Find Your Perfect Program:
Virginia Launches Database to Show the True Value of a College Degree
By Catherine Groux
Posted February 22, 2012 04:15 PM
Various studies have shown that over the course of an individual's career, their decision to go to college and earn a bachelor's degree is usually worth the initial cost it takes to do so. According to a 2011 study by the Pew Research Center, a typical college graduate makes about $650,000 more than the average high school graduate over the course of their 40-year career.
However, the net worth of a college degree varies depending on what school an individual goes to and what they major in. Therefore, despite studies such as those from the Pew Research Center, many parents and students still question the true value of college.
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Many students wonder whether earning a college degree is worth it. order to clear up some of the guesswork, Virginia lawmakers have spent the past two years launching two bills that will give individuals access to key information when deciding whether or not to attend college, The Chronicle of Higher Education reports. The bills created a public database, which, beginning this spring, will allow individuals to access their potential earnings over a six-year period by the type of program they choose and the school they attend.
Still, while the database will be a valuable resource for many degree seekers who go to school in the state, the Chronicle reports that it will only take information on students who graduated from state institutions and work in Virginia into account.
