College Increases Earning Potential

Your child's education may be one of the largest investments you make during your lifetime. But when you take into account future earnings, it may also provide you – and your child – with the highest return.

Workers with a bachelor's degree earned about $27,000 more a year on average than workers with a high school diploma, according to U.S. Census Bureau figures that outline 2008 educational trends and achievement levels. Workers with advanced degrees earned about $50,000 more.

In addition, the unemployment rate for individuals with a bachelor’s degree or higher is less than half the rate for high school graduates, according to a July 2010 report of U.S. Bureau of Labor Statistics.

These statistics aren’t insignificant, especially when combined with the intangible benefits a higher education can provide. And they are definitely food for thought when considering a significant investment like your child’s education.