Glen Oaks Community College issued the following announcement on Aug. 3.
A college degree pays off — but by just how much? The College Board has published its latest report about the economic benefits of higher education. Education Pays 2019: The Benefits of Higher Education for Individuals and Society documents differences in earnings and employment status for U.S. adults with different levels of education, (Forbes, New Evidence Documents That A College Degree Pays Off—By A Lot, Jan 15, 2020).
When it comes to average earnings, median earnings of bachelor’s degree recipients (no advanced degree beyond the BA), working full-time, was $24,900 higher than those of high school graduates. Median 2018 earnings by degree levels are listed in the chart below. (Forbes, Jan. 15, 2020)
High School | Associate | Bachelor | Master | Doctoral | Professional |
$40,500 | $50,100 | $65,400 | $80,200 | $102,300 | $120,500 |
High School | Associate | Bachelor | Advanced |
5% | 10% | 28% | 43% |
Eventfully as I moved into administration, my income grew with my responsibilities, but I discovered that I enjoyed the opportunities to serve in greater ways including mentoring faculty and staff, building programs, and improving facilities as well as helping communities.
So what is the point of this personal story and how does it relate to the value of higher education? Simply, I have led a wonderful life beyond anything I could have ever imagined almost fifty years ago when I made the decision to go to college to play football. I received more than an education. I developed a service mindset along with a much broader view of the world—and these have resulted in a life of joy. Ask me about the value of a college education and while I would mention the additional lifetime income and employment security—that would not really matter if I had not been able to earn that income while doing rewarding and meaningful work. So I try each day to pay back for all my blessings and pay forward for the generations of students to come.
Original source can be found here.