A Four Year College Education Is Worth $1 Million in Lifetime Income!

It is clear that college debt is a massive problem, and Senator Elizabeth Warren of Massachusetts is promoting a plan to make interest rates manageable, as if college graduates and students cannot buy homes, cars, have children, etc, then the future American economy, as well as their own futures, is gloomy.

However, despite this reality, new studies demonstrate that a four year college degree leads to a difference, in financial terms, of $1 million over a lifetime, so assuming a 40 year career, that is $25,000 more per year over a lifetime!

That is not taking into account when one has a professional or graduate training, where the difference in income is massive!

The point is that those who say forget a college education, are making a great mistake, not thinking in the long run, and also forgetting that education in itself opens up one’s mind; improves one’s life; makes for a more literate, educated society; and promotes tolerance and open mindedness!

So the goal should still be for any citizen to get the most education he or she is capable of, even if that education is not utilized directly at their work. The quality of life itself is enough reason for more education, not less!