A recent study published by the Commerce Department's Census Bureau found that over an adult's working life, high school graduates can expect to earn $1.2 million. Those with a bachelor's degree do twice as well at $2.1 million. Those who stick out the classroom just one more time and earn a Master's earn about $2.5 million.
Wow.
How many times have you heard a co-worker say that he couldn't go to school because he needed to work to make his truck or motorcycle payment? That scenario is out of kilter for more than a few reasons. But, the biggest thing is this: The co-worker is sacrificing his education, his future earning potential tomorrow, to be able to continue making payments today to retire a loan that he has on a depreciating asset.
Earning a college degree is not for everyone. All do not have the ability, the temperament, or have the need in their current occupation for an advanced degree. If you can truly fit it into your schedule and lifestyle, why not double your lifetime income? In a few years, you will thank yourself. Your family might too.
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