Students attending California’s public colleges and universities see better returns on investment than those at most nonprofit private colleges and for-profit institutions.
In these challenging times, the need for reliable local reporting has never been greater. Put a value on the impact of our year-round coverage. Help us continue to highlight LA stories, hold the powerful accountable, and amplify community voices. Your support keeps our reporting free for all to use. Stand with us today.If you're enjoying this article, you'll love our daily morning newsletter, How To LA.
The data, all from the federal government, show that the time it takes to recoup the net costs of earning a degree at Cal State San Bernardino is less than three months. That’s because low-income students there incur about $5,000 in out-of-pocket expenses if they finish in four years. Within a few years they earn about $53,000 a year — double what young adults with only a high school diploma make.
I feel very lucky ... In high school, I was always stressing about, ‘Oh, man, I’m gonna have a whole bunch of debt racked up after college.A CalMatters analysis of Iztkowitz’s data found that the average time needed for a student to recoup their net costs is about two years at public institutions and a little over three years at nonprofit private colleges in California.
“There are for-profit institutions that can offer an affordable education and good employment outcomes and they’re recognized within the data,” Itzkowitz said. “But what we also see is that there are a disproportionate amount that show more worrisome outcomes for students in comparison to other sectors.”
But the basic trend remains the same: State and federal financial aid at public campuses plus typical salaries that far exceed the wages for those with a high school diploma make college worth the investment.
College Degree Study Cost University Of California
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Decline in College Degree Earners, Increase in Certificate EarnersThe number of students earning college degrees fell for the second year in a row, while more students earned a certificate this year than in any of the last 10 years.
Read more »
Man who received college degree while incarcerated accepted into law schoolBenard McKinley will attend Northwestern Law School in the fall
Read more »
Oakton College expanding healthcare degree programs; Evanston locationStudents interested in health care careers will have a new option after Oakton College and Endeavor Health announced they will partner to create associate degree programs offered at an Evanston loc…
Read more »
Man Who Earned College Degree While Incarcerated Gets Accepted to Law School Months After ReleaseBenard McKinley, who was sentenced to prison at age 19 for a gang-related murder, is now heading to law school to earn his degree as a free man. He is set to join the Northwestern Law School class of 2027 when he starts learning at the Northwestern Pritzker School of Law in Chicago later this fall.
Read more »
Child care crisis: High daycare cost hurts moms without college degreeThe high costs and limited availability of quality child care are holding back American moms without college degrees. Women’s participation in the workforce has recovered from the pandemic, reaching historic highs in December. But that masks a lingering employment crisis among moms who lack a college degree.
Read more »
Walmart US CEO talks inflation, self-checkout, and non-college degree workersWalmart US CEO talks inflation, self-checkout, and paying six-figures to non-college degree workers.
Read more »