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Community Viewpoint: A College Education is Worth the Upfront Cost

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Posted: Sunday, August 25, 2013 6:00 am

As The News & Advance recently reported, college tuition continues to rise, but higher education remains one of the best investments an individual can make. According to the Bureau of Labor Statistics, for the year 2012, individuals with baccalaureate degrees earned 63 percent more than those with high school degrees and baccalaureate degree holders were 63 percent more likely to be employed.

In 2012, baccalaureate degree individuals earned about $55,000 per year while high school graduates earned $33,900. With this price differential of $21,900, it would take fewer than five years to equal the cost of a $100,000 four-year college education. Over a lifetime of employment of fewer than 50 years, the additional earnings for a baccalaureate degree holder would be more than $1 million. Of course, there are also many other rewards in earning a college degree.

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