How much does university cost and does it boost earnings?

Attending university can be a significant financial investment for many students. The cost of tuition, housing, books, and other expenses can add up to tens of thousands of dollars per year. However, the potential long-term benefits of earning a university degree, such as higher earning potential, can outweigh the initial costs.

According to the U.S. Bureau of Labor Statistics, individuals with a bachelor’s degree earn significantly more on average than those with only a high school diploma. In fact, in 2019, the median weekly earnings for someone with a bachelor’s degree were $1,248, compared to $746 for someone with only a high school diploma.

While the cost of attending university continues to rise, it is important for students to consider the potential return on investment in terms of future earnings. Many studies have shown that individuals with a university degree have higher lifetime earnings and are more likely to be employed in higher-paying and more stable jobs.

Ultimately, the decision to attend university and incur the associated costs is a personal one that should be weighed against the potential benefits in terms of higher earning potential and career opportunities.