How much is a college degree really worth?

Vanessa Richardson
College tuition, tuition, student loans, student debt
College tuition, tuition, student loans, student debt

It's amazing that college tuition continues to go up while the average family income remains stagnant. And those who can afford to graduate, finish with ever-growing college-loan debt. So what is a college degree really worth?

That's what the College Board tried to figure out in a new report titled "Education Pays," which details the financial, career and even health benefits of earning a college degree. The College Board started this study in 2004, updated it in 2007 and again this year. Its final results, however, have remained the same: employees with a four-year college degree earn much more and are less likely to be unemployed than those with just a high school diploma. Median earnings for full-time workers with bachelor's degrees in 2008 were $55,700, compared to $33,800 for those without them.