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| How does education promote success? |
Education gives you tools for lifelong learning.
Education improves your quality of life.
Education expands your self-concept.
Education enlarges your possibilities.
Education improves your employability and earning potential.
Education makes you a well-rounded person.
Education affects both community involvement and personal health.
In Keys to Success: How to Achieve your Goals, by Carter, Bishop and Kravits, the authors write:
Education is more than the process of going to school and earning a degree or certificate. It is a choice to improve your mind and your skills. Education is what you make of it. If you make the most of your mind, your time, and your educational opportunities, you will realize your potential.
Mean Annual Earnings of Employed
College Graduates and High School Graduates
Aged 20 to 29, 1970 to 2000
| Year | High School Graduate | College Graduate | Difference |
| 1970 | $18,885 | $23,380 | $4,495 |
| 1975 | $17,853 | $22,713 | $4,860 |
| 1980 | $18,200 | $22,885 | $4,685 |
| 1985 | $17,034 | $25,837 | $8,803 |
| 1990 | $16,908 | $25,757 | $8,849 |
| 1995 | $15,976 | $24,874 | $8,898 |
| 2000 | $????? | $????? | $???? |
"The college investment is one of the most important choices that young adults and their families will make in their lives for two reasons. First, the expense of college is among the costliest that individuals will make. And second, the college investment decision has a lifelong impact not only on the level of economic well-being that individuals experience, but also on their psychological well-being and social status." This statement starts Fogg, Harrington, and Harrington's book, The College Majors Handbook: The Actual Job, Earnings, and Trends for Graduates of 60 College Majors.
For various reasons, young adults are entering post-secondary educational institutions in large numbers. More than two-thirds of seniors who graduated in the spring of 1997 enrolled in post-secondary educational programs.
The authors describe college as a journey, "...but as with all journeys, it has meaning only when a destination is reached." As the chart above shows, the average rate of economic return on a bachelor's degree is high, and gaining through the years.
Higher Education is an investment. Webster's definition of invest is 1: to commit (money) in order to earn a financial return, 2: to make use of for future benefits or advantages. Since the end of the 1970s, the difference in earnings between high school graduates and college graduates has significantly increased. In 1990, a young person with a college degree earned 52% more per year than a young person with only a high school degree.
The choice of which field of study and which type of educational institution play a major role in determining future long-term earning potential. This decision should not be made without a great deal of research into the career choice, personal preferences, and educational opportunities.