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Career & Work

What Is The Value Of A College Education?

Good (219 Ratings)

2.799086/5

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 (219 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	6.16%	5.93%
  15 Year Fixed	5.90%	5.63%
  1 Year ARM	7.32%	6.66%
  30 Year Fixed Jumbo	7.52%	7.17%
  5/1 ARM	5.93%	5.95%
  3/1 ARM	5.73%	5.76%

  Source: Bankrate
• Home Equity

  Loan Type	Today	Last Week
  $30K Home Equity Loan	7.66%	7.63%
  $50K Home Equity Loan	7.25%	7.25%
  $75K Home Equity Loan	7.26%	7.26%
  $30K HELOC	5.24%	5.28%
  $50K HELOC	4.88%	4.90%
  $75K HELOC	4.89%	4.91%

  Source: Bankrate
• Savings

  Savings Type	Today	Last Week
  6 month CD	3.15%	3.20%
  1 year CD	3.62%	3.68%
  3 year CD	3.80%	3.86%
  MMA	2.41%	2.44%
  $10K MMA	2.73%	2.70%
  $25K MMA	3.05%	3.04%

  Source: Bankrate
• Auto

  Loan Type	Today	Last Week
  36 Month New Car Loan	6.78%	6.76%
  48 Month New Car Loan	6.56%	6.54%
  60 Month New Car Loan	6.57%	6.55%
  72 Month New Car Loan	6.44%	6.44%
  36 Month Used Car Loan	7.16%	7.13%
  48 Month Used Car Loan	6.83%	6.81%

  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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