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For instance, in the late 1980s, a bachelor's degree was the standard qualification to enter the profession of physical therapy. [42] By the 1990s, a master's degree was expected. Today, a doctorate is becoming the norm. State requirements that registered nurses must hold bachelor's degrees have also contributed to a nursing shortage. [43]
The sheepskin effect (named for the vellum on which diplomas were traditionally written) [1] is a phenomenon in applied economics observing that people possessing a completed academic degree earn a greater income than people who have an equivalent amount of studying without possessing an academic degree. [2]
As the cost of higher education has escalated in recent years, there's been no shortage of debate about whether the cost of a four-year college degree is worth the expense -- especially given the ...
A US Department of Education longitudinal survey of 15,000 high school students in 2002 and 2012, found that 84% of the 27-year-old students had some college education, but only 34% achieved a bachelor's degree or higher; 79% owe some money for college and 55% owe more than $10,000; college dropouts were three times more likely to be unemployed ...
New evidence that a college degree is worth the high cost. The path to higher earnings goes directly through a college campus. A report from the Federal Reserve Bank of San Francisco says the ...
In comparison, those with a bachelor’s degree in the same field earned around $20,000 less. Perhaps unsurprisingly, the majority of the top 10 master’s degrees with the highest average ...
While those with some college averaged $31,046, those with a bachelor's degree averaged $51,194, over $20,000 (64.9%) a year more. [3] The second most dramatic difference in average income was between those with a bachelor's degree with $51,940 and those with an advanced degree who made $72,824, roughly $21,000 (42.2%) more.
More work is needed to provide a clear pathway for community college students to transfer to four-year institutions and obtain a bachelor's degree
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