Skip college, forfeit $800,000: Fed study
Monday, 5 May 2014 | 1:30 PM ET
A college student who pays $21,200 in
yearly tuition will recoup that investment by age 38, the researchers
found. About 90 percent of students at public colleges, and 20 percent
of students at private colleges, pay less than that amount, they found.
By retirement, that student will have earned $831,000 more than a peer
who never went to college.
For those students who pay the astronomical tuitions levied by top private U.S. colleges, however, the benefits may be smaller, the study suggested.
"Although some colleges cost more, there is no definitive evidence that they produce far superior results for all students," they wrote, adding "... redoubling the efforts to make college more accessible would be time and money well spent."
For those students who pay the astronomical tuitions levied by top private U.S. colleges, however, the benefits may be smaller, the study suggested.
"Although some colleges cost more, there is no definitive evidence that they produce far superior results for all students," they wrote, adding "... redoubling the efforts to make college more accessible would be time and money well spent."
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