A US Census Bureau Report in 2002 showed that on average, workers who
graduated high school earned a yearly salary of $26,800.00. Those with a
Bachelor's Degree earned an average yearly income of $50,650.00, and those
with degrees in business, law, or medicine, earned on average $101,400.00.
Today, those with Bachelor's Degrees earn 70% more than those with just a
high school education.
Other studies show an annual lifetime earnings difference of 1 Million
Dollars difference between someone with a college degree vs. a high school
diploma. Black kids have numerous challenges and we should encourage all of
them to secure a college degree. Don't let the cost of a college education
prevent you or your child from pursuing a college education. Solutions:
start saving early; seek financial aid; apply for scholarships. Millions of
dollars in scholarships go unclaimed every year; that is a shame. A college degree
increases your likelihood for success. Take advantage of the opportunity.