Posted May 11, 2019 03:11:19The price of attending college is a topic of conversation in the United States, and the price of tuition is one of the biggest sticking points for students and families alike.
But a new study from the Brookings Institution and The Washington Post suggests that colleges aren’t being fair to graduates.
The paper, titled “Do Colleges Pay Tuition for College Graduates?” analyzed data from the Department of Education’s College Cost Index, which tracks tuition and other costs for students.
The average cost of attending a four-year public college in the US is $25,542, according to the report, and students who earn less than $50,000 a year will pay $2,527 less on average.
But in the 10 years after graduating, those costs have decreased by nearly half, to $22,058, according the report.
The report also found that more than a third of graduates were still paying the full cost of their education.
The study found that those with college degrees earned an average of $22.50 an hour for their jobs in the workforce in 2019, while those with bachelor’s degrees earned $29.55 an hour.
Forbes.com found that median hourly earnings for graduates with bachelor degrees were $28.70, while median hourly wages for those with associate degrees were only $26.10.
But the report also showed that graduates with graduate degrees from private colleges and universities had an average wage of $23.08 per hour, and graduates with doctoral degrees earned nearly $35 an hour more than their peers who were not enrolled in graduate programs.
For the full report, read more at The Washington Times.