Statistics

Why Go to College? Here’s the economic incentive:

why-college

The Condition of Education 2016

Educational Attainment of Young Adults  25- to 29-year-olds 2014 2015
High school completion or higher 91% 91%
Associate’s or higher degree 44% 46%
Bachelor’s or higher degree 34%  36%
Master’s or higher degree  8%  9% ▲

 

Annual Earnings of Young Adults

Median annual earnings for 25- to 34-year-olds

2013 2014
With less than high school completion $24,300 $25,000▼
Who completed high school as highest level $30,500 $30,000 ▼
Who attained a bachelor’s or higher degree $50,800 $52,000

 

Price of Attending an Undergraduate Institution

Average net price at 4-year institutions

2012–13 2013–14
Public, in-state $12,930 $12,750▼
Private nonprofit $24,620 $24,690▲
Private for-profit $22,000 $21,000 ▼

 

Loans for Undergraduate Students 2012–13 2013–14
Average tuition and fees $11,200 $11,500 ▲
Average student loan amount $7,058 $7,063 ▲

 

Sources of Financial Aid 2012–13 2013–14
Percentage of students receiving any financial aid at 4-year institutions 85.0% 85.1% ▲
Percentage of students receiving any financial aid at 2-year institutions 78.3% 78.4% ▲

 

Percentage of Hmong children under age 18 in families living in poverty: 2014

Hmong_stat_poverty

Status dropout rates of 16- to 24-year-old Hmong students: 2014

Hmong_stat_poverty2

Sources:

  1. The Condition of Education 2016, The National Center for Education Statistics, http://nces.ed.gov/
  2. Bureau of Labor Statistics, Current Population Survey, unpublished tables, 2015