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Ka Leo o Nā Koa

Volume X

Issue 3

March 6, 2015

A1

Money matters Students who don’t go to college earn less By MAILE SUR news editor An analysis of economic data from the U.S. Census Bureau showed that “college graduates ages 25-32 who are working full time earn more annually—about $17,500 more—than employed young adults holding only a high school diploma.” The Pew Research Center report entitled “The Rising Cost of Not Going to College” surveyed 2,002 adults. In a lifetime, those who attend college and work for an average of 45 years will earn about $765,000 more than those who only earn a high school diploma. Add inflation and that’s almost a million dollars. According to the survey, the disparity in earnings between those who attend college and those who do not has never been greater. Some young adults think that skipping college and going right into the work force will eliminate college debt, as well as jump start their careers. “I’m contemplating [not going to college] because I can make pretty good money straight out of high school working with my parents,” said Nolan Gouveia, a senior at Kamehameha Schools Maui.

Though some young adults of today’s generation—known as Millenials—may be right in that they won’t have to worry about the financial burden of student loan payments, according to the report “nine-in-ten [Millenials ages 25-32] with at least a bachelor’s degree say college has already paid off or will pay off in the future.”

Those surveyed with a bachelor’s degree or more earned $45,500 annually between the ages of 25 and 32. According to CollegeBoard, the total cost of attending a 4-year institution in 2014-2015 is between $32,000 and $42,000. CollegeBoard is an organization that prepares and administers standardized tests that are used in college admission and placement. U.S. News and World Report stated that the average debt load for students among the class of 2013 was $27,666. The report, entitled 10 Colleges That Leave Graduates with the Most Student Loan Debt, states that “if students were paying 6 percent rate on that debt, $27, 666 would translate into a little more than $300 per month over the standard 10-year repayment plan.” If one does the math, the amount of money that college graduates earn annually is about twice the average of the debt they leave college with.

‘AHA MELE.....................A4

BASKETBALL...................E8

College graduates...earn more annually—about $17,500 more...” -The Pew Research Center

In addition, the survey says that those who attend college are more likely to have a full-time job compared to those with only a highschool education or less. COSTS continued on page A3

Graphics by MAILE SUR

INDEX:

NEWS.........................A1 ‘ĀHA’ILONO.................B1 OPINION.....................C1 LIFE............................D1 QUIZ..........................D5 COMICS......................D2 SPORTS.......................E1

BOYS SOCCER.................E1

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March 6, 2015 ka leo o na koa  

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March 6, 2015 ka leo o na koa  

College money, 2014-15 winter sports wrap up, 2014-15 spring sports preview, St. Patrickʻs Day, Hawaiian Ensemble, ʻAha Mele changes, junior...

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