Is college worth the cost?

Published On: Aug 06 2014 11:28:15 AM EDT
Updated On: Jul 28 2014 06:20:00 AM EDT

The average annual cost of college is $20,000, according to the Federal Reserve. For most students, that means graduating deep in debt. With that kind of price tag, is a degree even worth it?

According to a new report from the Federal Reserve, the answer is yes. The average college grad paying an annual tuition of $20,000 can recoup the costs of college by age 40.

After that, the difference between earnings continues such that the average college graduate earns over $800,000 more than the average high school graduate by retirement age.

The full report from the Federal Reserve went on to say that there is no definite evidence that high-cost colleges produce far superior results for all students.

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