Is there value in pursing a higher education?

By Mark Storer, Bay Area News Group, April 26, 2015

  • most important thing to learn in college had more bearing on who he/she is rather than what he/she does
  • on individual level, when we look only at earnings potential as the value of education, we miss a large part of the picture
  • it is completely possible for education to lead people down a path that does not increase (or possibly even decreases) lifetime earnings, but could lead them to personal and professional fulfillment
  • college is an institution; the location of that institution and the people who make up that institution are the source of the mind expansion, horizon-broadening that takes place during the college years
  • statistical date returned over more than 40 years of research show that those with Bachelor’s degrees or higher earn more than their counterparts who don’t get a degree
  • Does College Matter? (2014 Annual Report) Federal Reserve Bank of San Francisco
    • even for entrepreneurs, college is still the best place to develop skills, meet mentors and learn about what it takes to compete in the market
    • college environment is ideal for entrepreneurial-minded students to try out their ideas
    • it’s a pretty safe environment
    • college will hook your up with a mentor, in some cases provide funding and then you get to go out and validate your idea
    • colleges have the sort of perfect ecosystem that will support the pursuit of ideas
    • average college graduate earns enough “extra” to recover the cost of attending most colleges in fewer than 15 years
    • after that, the earnings advantage remains leaving the typical college graduate with a significant net return
    • College Calculator
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