News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Akron General

Wayside Furniture

Don Drumm Studios


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


College graduates have more debt, but it pays off in the long run
Cleveland Federal Reserve says college graduates still make more over their lifetimes
Story by BRIAN BULL


 
College graduates may have more debt, but they can expect to earn more in the long run.
Courtesy of John Walker
Download (WKSU Only)
In The Region:
Chances are that if you have nailed a college degree to your wall recently, you are also nailed with debt. But some new research from the Federal Reserve Bank of Cleveland says degree earners are still better off in the long-term than those without a diploma.
LISTEN: BULL ON COLLEGE

Other options:
Windows Media / MP3 Download (1:09)


The study examined households of people in their 20s where at least one member had a college degree, and compared them to households where no one had more than a high school education. The college grad households had more debt -- $15,000 more, acknowledged Dan Carroll of the Federal Reserve in Cleveland, who co-authored the study. 

“While $15,000 difference is a significant amount of money, that’s actually still relatively small compared to the expected difference in lifetime earnings between someone with just a high-school degree and someone who’s completed a college degree,” Carroll says.

The research shows that adults 30 and over with a college degree earn about $17,000 more a year than those who did not go to college. As Carroll suggests, it opens more doors down range.

“You’ll likely have access to senior level positions later in your career that you might otherwise be prohibited from," Carroll says. "Those senior positions can pay quite a bit more.”

That is true in the main scheme of things, but other studies highlight caveats. Recent analysis by The Economist magazine points out not all degrees are equally useful. A lot depends on where you went college, how much you paid, what you studied and what career field you ended up in. 

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Stories with Recent Comments

HOF's Canton expansion could take an island and make it a village
I live in the block from Broad St to the Hall of Fame and will be impacted by the expansion. I am in the process of selling my home and planned to long before i...

Cleveland redeploys police to replace rejected red-light traffic cameras
Periodic rotational enforcement without warning does NOT change behavior and the city officials know that. This is the basis of all officer-run enforcement trap...

New enrollment period offers more insurance options
The removal of federal funding for healthcare CO-OPs may limit the growth of the CO-OP movement. http://www.healthcaretownhall.com/?p=6381

The family of Boardman vet killed in Vietnam receives his medals
My name is Mike Eisenbraun. I am Larry's brother. I was 14 years old when Larry was killed in Vietnam. He has been gone for 46 years but it seems like yester...

Cleveland seniors are creating new wealth -- and facing new challenges
Why is anyone surprised that we people over 65 are not retiring? If you have been paying attention, defined company funded pensions were phasing out in the eigh...

Ohio company cuts off a dairy supplier after allegations of animal abuse
these people should be held accountable for their actions. i would be more than pleased to see a year or more behind bars. i will NEVER eat anything that comes ...

Goodyear recruits thousands of vets
What a wonderful interview! Excellent reporting skills by a talented young reporter! I look forward to hearing more from Ms. Schley!

Ohio Democratic Party begins the rebuilding process
I agree 100% with Sen. Brown. I think it is absolutely critical for the Democratic Party in Ohio to engage in the long, tedious, hard task of re-building from t...

They're talking again in the Macedonia bridge dispute
Norfolk Southern says the Ledge road bridge meets regulations for train traffic, however it was built as an overpass for a roadway and/or farm usage. I think t...

Cleveland City Council to consider transgender public restroom law
this is sick. I do not want my daughter in the same bathroom as a perverted 45 year old man. this proposed legislation could seriously damage the security of ch...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University