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College & Education

What Is The Value Of A College Education?

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2.477032/5

It may surprise you that, on average, an individual with a bachelor's degree earns approximately $54,392 per year, compared to the $31,044 average yearly salary of a worker with a high school diploma.

Source: U.S. Bureau of Labor Statistics, January 2007, Usual Weekly Earnings of Wage and Salary Workers - People 25 Years Old and Over.

Earnings and Assumptions	Input
Current age	(1-99)
Retirement age	(1-99)
Anticipated annual income: (no degree)	(0-9999999)$
Annual salary increases: (no degree)	(0-10)%
Anticipated annual income: (secondary education)	(0-9999999)$
Annual salary increases: (secondary education)	(0-10)%

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Earnings and Assumptions	Input
Current age
Retirement age
Anticipated annual income: (no degree)
Annual salary increases: (no degree)
Anticipated annual income: (secondary education)
Annual salary increases: (secondary education)

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{ "fields" : { "udata" : [ "currentAge" , "retirementAge" , "uneducatedIncome" , "uneducatedIncreases" , "educatedIncome" , "educatedIncreases" ] } }

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Rates

See today's average rates across the country.

• Mortgage

  Loan Type	Today	Last Week
  30 Year Fixed	5.29%	5.34%
  15 Year Fixed	4.73%	4.67%
  1 Year ARM	3.86%	3.87%
  30 Year Fixed Jumbo	6.10%	6.20%
  5/1 ARM	4.48%	4.50%
  3/1 ARM	4.87%	4.87%

  Source: Bankrate
• Home Equity

  Loan Type	Today	Last Week
  $30K Home Equity Loan	8.39%	8.40%
  $50K Home Equity Loan	8.29%	8.32%
  $75K Home Equity Loan	8.32%	8.36%
  $30K HELOC	5.16%	5.17%
  $50K HELOC	4.90%	4.91%
  $75K HELOC	4.91%	4.92%

  Source: Bankrate
• Savings

  Savings Type	Today	Last Week
  6 month CD	1.03%	1.02%
  1 year CD	1.45%	1.43%
  3 year CD	2.08%	2.06%
  MMA	0.93%	0.91%
  $10K MMA	0.99%	0.97%
  $25K MMA	1.16%	1.15%

  Source: Bankrate
• Auto

  Loan Type	Today	Last Week
  36 Month New Car Loan	6.65%	6.66%
  48 Month New Car Loan	6.78%	6.80%
  60 Month New Car Loan	6.82%	6.84%
  72 Month New Car Loan	6.12%	6.12%
  36 Month Used Car Loan	7.12%	7.12%
  48 Month Used Car Loan	7.03%	7.05%

  Source: Bankrate
• Credit Cards

  Card Type	Today	Last Week
  Business Credit Cards	10.74%	10.74%
  Low Interest Credit Cards	11.97%	11.97%
  Balance Transfer Credit Cards	12.03%	12.09%
  Cash Back Credit Cards	12.49%	12.49%
  Instant Approval Credit Cards	13.32%	13.32%
  Reward Credit Cards	13.40%	13.42%

  Source: CreditCards.com

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