Is a college degree still worth it? Study says yes

(File) (David McNew, Getty Images)
(File) (David McNew, Getty Images)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 6/24 2:31 pm

NEW YORK (AP) — Some comforting news for recent college graduates who face a tough job market, and years of student loan payments, is that getting a college degree is still worth the price you pay for it.

A new report by the Federal Reserve Bank of New York said that people with bachelor's or associate's degrees earn more money over their lifetime than those who skip college, even after factoring in the cost of higher education. 

The study also said that a degree is still a good investment for college grads whose jobs don't require college.

According to the research, a person with a bachelor's degree can expect to earn about $1.2 million more than someone with just a high school diploma. And someone with an associate's degree will bring in $325,000 more than someone with a high school education.

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

The views expressed here do not necessarily represent those of FOX23 News.

No comments yet!
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.