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Earning a college degree, on average, lifts income over a lifetime.
And compared to a certificate or an associate degree, on average, "the bachelor's degree still performs better over someone's lifetime in terms of return on investment," she said.
The heated response to the recently released paper titled "The Economic Value of a Law Degree," which found that a law degree on average had $1 million in value, thus was no surprise.
This confirms that recent graduates who stay in the college town where they completed their degree on average accept much lower paying jobs than those who leave.
And historic trends show a person with a college degree on average will have lifetime earnings anywhere from +80% to +400% more than a person without such a degree.
Julian (2012) provides Synthetic Work-Life Earnings (SWE) estimates that suggest that those with a STEM degree on average can expect to earn approximately $600,000 more than holders of non-STEM degrees over their work-life.
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Each college graduate with a four-year degree earns on average an extra $765,440 over a 40-year career.
It's 26 degrees on average.
So shifting consumption patterns, say, four degrees on average can mean energy savings of 20 percent, experts say.
When figures tell us that black workers with degrees on average earn 23% less than white workers with degrees, it's hard not to conclude that we are worth less.
Still, Mr. Duncan said, college has become increasingly important, since those with a bachelor's degrees, on average, will earn about a million dollars more over their lifetime than those with only a high school diploma.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com