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College & Education

What Is The Value Of A College Education?

Good (255 Ratings)

2.603922/5

It may surprise you that, on average, in 2001, an individual with a bachelor's degree earned approximately $49,674 per year, compared to the $26,059 average yearly salary of a worker with a high school diploma. Source: U.S. Census Bureau, December 2001, Table PINC-04. Educational Attainment - People 18 Years Old and Over.

Earnings and Assumptions	Input
Current age	(1-99)
Retirement age	(1-99)
Anticipated annual income: (no degree)	$
Annual salary increases: (no degree)	(0-10)%
Anticipated annual income: (secondary education)	$
Annual salary increases: (secondary education)	(0-10)%

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Earnings Information and Assumptions
Current age
Retirement age
Anticipated annual income: (no degree)
Annual salary increases: (no degree)
Anticipated annual income: (secondary education)
Annual salary increases: (secondary education)

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Good (255 Ratings)

2.5/5

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Rates

See today's average rates across the country.

• Mortgage

  Loan Type	Today	Last Week
  30 Year Fixed	5.60%	5.76%
  15 Year Fixed	5.40%	5.50%
  1 Year ARM	5.59%	5.99%
  30 Year Fixed Jumbo	7.09%	7.29%
  5/1 ARM	5.94%	5.95%
  3/1 ARM	5.84%	5.86%

  Source: Bankrate
• Home Equity

  Loan Type	Today	Last Week
  $30K Home Equity Loan	8.20%	8.19%
  $50K Home Equity Loan	8.13%	8.11%
  $75K Home Equity Loan	8.12%	8.11%
  $30K HELOC	4.93%	4.93%
  $50K HELOC	4.76%	4.76%
  $75K HELOC	4.75%	4.75%

  Source: Bankrate
• Savings

  Savings Type	Today	Last Week
  6 month CD	2.80%	2.83%
  1 year CD	3.26%	3.35%
  3 year CD	3.46%	3.47%
  MMA	2.37%	2.38%
  $10K MMA	2.55%	2.60%
  $25K MMA	2.89%	2.95%

  Source: Bankrate
• Auto

  Loan Type	Today	Last Week
  36 Month New Car Loan	6.62%	6.79%
  48 Month New Car Loan	6.75%	6.83%
  60 Month New Car Loan	6.56%	6.59%
  72 Month New Car Loan	6.63%	6.44%
  36 Month Used Car Loan	7.13%	7.14%
  48 Month Used Car Loan	6.80%	6.80%

  Source: Bankrate
• Credit Cards

  Card Type	Today	Last Week
  Balance Transfer Credit Cards	10.28%	10.27%
  Credit Cards For Bad Credit	11.01%	11.24%
  Low Interest Credit Cards	11.39%	11.39%
  Instant Approval Credit Cards	12.11%	11.92%
  Airline Credit Cards	12.69%	12.69%
  Cash Back Credit Cards	13.12%	13.23%

  Source: CreditCards.com

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