CSU Dominguez Hills students graduate.
When times get tough, that investment in higher education can be even more valuable, according to a new study released today by UC Berkeley.
That was just one finding in a study entitled "California's Economic Payoff: Investing in College Access & Completion," which strove to answer two key questions: "What are the benefits of investing in higher education? And is it worth it for Californians?
The answers? Many. And yes.
Researchers at UC Berkeley's Institute for the Study of Societal Issues found that for every $1 California invests in students who go to college, the state will receive a net return of $4.50 on its investment. For those who complete college, the return is $4.80 and for those who enter, but drop out the return is $2.40.
A college degree often translated into higher earnings for the graduate, and therefore higher income taxes paid to the state; additionally, the state saved money on its payout on social services and incarceration costs for these graduates.