The Difference Between a College Graduate and a High School Graduate is $1 Million

February 1st, 2008

If you are considering going to college or considering going back to college, the reasons are plentiful. Maybe you want to get a more enjoyable job. Maybe you want to fulfill a desire to earn your degree. Or maybe, just maybe, you want to earn some more cash.

According to an article on PRWeb , the U.S. Census Bureau states that people with a Bachelor’s degree earn over 60 percent more on average than those with only a high school diploma. Over a lifetime, the gap in earning potential between a high school graduate and someone with a B.A. (or higher) is more than $1 million.

According to the same site, only 21 percent of adults over the age of 25 have college degrees. Why is this? Some people drop out of college before graduating. Some people enter the workforce immediately after high school, either because they don’t want to go to college or they can’t attend for some reason – finances, lack of scholarships, etc.

So if money is such a powerful motivator and people with degrees make that much more than non-college graduates, why don’t more people try to get college degrees? There is a number of excuses not to get a degree, but each of those excuses has a feasible counter-argument.

Some people would argue they must maintain their full-time jobs to pay the bills and support their families. They say they wouldn’t have time to go back to school. There are many ways around that hurdle. Many colleges and technical schools offer night classes, online classes, television classes and weekend classes.

Some people say they can’t afford to go back to school. This may be true for some, but there are avenues that can be searched. Scholarships may be available. Financial aid is out there. Banks issue student loans. Some employment offices offer tuition reimbursement. And since having a degree offers such a higher earning potential, isn’t it a wise investment to get that degree?

Finally, some people are afraid to go to college. Maybe they didn’t perform as well in high school as they would have liked. Or maybe they have been out of school long enough to be nervous about going to class with younger students. Well, you’ll never know what kind of success you can have if you don’t try.

College can be a very rewarding experience, both financially and personally. And with such a higher earning potential for college graduates, and such a low number of graduates over the age of 25, the people who go back to school sooner will have a great deal of opportunities to earn satisfying, well-paying careers.

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