Earning a degree can be expensive, but it might be worth it because college graduates generally earn significantly more than those without a degree and have better employment prospects. For example:
- In 2023, recent bachelor's degree graduates aged 22–27 had a median income of $60,000, compared to much lower earnings for high school graduates. Bachelor’s degree holders earn about 86% more than those with only a high school diploma and have a median lifetime earning advantage of $1.2 million
- College graduates can make about 50% more than high school graduates on average, with starting salaries for 2025 bachelor’s degree holders projected around $68,680. Certain majors like engineering and computer science offer even higher starting salaries, exceeding $75,000
- College graduates also experience lower unemployment rates—half that of high school graduates—and report higher financial wellbeing and job satisfaction
- Despite the upfront costs, many graduates view their education as a good investment, as the increased earnings and job opportunities often outweigh the expenses over time
Thus, while earning a degree involves significant cost, the potential for higher income, greater job security, and expanded career opportunities illustrates why it might be worth it.
