Is College Worth It? Perhaps a Degree From MIT and Lehigh but Maybe Not Podunk U.
The so-called degree premium has long been the biggest selling point of going to college. Simply put, on average college graduates earns more over a lifetime than high-school graduates.
In 1983, the so-called wage premium was 42 percent. That’s how much more the typical bachelor’s degree recipient earned compared with a high school graduate. Today, it surpasses 80 percent.