education. But researchers from the Georgetown University Center on Education and the Workforce found that 16% of those whose schooling ended after high school are earning more than half of those with bachelor’s degrees. For associate’s degrees, the stats are even more impressive: 28% of workers with associate’s degrees earn more than half of workers with bachelor’s degrees.
Many concerned parents, teachers and community leaders push teens to give college a try, despite the fact that high schoolers are increasingly skeptical about the value of a college degree. The pandemic — and subsequent concerns about money — led to an unprecedented 7% drop in the number of high school graduates who enrolled in college during the fall of 2020.
