Community college graduates out-earn bachelor's degree holders reports that 30% of Americans with an associate's make more than those with a bachelor's degree. Associates degrees at community colleges have the added benefit of costing less both on an annual basis and in total. However, the article does point out that while people with bachelor's degree make an average of $500,000 more over a lifetime than those with with an associate's degree.
Give numbers of bachelor's degree graduates with high student debt and no/low paying jobs, getting an associate's degree first, working and then getting a bachelor's degree may be a prudent financial choice.
For more on Crossing Generations, check back every Thursday for a new segment.
This is not financial or education advice. Please consult a professional advisor.
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