A lot has been written about the cost of a college degree. Tuition costs keep rising, despite a more general plateau in wages for most American workers. The spread between costs and earnings has become so dramatic that debt resulting from school loans has ballooned to become larger even than mortgage debt.
So how long does it take to reap the benefits of such an expensive education? A new study the College Board concludes that it takes approximately 12 years, at age 34 for the average student. By the age of 34, the relative increase in income due to the degree attained has surpassed the total cost of the degree itself.
While 12 years might seem like a long time, most experts would argue it is a relative short time to wait, due to the fact that at age 34, you still have thirty years of work in front of you. For more, read the full article here.