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| Like any other investment, the earlier a student starts investing in education, the greater the potential for payoff. As the following chart shows, average salary is greatly dependent on the amount of education one receives. |
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| No high school diploma |
$18,900 |
$1.0 |
| High school graduate |
$25,900 |
$1.2 |
| Some college |
$31,200 |
$1.5 |
| Associate’s Degree |
$33,000 |
$1.6 |
| Bachelor’s Degree |
$45,400 |
2.1 |
| Master’s Degree |
$62,300 |
$2.5 |
| Professional Degree |
$99,300 |
$4.4 |
| Doctoral Degree |
$89,400 |
$3.4 |
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Salary data taken from the "Big Payoff: Educational Attainment and Synthetic Estimates of Work-Life Earnings" - a special study conducted by the 2002 U.S. census.
Another key question is, "What is the value of going to a better university?" |
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| Cal State Fullerton |
Low $40,000s |
| UC San Diego |
$41,000 |
| UCLA |
$75,000 |
| Ivy League |
$150,000 |
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2006 average salaries taken directly from each school's website. Note that annual average salaries have been dropping progressively for the past few years for every degree of bachelor's or below. Average salaries over the same period for those with graduate degrees have increased through the same period.
The lifetime payoff of a quality education for your child is potentially worth tens of thousands to over a hundred thousand dollars a year and a couple million over his or her lifetime. |
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