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.