CHAPTER 8

The College Equation

Steps 10 Through 14

23- to 25-year-olds with bachelor’s degrees make $12,000 more than high school graduates but by age 50, the gap has grown to $46,500. When we look at lifetime earnings . . . the total premium is $570,000 for a bachelor’s degree and $170,000 for an associate’s degree.

—Brookings Institution

Key Points

Although you certainly want a college education that will prepare you to get your first job, it’s more important to prepare for success—not just in that job, but in your entire career and your life.

Selection of your major is at least as important as your selection of a school in getting a job that makes use of your education.

Healthcare, engineering, computer science, and business majors ...

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