Average age of graudating college
one recent study focusing on income estimated that a four-year college degree pays an average return of 15.2 percent annually—far more than average returns in the stock market, at 6.8 percent since the 1950s; or corporate bonds, at 2.9 percent; or housing, at 0.4 percent.Those with higher rates of education enjoy better health and longevity.The 6-year graduation rate was 59 percent at public institutions, 66 percent at private nonprofit institutions, and 23 percent at private for-profit institutions.The 6-year graduation rate was 62 percent for females and 56 percent for males; it was higher for females than for males at both public (61 vs.As we will see shortly, some institutions produce poor results for their students and interfere with what is otherwise a clear pattern of success.In the main, however, the evidence is quite unequivocal: the United States needs to increase the percentage of its citizens who attain college degrees.Those who claim that the United States is sending too many people to college discount these global historical trends, focusing instead on data points such as how recent college graduates have fared since the financial crisis in 2008.
Moreover, the return from a college degree increases over an individual’s lifetime, with the gains in employment prospects and income being only the most obvious and easily measured benefits.
even with record high tuition prices, a bachelor’s degree pays for itself several times over, in the form of higher income, lower unemployment, better health and enhanced civic engagement.
Within ten years of college graduation, the typical BA will already have recouped the cost of her investment.” However, not all college degrees offer these benefits.
In the mid-1990s, progress resumed but at a more modest rate; as of 2011, 32 percent of young adults had obtained bachelor’s degrees.
As recently as the 1980s, the nation was the undisputed international leader in the percentage of citizens graduating from college.