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Higher education leads to many benefits, including opportunities for a life-long career
and financial stability. In today’s world, educational attainment plays an even more significant role in other aspects of people’s lives — it increases opportunity and improves overall quality of life and longevity. Higher education changes outcomes for individuals, their families and the U.S. economy.
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According to the U.S. Bureau of Labor Statistics, the median salary earned by a person with a bachelor’s degree is $64,896, which is $33 per hour. This does not include the benefits packages and fringe benefits oered as a part of a regular compensation package. Future earnings vary based on degree type.
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The earnings of the 583,667 bachelor’s degree recipients from private, nonprofit
colleges and universities over the course of their 40-year careers will total $3.1
trillion dollars, support and sustain a cumulative total of 17.4 million jobs and
generate $382 billion in fiscal impacts at the local, state and federal level.
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The table below shows the impact of graduates from private, nonprofit colleges
compared to students that opted not to pursue higher education after high school.
Over a 40-year career, a degree at a private, nonprofit college or university generates
an additional $2.1 trillion, supports and sustains 11.4 million jobs and creates
$258 billion in local, state and federal taxes when compared to students not attending
a private, nonprofit college or university.
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