30-Year-Old Has Earned $11 More Than He Would Have Without College Education headlines The Onion. It’s a parody that’s all too close to reality.
“After accounting for the cost of tuition, four years of lost earning potential, and the minimal increase in salary an undergraduate degree provides,” 30-year-old Patrick Moorhouse of Dublin, Ohio has raised his earnings by $11, reports The Onion. Moorhouse’s more prestigious first-choice college would have led to $54 more in earnings, said researcher Ken Overton.
“If Patrick had started working straight out of high school, he would have had slightly fewer job options than he does now, but living at home instead of a dorm or student apartment even just those first two years would have added at least $16,000 in total savings, which pretty much evens things out.”
However, it’s impossible to “put a price on the 12 Post-WWII European History lectures Moorhouse attended junior year,” the study noted.