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What Is The Value Of A College Education?

Good (135 Ratings)

2.8444446/5

It may surprise you that, on average, in 2001, an individual with a bachelor's degree earned approximately $49,674 per year, compared to the $26,059 average yearly salary of a worker with a high school diploma. Source: U.S. Census Bureau, December 2001, Table PINC-04. Educational Attainment - People 18 Years Old and Over.

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

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Earnings Information and Assumptions
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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Good (135 Ratings)

3/5

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Rates

See today's average rates across the country.

• Mortgage

  Loan Type	Today	Last Week
  30 Year Fixed	5.76%	5.69%
  15 Year Fixed	5.36%	5.28%
  1 Year ARM	5.90%	5.85%
  30 Year Fixed Jumbo	7.04%	6.97%
  5/1 ARM	5.23%	5.09%
  3/1 ARM	5.20%	5.02%

  Source: Bankrate
• Home Equity

  Loan Type	Today	Last Week
  $30K Home Equity Loan	7.51%	7.42%
  $50K Home Equity Loan	7.37%	7.26%
  $75K Home Equity Loan	7.56%	7.50%
  $30K HELOC	5.01%	5.02%
  $50K HELOC	4.49%	4.17%
  $75K HELOC	4.48%	4.16%

  Source: Bankrate
• Savings

  Savings Type	Today	Last Week
  6 month CD	2.72%	2.76%
  1 year CD	3.03%	3.03%
  3 year CD	3.26%	3.18%
  MMA	2.33%	2.35%
  $10K MMA	2.52%	2.54%
  $25K MMA	2.90%	2.93%

  Source: Bankrate
• Auto

  Loan Type	Today	Last Week
  36 Month New Car Loan	6.80%	6.66%
  48 Month New Car Loan	6.92%	6.58%
  60 Month New Car Loan	6.64%	6.57%
  72 Month New Car Loan	7.19%	7.10%
  36 Month Used Car Loan	7.16%	7.17%
  48 Month Used Car Loan	7.05%	6.89%

  Source: Bankrate
• Credit Cards

  Card Type	Today	Last Week
  Balance Transfer	10.31%	10.03%
  Low Interest	11.01%	10.97%
  For Bad Credit	13.02%	13.12%
  Cash Back	11.47%	11.46%
  Business	11.10%	10.91%
  Airline	12.75%	12.69%

  Source: CreditCards.com

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