TAMPA, Fla. (CNN) – With rising tuition costs, it may be hard to think this is true, but a new study shows college really does pay off.
The Federal Reserve Bank of New York found that the average college graduate earns more than $30,000 than someone with only a high school education.
The study found that a college degree has an average rate-of-return of 14 percent.
Other risky investments like stocks and bonds can hover much lower at around 3 or 7 percent.
For some college grads, it may not feel like they’re getting their money’s worth while drowning in debt or job hunting. But according to numbers, over time they are.