Attendees of 1 in 4 higher education programs earn less than high school grads, study finds
CBSN
Americans are increasingly skeptical of the value of a post-secondary education at a time when college attendance costs are soaring. In some cases, those doubts may be justified, according to a new analysis of earnings data from almost 4,000 colleges and other higher education programs.
A decade after enrolling, attendees of 1 in 4 higher education programs are earning less than the median annual income of $32,000 for high school graduates, according to The HEA Group, which analyzed data from the Department of Education to track the earnings outcomes of about five million students.
About 8% of institutions show their students' median income a decade after enrolling is less than $22,000 a year, or about 150% of the federal poverty line — low enough to qualify for some public assistance programs, The HEA Group found.
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