As tuition costs rise, many people are beginning to question the value of a college education. But a degree from one type of institution can still pay off, according to a recent study.
Attending a public university that charges in-state tuition may be a good investment for anyone who continues to earn at least $50,000 before taxes for the first 10 years after graduation, according to a Strada Education Foundation study.
Students who attend such schools must be able to repay their student loans, the foundation adds.
The premium exists even in states with the most expensive education, Nichole Torpey-Saboe – Strada’s vice president of research – told the Wall Street Journal.
Strada says the average cost of college tuition and fees is $8,000 a year. You can expect to pay an additional $11,000 for room and board.
Compare that to private school tuition and fees, which run an average of $30,000.
Although community college is less expensive than attending four-year schools, it does not have the same benefits and often does not support the cost of attending school, according to Strada’s research.
If the cost of college has you worried, maybe it’s time to check out “Ten Colleges Where Tuition Is Free.”
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