Now, college costs.
Mark Schneider, vice president of the American Institutes for Research, conducted a study for the American Enterprise Institute that pours cold water on that figure, says the John W. Pope Center for Higher Education.
- He found that average lifetime earnings advantage for college graduates is well below the million-dollar figure when forgone wages and the cost of a college education are factored in.
- Incorporating those figures and using the Department of Education's 2003 Baccalaureate and Beyond Longitudinal Study, Schneider estimated that the lifetime earnings advantage for college graduates ranges from $150,000 to $500,000.
- The differences reflect earnings from open admissions schools to selective private schools.
Maybe UW-Zero should fire its doper-prof--but it might be because attendance (and tuition revs) drop like a rock when people read the study.