The Value of Education
An interesting tidbit of information on the value of education. This is from a recent study by the Educational Policy Institute.
Survey respondents were also asked the following question: "According to the 2001 Census, the average income for a high school graduate is $34,632. What would you guess the average university graduate makes?" Canadians gave a median estimate that university graduates make $39,967, or a mere $5,337 more than high school graduates (see Table 2). The 2001 Census reported that the average university graduate in Canada made $61,823; that is to say $27,191 more than the average high school graduate. In other words, the average Canadian underestimates the actual benefit of university education by a factor of five.
For the full study, visit: Educational Policy Institute Education: How much is it worth, really?
A new report released by the Educational Policy Institute finds that children from lower-income families may not be attending university because of serious misperceptions about the cost and value of post-secondary education. The report, entitled A Little Knowledge is a Dangerous Thing: How Perceptions of Costs and Benefits Affect Access to Education is the most recent publication in a series focusing on Canadian higher education. Based on Canadian public opinion data, the study finds that substantial differences in perception exist between low-income and high-income individuals with respect to the costs and benefits of post-secondary education.
For more information, please contact the Executive Director - email@example.com or call us at 613.932.0210