Higher Education Offers Significant Benefits to Individuals and Their Communities
Higher education adds tremendous value to the quality of life enjoyed by
individual Americans, the strength of our nation's economy, and the health of
our communities. Some of the benefits of higher education include:
- College graduates have the potential for greater annual and lifetime earnings
than high school graduates, and those financial benefits tend to
increase over time.
- According to data from the U.S. Census Bureau, average annual earnings for adults
18 years and older with bachelor's degrees ($54,689) were 86 percent
higher than for high school graduates ($29,448).
- The Census Bureau also estimates that average lifetime earnings were 75 percent
higher for those with a bachelor's degree ($2.1 million) than for those
with only a high school diploma ($1.2 million).
- In 1975 the mean annual earnings for full-time male college graduates were 50
percent higher than for high school graduates of the same age. By 2002,
using the same criteria, mean annual earnings for male college graduates
were 94 percent higher than for high school graduates.
- The trend is even more pronounced for females. In 1975, female college graduates
earned 45 percent more than female high school graduates. By 2002,
that figure had increased to 79 percent.
- A highly educated work force supports a healthy economy. The unemployment
rate for college graduates is less than half the jobless rate for those
with no college experience. College graduates tend to have a broader and better
selection of job opportunities than high school graduates, giving them
more options and opportunities over time. Broader employment options
contribute to increased job satisfaction and upward mobility. Advanced
learning is key in an economy that increasingly values brains over
brawn.
- Higher learning helps strengthen communities. Information complied
by the Coalition of Colleges and Universities indicates that
college graduates are less likely to rely on government assistance programs,
but college graduates contribute more to fund these programs. In addition,
college graduates are more likely to vote than those with only a high
school diploma. College grads also are more likely to volunteer for
community service.