MAY 19, 2022 - Prospective Students Deserve Real Facts Up Front From

INFORMATION ON AVERAGE INCOMES WILL HELP PROSPECTIVE STUDENTS DECIDE IF THE PRICE OF THE SCHOOL AND THE FIELD OF STUDY ARE WORTH THE INVESTMENT. [...] For students who have shouldered high costs to obtain a degree, not realizing the wage and employment premium can be a major setback.8 Even for students that eventually do realize higher earnings after obtaining a degree, the high up-front cost of college can dig a hole that takes years to overcome—on average it takes student loan borrowers two decades to pay off the debt.9 Fortunately, policymake. [...] Many good-paying jobs do not require a college degree.14 For example, the Bureau of Labor Statistics projects that the health care and social assistance sector will add the largest number of new jobs by 2030.15 While some of those jobs will require additional schooling, there are plenty that require less than a college degree.16 Underemployment figures further underscore the availability of good-p. [...] While the “four-year degree” implies a completion time of four years and 90 percent of college enrollees expect to meet that mark, that is not the reality for many students.18 Instead, only two in five students complete a four-year degree in that timespan.19 And colleges move the goalpost to match up with that reality by advertising their six-year graduation rate to the public while still maintain. [...] 4 PROSPECTIVE STUDENTS DESERVE REAL FACTS UP FRONT FROM COLLEGES AND UNIVERSITIES | MAY 19, 2022 | TheFGA.org Providing prospective students with information about average incomes will help them decide if the price of the school is worth the investment For students shouldering the cost of higher education, the payoff is important.