Higher education can lead to more employment and income opportunities increasing your ability to attain financial freedom.
Many see earning a college degree as a steppingstone to the American dream. Though a higher education comes with the potential for higher income, first you have to tackle the challenge of paying for it. Whether you’re saving for the education of a child, spouse, or yourself, the sooner you start planning for education costs, the better.
But is a college degree worth the cost? While it depends on what you study and how much you pay, generally speaking, the answer is yes. College graduates typically earn higher salaries than those who stop at high school.
In fact, according to the Bureau of Labor Statistics, a person with a bachelor’s degree can earn as much as $1 million more over a lifetime than those with just a high school diploma.
A college education also makes you more appealing to a wider variety of employers and gives you greater job flexibility to adapt to changes in your workplace and in the economy. The result – lower unemployment for college graduates.