What is the ROI of Going to College?

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As college continues to get more and more expensive each year, it can be harder and harder for potential students to determine whether attending is really worth it.

On average, universities in the US raise tuition costs by about 3.2% each year, higher than the roughly 2.5% rate of inflation. On the other hand, average wages for US jobs increased between 2.9 and 3.1% this last year, a rate we can estimate is roughly the annual average.

This means that college tuition prices are going up a little faster than wage growth. All this said, is going to college actually worth it? In other words, what is the return on investment of attending college?

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