When it comes to earning potential, college graduates have a clear advantage over those who only have a high school diploma. According to research, an average of 60% of college students earn more than a high school graduate after 10 years. However, in 30% of all universities, more than half of students 10 years after enrollment earn less than a high school graduate. This is likely due to low
college graduationrates and disparities in the dispersion of graduate distributions.
The histogram of graduates is broader compared to the histogram of non-graduates, meaning that the earning potential for college graduates is greater. For those who have recently graduated from high school and are trying to decide their next step, investing in college may be worth it. Unfortunately, four out of 10 college students drop out before graduating, often with debts they'll struggle to pay without a degree. On the other hand, college graduates with certain specializations may barely earn more than people with just a high school diploma.
After graduating, people with college degrees may struggle to find work in their chosen field and end up accepting jobs in the same places where high school graduates work.