According to repeated analyses by economists at the Federal Reserve Bank of New York, a four-year degree generates an annual return of 14% over a 40-year career.
More high school grads are rejecting college debt; college presidents and lawmakers need to prepare for itA college degree is still the best way to earn more over your lifetimeYes, there are some examples, like the one cited in the PennLive piece, where someone without a degree may have a higher base salary early in their career than those who have a college degree. But if money is your only measuring stick on the value of higher education, your best choice is still college.
And college isn’t just about making more money. On top of those immense economic benefits, there are also societal benefits to a college degree. College graduates volunteer twice as often for local causes, donate 3.5x as much to local charities, are twice as likely to build a small business in their hometown, and 50% more likely to vote.Although the price tag of college has risen significantly, institutional financial aid at independent nonprofit institutions has risen more.
AICUP schools provide 90% of all financial aid grants to first-year students, with the federal government contributing 7% and the state government 3%. Their competitive net tuition and generous aid policies are part of the reason that PA remains the second-best net importer of out-of-state students in the country.
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