How much education you have may make a difference in earning power
Everyone’s situation and goals in life are different. A four-year college degree or advanced degree may not be right for everyone. You may be interested in community college, trade school, or technical training instead.
Your life experiences (especially those from your military career) can translate into valuable skills for potential employers. Understanding these experiences and how they apply can make you a more marketable applicant.
The level of education you achieve may make a big difference in how much money you earn. Did you know that a college graduate earns almost one million dollars more over a lifetime than a high school graduate?1
Take a look at this bar chart to see, on average, how more education may improve your lifetime earnings over time.
Median lifetime earnings, by education level
Over the course of a lifetime1:
Now, look at this bar chart, which shows average annual earnings by education level.
Median annual earnings, by education level
However, a college degree or technical certification doesn’t guarantee a higher income. Research the typical salaries and demand for people in the field you are studying, as well as the job placement rates for the school you are considering. If you will need to take out loans to pay for your education, consider how much you’ll need to pay in student loans each month and how long it will take to repay.
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