Is it important for you to be employed now or in the future?
The unemployment rate for those with a bachelor’s degree was 4.9% in 2011 compared to 9.4% for those with only a high school diploma and 14.1% for those with less than a high school diploma.
It is the amount of money you earn important to you? The average college graduate with a bachelor’s degree earns $1,420,000 throughout a 40-year work life which is $650,000 more than the $770,000 that the average high school graduate earns.
Do you want to be satisfied with job and financial security in the future? College graduates tend to be more satisfied with their education level, financial security and employment than those without college degrees.
Do you want to be able to understand magazine articles, fill out credit card applications and develop a budget? Your ability to do each of those things is determined by your prose literacy, document literacy and quantitative literacy, respectively, and college graduates outperform non-college graduates in each category. For example, in prose literacy, college graduates are 27% more proficient than high school graduates. In document literacy, college graduates are 10% more proficient than the same group and in quantitative literacy, college graduates are 26% more proficient.