How Higher Education Helps the Economy

How Higher Education Helps the Economy

Another great infographic from our friends over at Online Universities Resource.

The main metric in this infographic is Return on Investment or ROI. They used a recent study by PayScale to determine which colleges had the best ROI. This means that based on the amount you would have to pay for tuition, your ROI is the amount of financial reward that you would receive in return for your education. Translation? How good of a job you can get and keep over the course of your career!

We’ve talked before about how your job prospects and the ability to earn a competitive wage are the new standard for colleges and universities. When you sink $100,000 into your college education and then end up with no job prospects and student loan bills that you cannot pay, you not only hurt yourself but you become a drain on society and our government. Avoiding this at all cost should be your goal. You can do this by spending as little as possible on your college education, by finding the best job possible, or by doing both and keeping all of your options open.

The chart at the bottom is also very interesting. It looks at the current unemployment rates in America and the corresponding majors that those unemployed folks pursued while in college. Architecture and the Arts have taken a beating in recent years. Always good to think about these things before deciding what your major in college will be!

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9 thoughts on “How Higher Education Helps the Economy

    1. MoneyforCollegePro Post author

      @Jeff — I am with you. I don’t always see the benefit in it, but then other times I look back on my life and career and see that I would not have gotten anywhere close to where I am without my degree.

      Reply
    1. MoneyforCollegePro Post author

      @Elizabeth — Duke is an awesome school. My alma Mater is a fellow ACC School, so I don’t much care for Duke in sports…..but it is a great school and certainly work the investment to attend there!

      Reply
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