Higher Education Leads Not Only to Higher Earnings but Community Involvement, Well-being and More, New Report Says

Tuesday, February 14, 2017

By now, most everyone can agree that a college education can lead to job security and a bigger paycheck, but a new report out by The College Board shows even greater implications for earning that degree.

According to the nonprofit’s Education Pays 2016 report, individuals with higher education levels not only earn more, but are more likely to have job benefits such as retirement and health insurance.

What’s more, the report establishes a correlation between education and health outcomes, community involvement and indicators of “the well-being of the next generation.”

Graduation Caps

“The findings of the board’s latest report are profound,” said South Carolina Treasurer Curtis Loftis. “Especially when you consider the alternative.”

Although working to obtain that degree may mean forgoing wages while degree recipients pay off debt, a college education is an investment that pays dividends over the course of a lifetime, said one of the report’s authors.

“That’s why I tell parents, save as much as you can before your child goes off to college,” Loftis said. “It can make all the difference to your child’s future. And a Future Scholar College Savings Plan is a great way to make that happen.”

To read more on the report’s findings, visit: https://www.collegeboard.org/releases/2016/college-education-linked-to-hgher-pay-job-security-healthier-behaviors-and-more-civic-involvement

To learn more about Future Scholar College Savings Plan, visit https://www.futurescholar.com/about.

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Interim Media Contact:
Edward Frazier
edward.frazier@sto.sc.gov
803.734.2016

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