Work or further education? Let's weigh it out:

Work or further education? Let's weigh it out:

More from WSJ.com: Thanks, Mom and Dad Trips Through Phoenix, Paris and Reality The Real World, Week 2 Promoters of higher education often point to differences in lifetime earnings to justify the price of higher education. Pay for an education today, and the “investment” will pay for itself over the student’s lifetime. Not only will the student make more money, but his or her career will be far more satisfying. But with the cost of higher education skyrocketing, many families are beginning to question whether a college degree is worth the price. The arithmetic is persuasive. At the stock market’s historical 9% annual return (nominal return over the past 50 years), $100,000 not invested in a four-year college education would be worth over $3 million in 40 years. That return would handsomely eclipse the nominal lifetime earnings difference of $1 million often quoted for coll...

Full article: http://community.jobscentral.com.sg/node/1802

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