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About a month ago, the Federal Reserve Bank of New York reaffirmed what has long been assumed: A college degree really is worth the investment.
Using data dating back to 1973, the Fed determined that those with a bachelor’s degree earn about $64,500 a year, which is nearly $24,000 more than someone who finishes their education at the end of high school. Over a career, that difference adds up to $1.2 million, or nearly 10 times the cost to earn that four-year diploma.
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