A College Degree Earns You 22% Less Than It Did 10 Years Ago
According to a study by Warwick University in the U.K., a college degree isn't worth as much as it used to be. Researchers looked at students who started college in 2006, and finished four or five years later. Then they tracked the students' earnings and compared them with a group of graduates from 1999. And the more recent graduates made 22% LESS than what the older graduates were making at the same stage of their careers.
Law students from the late 2000s only saw their earnings drop by 9% from the class of 1999. Medical students had a 16% drop in salary, and people who got Bachelor of Arts were making 32% less. (In the U.K., students can go to law school or medical school as undergrads, which is how they were able to start college in 2006 and have jobs already.)
Students who went to better schools had a 17% drop, while graduates of less-prestigious schools were making 30% less.