Wednesday, September 22, 2010

College graduates break even by age 33

Some young people wonder whether going to college is worthwhile -- are recent report reminds us that it is -- even considering the expense.

A typical student attending a four-year university will have college pay off by age 33. They earn enough by then to compensate for being out of the labor force for four years and for borrowing enough to pay tuition and fees.

The report Education Pays, released by the College Board Advocacy and Policy Center, notes that college pays off very well over the course of a life. It also notes that unemployment rates of increased faster among people with just a high school diploma and that college graduates are more likely to exercise, volunteer, vote and read to their kids, are less likely to be obese or smoke.

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