The early admissions deadlines for universities across the country have come and gone, and acceptance letters are on their way. But with the cost of a four-year college education rising an average of 5% a year, many students and parents are likely wondering whether the cost of a degree is worth it.
The simple answer is yes because people with degrees continue to earn far more than those without them. Last year, Americans with four-year college degrees earned on average 98% more per hour than people without them, according to the Economic Policy Institute. In the early 1980s, they earned 64% more.