As student loan debt becomes a bigger concern in an economy where advanced degrees are a necessary part of workplace success, a new study seeks to establish the return on investment when it comes to student debt and future earnings.
College degrees are more important than ever, with study after study demonstrating the need for higher-level skills and knowledge to succeed in a challenging workforce.
A report from the Pew Research Center shows that people between the ages of 25-32 with a college degree make 63 percent more than those without a degree. In 2015, 68 percent of the 1.9 million students who graduated took on some form of student debt.
But certain factors can increase students’ return for their “debt investment,” including academic rankings, SAT scores, and average potential earnings.
A new study from NitroCollege.com analyzed more than 4,600 public and private universities to determine the average amount of debt and earning potential 10 years after enrollment.