The value of higher education
It is generally accepted that those with higher levels of education will be able to secure better jobs with higher salaries. But have the benefits of a four-year degree course changed over time?
Higher education in the US brings with it many benefits which can have a positive impact on life outcomes for an individual in terms of both financial security and social mobility – with a knock-on benefit for wider society. However, the perceived cost of the four-year undergraduate education system can act as a deterrent to many would-be students. The level of the return on investment, in terms of better paid jobs and more rewarding careers, is dependent on many factors, including choice of subject. This study looks at how that return on investment has shifted over time, with a particular emphasis on the changes in some degree fields and for certain racial and demographic groups.