“Education is the most powerful weapon which you can use to change the world.” ― Nelson Mandela

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The Value and Cost of an Education

The median earnings of workers aged 25 and older with a Bachelor’s Degree was $56,500 in 2011, approximately 60% higher than those with only a high school diploma.

The median earnings of workers aged 25 and older with a Master’s Degree was $70,000 in 2011, approximately 98% higher than those with only a high school diploma.

The median earnings of workers aged 25 and older with a Professional Degree (like a law degree) was $102,200 in 2011, approximately 189% higher than those with only a high school diploma.

The median total cost for a public four-year in-state education is $18,391 per year versus $31,701 for a public four-year out-of-state education per year.

The median total cost for a private nonprofit four-year education is $40,917.

Source: College Board