“California’s Economic Payoff: Investing in College Access and Completion,” finds that people who graduated with a four-year degree earn an average of $1.3 million more than high-school graduates over their working life.
Cover image: California's Economic Payoff |
In spite of these gains, why does college tuition continue to increase?
When I enrolled in Cuesta College for fall 2010, I paid $26 per unit. This month I enrolled in a four-unit summer course and owe $46 per unit.
The benefits of higher education extend well beyond the direct payoff for students and include substantial gains to the state, according to the Campaign for College Opportunity:
“California´s higher education investments pay off for all of California, not only for the individuals who receive a college education through increased lifetime earnings, but for the state in increased tax revenue and reduced costs for social welfare programs and incarceration.”
Download the complete report at http://www.collegecampaign.org/resources/research/ca-economic-payoff.
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