A recent study found that a bachelor’s degree is estimated to be worth $2.8 million on average over a lifetime, and those who earn one make 84% more than the average high school graduate.1 But it’s not just about higher income — our economy is transitioning to knowledge-based workers and jobs that don’t require a degree are beginning to fade away.2 Nearly two-thirds of all jobs in the US — including 18 of the fastest 30 growing professions — require some sort of postsecondary education.3
The numbers on college attendance bear this out: Fifteen million students attend an institution of higher education in the U.S. every year. Where do they go? Well, that’s the good news. There are currently approximately 1,970 bachelor’s degree-awarding institutions in the U.S.4
The growth in the number of colleges, coupled with the expansion of the student body, has meant that highly specialized degrees and institutions are becoming... ...
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