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Updated: 2017-03-27T05:05:00-04:00

 



Average College Degree Pays Off by Age 34

2017-03-27T05:05:00-04:00

Here's a piece by CNN Money that says the average college degree pays off by age 34. The details: If you're debating the value of your college degree, rest assured it will likely be worth the cost -- eventually. It takes an average of 12 years to recoup the cost of getting your Bachelor's degree, according to a new report from The College Board. In other words, you will have earned enough money to repay the cost of your degree and make up for your time out of the workforce by the age of 34. I'm a big believer in...

Here's a piece by CNN Money that says the average college degree pays off by age 34. The details:

If you're debating the value of your college degree, rest assured it will likely be worth the cost -- eventually.

It takes an average of 12 years to recoup the cost of getting your Bachelor's degree, according to a new report from The College Board.

In other words, you will have earned enough money to repay the cost of your degree and make up for your time out of the workforce by the age of 34.

I'm a big believer in getting a college degree, but you have to do it the right way. I've detailed how to make the most of a college degree previously, so I won't cover that again. But I will say the summary is to 1) minimize cost of the degree while 2) maximizing the post-graduation earning potential.

I'm not sure where I'd be without my degree but my bet is that I wouldn't be retired. My undergraduate and MBA degrees helped open the right doors for me and from there I took advantage of the opportunities.

How about you? Anyone thankful they did or didn't get a college degree (or sorry they got one)?