ERIC Number: ED604101
Record Type: Non-Journal
Publication Date: 2020-Jan
Pages: 32
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Available Date: N/A
Higher Education's Return on Investment: The Case for Why Higher Education Matters
Kentucky Council on Postsecondary Education
This report tracks 42,856 students who graduated from a Kentucky high school in 2010 until 2018, the most recent year of data available. Over half of these students entered an in-state college or university directly from high school. Another 5,000 had enrolled in college by 2018. All in all, 13,576 (32%) completed a postsecondary credential, and 1,709 were still enrolled at the end of eight years. Students who did earn a postsecondary degree were making significantly more money than high school graduates at the end of eight years - about $12,000 more for a bachelor's degree and $8,000 more for an associate degree. These differences grow even more pronounced over time, as degree holders are more likely to be promoted to managerial or leadership positions within their organizations. Salary estimates from the American Community Survey show that over an entire career, bachelor's degree holders in Kentucky earn $1.2 million more than high school graduates, and associate degree holders earn $422,000 more. This more than offsets their investment in the degree, even when lost earning potential is taken into account. A bachelor's degree graduate will make 26 times the investment, while an associate degree graduate will make 40 times the investment.
Descriptors: Higher Education, Outcomes of Education, College Graduates, Bachelors Degrees, Associate Degrees, Student Costs, Public Colleges, Student Loan Programs, Debt (Financial), Education Work Relationship, State Aid, Educational Finance, Student Financial Aid, Tuition, Fees, Income, High School Graduates, Unemployment, Labor Force Nonparticipants, Welfare Services, Educational Attainment
Kentucky Council on Postsecondary Education. 1024 Capital Center Drive Suite 320, Frankfort, KY 40601. Tel: 502-573-1555; Fax: 502-573-1535; Web site: http://www.cpe.ky.gov/
Publication Type: Numerical/Quantitative Data; Reports - Evaluative
Education Level: Higher Education; Postsecondary Education; Two Year Colleges; High Schools; Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Kentucky Council on Postsecondary Education
Identifiers - Location: Kentucky
Grant or Contract Numbers: N/A
Author Affiliations: N/A