Manager, Consumer Advocacy
Public Affairs & Consumer Advocacy Specialist
FINANCING A COLLEGE EDUCATION
CONSIDER THIS: As the expense of a post-secondary education—and the level of student debt—continue to increase, many consumers may wonder: is a college education worth it?
The short answer is yes. Despite the significant financial investment, there is a true return in the job market. A recent analysis of Labor Department statistics by the Economic Policy Institute in Washington revealed the earnings gap among young people with a college degree versus those without reached a record high in 2013. Americans with a four-year college degree made an average of 98 percent more per hour last year than those without a college degree. This number is up from 85 percent in 2003 and 64 percent in the early 1980s.