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Study: For Nearly One-Third of Students, Higher Ed Doesn’t Pay Off

BestColleges

The median ROI for a bachelor's degree is $160,000. It estimates that 43% of master's degrees aren't worth the cost. For students in such programs, it concludes, "the earnings benefits of the degree are unlikely to fully compensate students for the cost and risk of pursuing postsecondary education." But wait, you say.

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Black Gen Z Students Less Likely to Believe They’ll Be Able to Afford College

BestColleges

Black students are, historically, less likely to be able to afford college and account for a disproportionate number of Pell Grant recipients and student loan borrowers. This leaves Black families and students more likely to need the assistance of grants and loans when it comes to funding their education.

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Rising Grad School Debt Is Decreasing Students’ ROI

BestColleges

Despite these rises, median earnings have mostly remained steady for graduate degree-holders since 2003, when adjusted for inflation. Ten years after graduating with their bachelor's degree, the average median earnings for any graduate degree-holder was $83,372 in 2003 and $83,778 in 2018 — only a $406 increase in 15 years.

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Study: Black, Hispanic Students More Likely to Consider Leaving College Than White Peers

BestColleges

In 2018, 76% of Black bachelor's degree-completers had federal loans and borrowed over $6,000 more on average than all bachelor's degree-completers, according to a BestColleges report.

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Is a Business Degree Worth It? Key Facts and Statistics

BestColleges

Data Summary Check The average annual salary for a bachelor's in business administration is $73,000. [1] 1] Check The median starting salary for 2021 graduates with a bachelor's in business was $57,190. [2] 3] Check Most careers in business and finance require at least a bachelor's degree. [4]

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How Do Most People Pay for College?

BestColleges

According to recent data from the Department of Education (ED), about 8 in 10 bachelor's degree students (82%) have had help from their parents to pay for college. [1]. 41% borrowed federal student loans. But most people rely on a combination of sources, including scholarships, student loans, and help from their parents.

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How Much Does Trade School Cost?

BestColleges

According to the Integrated Postsecondary Education Data System, in 2018-2019, the average non-degree granting program estimated that books and supplies cost students $1,518. [4] Among those that did in 2018-2019, the average cost of room and board was about $8,690. How Does Trade School ROI Compare to a Bachelor's Degree?