The Diversified Blog

A wealth management blog dedicated to creating a long lasting sustainable retirement.

10 Best College Majors for a Lucrative Career

Here is a nice article by Stacy Rapacon of Kiplinger:

 

By Stacy Rapacon, Online Editor | September 2017

 

College is often considered the surest path to a lucrative career. After all, according to the U.S. Bureau of Labor Statistics, a worker with a bachelor's degree typically earns two-thirds more than someone with just a high school diploma.

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10 Best Values in U.S. Colleges, 2017

Here is a nice article provided by Kaitlin Pitsker of Kiplinger:

 

By Kaitlin Pitsker, Staff Writer | March 2017

 

To help you sort through your college choices, we present the creme de la creme of our annual list of best value colleges and universities. These 10 schools are the top-scoring schools in our combined ranking, which compares private universities, private liberal arts colleges and public colleges (using-out-of-state costs) to help you see your options side by side. As always, we look for schools that meet our definition of best value: a blend of academic quality and affordability. Among our criteria for academic quality are a competitive admission rate, a high four-year graduation rate and a low student-faculty ratio. We look for schools with a reasonable price tag, generous financial aid for students who qualify, and low student debt at graduation. We’ve also included future earnings data, based on the median earnings of workers who started at a particular college 10 years earlier, to give you an idea of what attending a particular institution may mean for a student’s post-graduation salary.

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The Real Cost of College: Crunching the Numbers

So who can afford to pay $60,000 a year for a college education? Harvard College has disclosed that the full cost of attending the venerable institution, including tuition, room and board, and fees for the 2014-2015 academic year will be $58,607, up 3.9% from the $56,407 charged last year. Yale announced similar increases to its price tag for the coming academic year -- a 4% jump to $59,800. 1

 

Elite schools aside, the sticker-shock of attending college is still very real. Nationwide, the total average cost of a year at a private four-year college was $40,917 for the 2013-2014 academic year, while four-year public colleges came in at $18,391. 2

 

But there is more to the story than the so-called "published" costs. These eye-opening amounts are based on the full price that colleges list in their admissions documentation -- and that only the wealthiest families are asked to pay. Dig deeper into the numbers and you will find that the majority of college students pay nowhere near the published costs. Instead, most qualify to receive some form of financial aid that brings the total cost down to a more manageable bottom line. This dollar amount is referred to by The College Board and others in the field as the "net-price" tuition.

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© 2014 Diversified Asset Management, Inc.

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