College Education Linked To Higher Pay, Job Security, Healthier Behaviors And More Civic Involvement: New College Board Report Bachelor's Degree Education Benefits

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The College Board’s Education Pays announce presents data communication with} modification in earnings by dissimilar characteristics such at the time that gender, race/ethnicity, occupation, college major, and institutional sector.

NEW YORK — Individuals with higher education levels earn more, pay additional taxes, and are additional liable than others to exist employed and to have job benefits such at the time that retirement and condition insurance. Adults with additional education are also additional liable to transfer up the socioeconomic steps and less liable to rely communication with} people assistance, according to Education Pays 2016, the latest announce from the College Board’s Trends in Higher Education series.

Updated triennially since 2004, Education Pays: The Benefits regarding Higher Education for Individuals and Society documents differences in the earnings and employment patterns regarding U.S. adults with dissimilar levels regarding education. The announce also establishes a correlation between education and condition outcomes, people involvement, and indicators regarding the well-being regarding the succeeding generation. In addition to documenting medial earnings by education level, this year’s announce also includes data communication with} modification in earnings by dissimilar characteristics such at the time that gender, race/ethnicity, occupation, college major, and institutional sector.

“Although obtaining a college degree can mean forgone wages during a time when they are also paying tuition, by days 34 the average bachelor’s degree recipient will have recouped those costs,” explains Jennifer Ma, senior policy research technologist at the College Board and a coauthor regarding the report. “A college education is an investment that pays dividends over the course regarding a course — even for students who accumulate some debt to obtain a degree.”

Although college enrollment rates continue to rise, the patterns are not level across demographic groups. Among students with similar steep school math test scores, those from wealthier families are a lot additional liable to enroll in college immediately following steep school, but the enrollment gaps by socioeconomic background are largest for those who are least academically prepared. Among those who enroll in college, students from disadvantaged backgrounds are less liable to begin at a people or nonpublic nonprofit four-year institution than others. 

“Given the steep payoffs regarding postsecondary education to both individuals and the community at the time that a whole, it is substantial that we raise college opportunity for all who can use and also improve completion rates,” notes Jessica Howell, executive director regarding policy research at the College Board. “We’ve designed our Access to Opportunity efforts to separate down the barriers that prevent students from applying to and enrolling in college. Our goal is to support all students identify and make the most regarding the opportunities they’ve earned.”

Key findings from the report:

Participation and Success in Higher Education

• In 2015, 82% regarding steep school graduates from the highest-income quintile enrolled immediately in college, compared with 62% regarding those from the middle-income quintile and 58% regarding those from the lowest-income quintile. (Figure 1.1)
• The gaps in college enrollment rates between sable and Hispanic recent steep school graduates and their grey peers were 11 percentage points in 2005. By 2015, these gaps had fallen to 8 percentage points for sable steep school graduates and 5 percentage points for Hispanic steep school graduates. (Figure 1.2A)
• In 2015, the percentage regarding female adults days 25 to 29 who had completed at least a bachelor’s degree was 24%, 18%, and 45% for blacks, Hispanics, and whites, respectively. The percentage regarding male adults days 25 to 29 who had completed at least a bachelor’s degree was 19%, 13%, and 38% for blacks, Hispanics, and whites, respectively. (Figure 1.6)
• The percentage regarding the steep school class regarding 2011-12 enrolling in college enclosed by a old age ranged from 31% in the District regarding Columbia and 32% in Nevada to 61% in Massachusetts and Connecticut and 62% in Minnesota. (Figure 1.7)

Earnings and Other Economic Benefits

• In 2015, medial earnings regarding bachelor’s degree recipients days 25 and older with of course not foremost degree working full time were $24,600 (67%) higher than those regarding steep school graduates. Bachelor’s degree recipients remunerated an estimated $6,900 (91%) additional in taxes and took home $17,700 (61%) additional in after-tax earnings than steep school graduates. (Figure 2.1)
• In 2015, together with adults between the ages regarding 25 and 64, 68% regarding steep school graduates, 72% regarding those with some college but of course not degree, 77% regarding those with an link degree, and 83% regarding those with a bachelor’s degree or higher were employed. (Figure 2.11)
• In 2015, when the unemployment rate for 25- to 34-year-olds with at least a bachelor’s degree was 2.6%, 8.1% regarding steep school graduates in this days assortment were unemployed. (Figure 2.12B)
• Among steep school sophomores whose parents were in the lowest-income group in 2001, 21% regarding those who earned at least a bachelor’s degree, 17% regarding those with an link degree, and 13% regarding those with only a steep school certificate had reached the highest-income quartile themselves 10 years later. (Figure 2.15)
• In 2015, 4% regarding bachelor’s degree recipients days 25 and older lived in poverty, compared with 13% regarding steep school graduates. (Figure 2.16A)

Variation in Earnings

• In 2015, the percentage regarding full-time year-round workers days 35 to 44 earning $100,000 or additional ranged from 2% regarding those without a steep school certificate and 5% regarding steep school graduates to 25% regarding those whose highest attainment was a bachelor’s degree and 38% regarding foremost degree holders. (Figure 2.3)
• Between 2013 and 2014, medial earnings for early career bachelor’s degree recipients ranged from $30,000 a old age for early childhood education and psychology majors to $54,000 for computer area of study majors, a $24,000 range. By mid-career, the assortment in medial earnings grew to $46,000 a year. (Figure 2.9)
• Institutional medial earnings be different by sector. The typical four-year college’s medial earnings regarding 2001-02 and 2002-03 federal fresher aid recipients ranged from $33,600 at for-profit institutions to $39,800 at people institutions and $40,500 at nonpublic nonprofit institutions. (Figure 2.10A)

Health, Volunteerism, and Civic Engagement

• In 2014, smoking rates were 8% and 26% for four-year college graduates and steep school graduates, respectively. Within every single education level, males are additional liable to smoke than females. (Figures 2.18A and 2.18B)
• In 2014, 69% regarding 25- to 34-year-olds with at least a bachelor’s degree and 45% regarding steep school graduates reported exercising vigorously at least once a week. (Figure 2.19A)

• In 2015, 39% regarding adult bachelor’s degree recipients and 16% regarding steep school graduates volunteered. (Figure 2.22A)
• Across every days group, adults with higher levels regarding education are additional liable to vote than those with subordinate levels regarding education. (Figure 2.23A)
• In the 2014 midterm election, the voting rate regarding 25- to 44-year-olds with at least a bachelor’s degree (45%) was additional than twice at the time that steep at the time that the voting rate regarding steep school graduates (20%) in the same days group. (Figure 2.23A)

To view the complete report, drop in on Education Pays 2016.

The Trends in Higher Education series provides sense into trends in college pricing and financial aid. A college education is critical to one’s long-term financial security, yet countless students and families face real financial barriers to college enrollment and success. The data communication with} college prices and fresher aid included in these reports create a context for evaluating people policies designed to raise educational opportunities.

 For additional information about the College Board’s work, please drop in on collegeboard.org

About the College Board

The College Board is a mission-driven not-for-profit company that connects students to college favourable outcome and opportunity. Founded in 1900, the College Board was created to expand access to higher education. Today, the membership association is made up regarding over 6,000 regarding the world’s leading educational institutions and is dedicated to promoting excellence and integrity in education. Each year, the College Board helps additional than seven million students prepare for a successful transition to college through programs and services in college readiness and college success—including the SAT^® and the Advanced Placement Program^®. The company also serves the education people through research and recommendation communication with} behalf regarding students, educators, and schools. For further information, drop in on collegeboard.org.

Contact:

College Board Communications Office

communications@collegeboard.org

212-713-8052

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