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May 20, 2004 -- College grads make 40 to 60 percent more

Clark has mentioned studies that show how much additional money you’ll make over your lifetime if you have a college degree or advanced degree. There is a humongous difference in earnings, usually between 40 and 60 percent more with a college degree. But Clark recently saw a report from the Bureau of Labor & Statistics that makes the strongest case for why people should get a college degree. The nation’s unemployment rate for people holding college degrees is down to 2 percent. For those without college degrees, the rate is between 6 and 7 percent. The recent recession was very hard for college-educated workers who lost their jobs. But overall having a college education is invaluable in the long run. Also, colleges have become obsessed with keeping in touch with alums and offering job placement services to former graduates. So, there are great networking and career services through your alma mater. They will ask for your donation money in return, but that's fine. You are getting something out of it too.

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