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See The Value Of A College Education - Our Calculator Shows The Difference

What is the value of a college education?

It may surprise you that, on average, an individual with a bachelor's degree earns approximately $82,576 per year, compared to the $46,228 average yearly salary of a worker with a high school diploma. Use this calculator to see the value of a college education.

Source: Bureau of Labor Statistics, 2023.

Earnings

Assumptions

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Is College Worth the Cost?

Many people put off planning for their children's educations until the kids are well into their teens. Often, they discover they've waited too long. With a late start, they have little time to accumulate the assets they need, and miss the chance to plan opportunities to maximize available financial aid. Ideally, the best time to begin planning for your children's education is the day you learn you're going to be a parent.

There are many factors to consider when planning for your child's education. These include whether you favor public, private, parochial, or home schooling, and how to pay for education. Many families even plan where to live by choosing which primary and secondary school districts their children will attend. Then there's higher education. College or trade schools?

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Definitions

  • Current ageThe age you plan to begin working.
  • Anticipated annual income The gross annual salary you expect to earn if you do not earn a college degree.
  • Anticipated annual income The gross annual salary you expect to earn if you obtain a college education.
  • Retirement ageThe age you plan to stop working.
  • Annual salary increases The rate at which you expect your salary to increase if you do not earn a college degree.
  • Annual salary increases The rate at which you expect your salary to increase if you do go on to earn a college degree.
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Estas informações podem ajudar você a analisar suas necessidades financeiras. Esse serviço se baseia nas informações e suposições fornecidas por você, em conformidade com suas metas, expectativas e situação financeira. O serviço não deve levar à conclusão de que a empresa assume quaisquer deveres fiduciários. Além disso, você não deve se valer desse serviço como sua única fonte de informações. Essas informações são fornecidas por fontes que acreditamos ser confiáveis, mas não podemos garantir a exatidão delas. Ilustrações hipotéticas podem fornecer dados históricos ou atuais de desempenho. Desempenhos passados não garantem, nem indicam, resultados futuros.
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