The Fed study looked at the monetary value of a college degree, not its cost, which has soared in recent years. But the value certainly adds up. What’s the bottom line? Fed researchers write:
If we conservatively assume that the annual premium stays around $28,650, which is the premium 20 years after high school graduation for graduates in the 1990s–2000s, and accrues until the Social Security normal retirement age of 67, the college graduate would have made about $830,800 more than the high school graduate.