Skip College and Forfeit $800,000 In Earnings – Says New Federal Study

SAN FRANCISCO (Reuters) – Over a lifetime, the average U.S. college graduate will earn at least $800,000 more than the average high school graduate, a study published Monday by the Federal Reserve Bank of San Francisco shows.

That’s after accounting for the high cost of college tuition and the four years of wages lost during the time it takes to complete a typical undergraduate degree, the researchers found.

“Although there are stories of people who skipped college and achieved financial success, for most Americans the path to higher future earnings involves a four-year college degree,” wrote Mary Daly, the San Francisco Fed’s associate director of research, and Leila Bengali, a research associate, in the latest Economic Letter from the regional Fed bank.

In short – “college is still worth it.”

Click the link to read entire story Skip college, forfeit $800,000: Fed study – Yahoo News.