These studies show that smart college choices are worthwhile investments for individuals and society.
Washington, D.C. (PRWEB) October 23, 2014
College admissions season is already underway for early applicants, and a free web resource center demonstrates the many ways they could benefit if they ultimately enroll in an institution of higher education.
“The Value of Higher Education: Research and Resources,” collated by the National Association of Student Financial Aid Administrators (NASFAA), summarizes two years’ worth of studies that have found tremendous value in pursuing higher education.
In addition to increased earnings potential—a finding cited by many studies—benefits include:
- Increased purchasing confidence (“Economic Confidence, Education, And Student Debt,” HPS-CivisScience, 2014)
- Decreased likelihood of underemployment after graduation ("Smart Shoppers: The End of the ‘College for All’ Debate?" College Summit, 2013)
- More opportunities with employers who increasingly raise education requirements ("Survey: Education Requirements for Employment on the Rise," CareerBuilder 2014)
- Increased regional prosperity (“A Matter of Degrees: The Effect of Educational Attainment on Regional Economic Prosperity,” The Milken Institute, 2013)
- Increased global competitiveness (“The Economics of Higher Education,” U.S. Departments of Education and Treasury, 2012)
These studies show that smart college choices are worthwhile investments for individuals and society. In addition to the web resource center, NASFAA has guides on understanding financial aid, qualifying for it, and cutting college costs. NASFAA also has experts available to speak to the value of a college degree – and the financial resources available to help students reach their goals. Please contact us at news(at)nasfaa(dot)org or (202) 785-6959 to set up an interview.
The National Association of Student Financial Aid Administrators (NASFAA) is a nonprofit membership organization that represents nearly 20,000 financial aid professionals at more than 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every ten undergraduates in the U.S. Based in Washington, D.C., NASFAA is the only national association with a primary focus on student aid legislation, regulatory analysis, and training for financial aid administrators. For more information, visit http://www.nasfaa.org.