An Edamerica Private Loan for higher education is an education investment. In the United States Department of Commerce 2000 Census, education debt in the United States is recognized as an investment in the individual. The earnings of college graduates over their lifetime amounts to 80% more than those with a high school diploma.
The Return on Investment of a four-year college degree is 16 times the total tuition cost, based on an annual tuition expense of $10,000 per year, and 20 times the total tuition cost for a Master’s degree.
| Cost of Degree | Annual Income | Lifetime Earnings | Return on Investment | |
|---|---|---|---|---|
| High School Diploma | $0 | $26,200 | $1,048,000 | N/A |
| 4-Year Degree | $40,000 | $42,200 | $1,688,000 | 16 X |
| Master’s Degree | $20,000 | $52,300 | $2,092,000 | 20 X |
According to the Bureau of Labor Statistics, better educated workers face fewer challenges and greater opportunities with regard to employment. The employment rate is highest for those with the highest levels of education. The employment rate is lowest for those with the lowest levels of education.
*As of January 2004, for adults 25 and older
Source: Bureau of Labor Statistics
