College: The Best Investment (The Atlantic)

A new report from the Hamilton Project, an economic policy initiative at the Brookings Institution, argues that despite the rising cost of tuition, a college education is still a smart investment.

The Atlantic summarizes three main takeaways from the report. First, the value of college as a way of boosting earnings is near an all-time high.¬†These days, “a college graduate is almost¬†20 percentage points more likely to be employed than someone with only a high school diploma,” the report finds.

Also, attending college brings a much higher return than other investments, such as stocks, bonds and real estate. And though the price of college is 50 percent more expensive now than it was 30 years ago, “the increase to lifetime earnings that a college degree brings is 75 percent higher,” the report claims.

1 comment to College: The Best Investment (The Atlantic)

  • As has been my case, the $4k/yr Bowdoin investment (’71-’75) has been a very good one. I’ve been a teacher, entrepreneur business owner all my post Bowdoin life.

    Times now are different.

    The line “And though the price of college is 50 percent more expensive now than it was 30 years ago” is really not accurate.

    Here’s why: 50% of $4k is $6k. Bowdoin/private education costs are upwards of $56,000+/yr.,(before beer and books…both quite important to the overall Polar-Gear ‘hollistic’ education experience).
    Easy math suggests 14x factor which is north of 1000+++% more expensive.

    My Question today is this:

    Has the Bowdoin education in 2012 evolved and is preparing students to be ready to matriculate into an economic and business world that is unlike any that my generation’s ever experienced. Just curious….Scott Diddel, Polar Bear’75

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