Friday, June 6, 2014

Go to college

    Listen up, high school grads and parents of high school grads.
    We’re all proud of your achievement, but high school grads shouldn’t be done with education yet. They need to hear and heed the drumbeat, “Go to college, go to college, go to college.”
    By hook or by crook, now or later, with scholarships, with loans, with work-study programs, by taking longer than the standard four or five years to do it, or financed by the Bank of Mom and Dad, high school grads should go to college.
    Despite all the blather that’s piled up in these challenging economic times about whether a college education is worth the effort, the time spent, the wages lost, and the cost, it turns out that it’s worth all of that—and more.
    A new study of U.S. Labor Department statistics by the Economic Policy Institute found that Americans with four-year college degrees made an average of 98 percent more per hour on in 2013 than those without. The EPI is a nonprofit, nonpartisan think tank.
    The huge difference adds up over a lifetime, and it’s not anything new. The EPI found that the pay gap was up from 89 percent just five years year earlier and up from 64 percent in the early 1980s. Not only that, the current unemployment rate for college grads is 3 percent while the rate for high school grads with no college is 6 percent, according to BLS figures.
    The EPI also found that the wage benefits weren’t limited only to those who graduated from top-ranked U.S. colleges and universities, but extended to all college grads. Sadly, the difference did not accrue to those with “some college” or those who completed only community college courses.
    No average high school grad should choose to accept 50 cents when he or she can get $1.00 and make their families, country and communities smarter and stronger at the same time.

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