Is Higher Ed Worth the Price?
Is Higher Education Worth the Price? The cost of higher education in the United States has risen in recent decades. According to the College Board, the average annual cost of tuition and fees at public four-year colleges was more than $10,000 for in state students and nearly $28,000 for out of state students during the 2021-2022 academic year. Private institutions can charge more than $38,000 per year. A college degree can have a significant impact on earning potential. The U.S. Bureau of Labor Statistics reports that, on average, people with a college degree earn about 67% more than those with only a high school diploma. Additionally, many professions that offer substantial salaries require a college degree, particularly in fields such as healthcare, engineering, and technology. Higher education often opens the door to a broader range of career opportunities. Man...