Education Pays: The Importance of a College Degree

A college education can make a real difference in the lives of Hispanics. A report by The College Board suggests that workers with a college degree make more money over a lifetime, and are much less likely to be unemployed than those with only a high school diploma.

Even during economic downturns, the report finds that individuals with a college degree also have a better chance for employment. Studies show that the unemployment rate for college graduates is about half that of high school graduates.

The Earning Potential of a Bachelor’s Degree

According to the U.S. Census Bureau, workers 25 years and older with a bachelors degrees earn an average of $82,720 a year, while those with a high school diploma earn $41,248. Over the course of a lifetime, a college graduate is likely to earn $830,000 more than a high school graduate.
However, earning a college degree is about more than just a bigger paycheck. It’s about a sense of accomplishment. It’s learning who you are, realizing your potential, and creating new opportunities. The path to a successful future has often included a college education. And, college can help place more Hispanics in positions of influence, from which a contribution can be made to the Hispanic community.