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Does Education Pay? How to Pay

Does Education Pay? How to Pay
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Stacked Coins - copyright ©There is real, independent evidence that shows education leads to higher earnings and we provide several reports here that may interest you.

According to a Bureau of Labor Statistic's report, "college graduates age 25 and over earn nearly twice as much as workers who stopped with a high school diploma. College graduates have experienced growth in real (inflation-adjusted) earnings since 1979. In contrast, high school dropouts have seen their real earnings decline."

Education and Training Can Pay!
(Unemployment and earnings for full-time wage and salary workers aged 25 and older)
Education and Training Can Pay Graph

Source: Bureau of Labor Statistics, 2004

  • To learn about how additional education can pay in specific high growth industries and in specific sectors of those industries, try the ACRN Education Pays Tool:
ACRN - America's Career Resource Network
How Education Pays Tool
Find out how education and training pay off for high growth careers. For each high growth career cluster and pathway, there are two charts. The first shows how education relates to employment in that area, and the second shows how education relates to earnings.

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Resources to Help Pay for Training!

The cost of education and training continues to increase. The good news is that there are a lot of financial assistance programs. These programs are available for college students and adult learners. There are a host of resources for you to investigate:

  • The U.S. Department of Education's Federal Student Aid (FSA) programs are the largest source of student aid in America. They provide about 70% of all student financial aid. Visit Student Aid on the Web for more information.
  • The American Council on Education's College Is Possible page has a glossary of financial aid terms, information on major programs, and links to additional resources.
  • GovBenefits is a free, easy-to-use web site. It helps you to find ways to pay for your education and training. First, you answer a series of questions about yourself. Then GovBenefits gives you a list of government benefits for which you may be eligible. Finally, GovBenefits gives you information about how to apply.
  • CareerOneStop's Financial Aid Center has information on financial assistance for college students. It also has resources for workers who need training.
  • America's Career Resource Network (ACRN) consists of state and federal organizations that provide information, resources and training on career and education exploration. A resource you might find useful is their Financial Aid Resources for Post-High School Education (PDF, 2.8 MB).

Video resource to "help families 'borrow smart'" from Sallie Mae and Kiplinger

This series of educational videos help explain paying for college and how to borrow wisely. "Borrow Smart" is a 24-minute video that "offers tips on saving, keeping costs low, and accessing scholarships and grants. Kiplinger experts then advise families on how, when necessary, they can borrow wisely to make the investment in a college education."

Does Career Voyages have Information on Training Opportunities?

We also offer opportunities throughout Career Voyages for you to learn about the range of education and training opportunities available in our different industries. Great jobs are available to people who are interested in becoming an apprentice, attending community college or a 4-year college as well as other options. At the bottom of most pages, you will see this menu bar:

Screen Capture of the Black Get Started Menu

In each of our major industries, you will find a similar menu bar of options in which you can find education and training specific to that industry. For example, the following menu bar is for the Advanced Manufacturing industry:

Screen Capture of the Advanced Manufacturing Menu

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College Navigator Site Screen Capture
College Navigator
is your direct link to nearly 7,000 colleges in the United States. They include many types of colleges, from 2-year schools, to trade schools. Learn about each type of school and how much it costs to attend.

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