Re-enrollment and graduation increase income
Students who return to college and complete their bachelor’s degree see their annual income increase immediately after graduation, along with income growth each year after, according to a new study from Kansas State University.
Amanda Gaulke, an assistant professor of economics at the College of Arts and Sciences at KSU and researcher for the study, found that students who return to college and complete their bachelor’s degree earn an average of $ 4,294 more immediately afterwards. graduation and see their income increase by $ 1,121 per year, on average. The study, published in the Journal of the economics of education, found that students who re-enroll but do not complete their studies also experience small earnings gains. The average graduation age for re-enrolling and graduating students is 27, Gaulke said in a press release, noting that they have “many years of work left to find out. better results on the labor market â.
âThis information is important for people who are wondering if they should go back to school,â Gaulke said. âWhen you think in terms of weighing the costs and benefits, it’s important for these people to know that there are real economic benefits to going back and getting a bachelor’s degree. “