This post first appeared on RightAboutMoney.com
In recent decades, more education has meant higher salaries. But will that be the case going forward? Part of any financial literacy course in high school should look at student debt in relation to the earning power of a chosen field of study.
This is especially true of graduate school, where loans can really pile up. On the surface, the math looks fantastic. Over their lifetime, those who earn a graduate degree, on average, earn $400,000 more than those with no more than an undergraduate degree, according to researchers Anthony P. Carnevale, Stephen J. Rose and Ban Cheah at Georgetown University Center on Education and the Workforce.