It is no secret that college-educated workers enjoy a substantial wage premium. In recent years, the wage gap between university graduates and those with less education has only continued to widen. However, a study conducted by the center-left study center Third Way found that in 52 percent of schools, more than half of those enrolled earned no more than the typical high school graduate six years after starting their studies. Even after 10 years, the figure was still 29 percent.
These findings suggest that when considering whether or not to attend college, potential students should not only consider the potential for higher income. The Department of Education also provides data on the proportion of people who received federal student aid, worked and weren't enrolled in school, and earned more than the typical high school graduate six years after entering college. It is clear that college graduates typically earn more than those who do not attend college. However, it is important to consider other factors such as the cost of tuition and the potential for higher income when making the decision to attend college.
Additionally, it is important to remember that even after attending college, there is still a chance that one may not earn more than a high school graduate.