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Document Number: 11303

Do the Benefits of College Still Outweigh the Costs? - Getting a college degree - associate or bachelors - is still worth it, at least according to the Federal Reserve Bank of New York. Even though college costs more than ever and even though college graduates' salaries are declining, both degrees still earn an average return on investment of 15 percent. How could this be? Those without degrees earn even less. Returns vary within the 15 percent: engineering yields a 21 percent return and, at the bottom, is education with a 9 percent yield. (Jaison R. Abel and Richard Deitz, Federal Reserve Bank of New York, June 2014)...

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Economic/Workforce Development

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