Friday, October 5, 2012

How Much is Your Degree Worth?

How much of a return will you get on the $40,000-plus you invested in your (or your child's) education in a Virginia college?  A new tool can help you figure that out.

The State Council of Higher Education has launched a new online database comparing the incomes of degree recipients from various universities.  For example, people earning associate's degrees from Tidewater Community College between 2008 and 2010 had an average income of about $34,000. 

Officials behind the database caution it is still a work in progress, making direct comparisons between similar degrees from different universities unreliable.

The database is a collaboration between the Council of Higher Education, the Department of Education, the Virginia Employment Commission, the Virginia Community College System and the Virginia Information Technologies Agency.  It is made possible by a $17-million federal grant.

On the web: 
http://research.schev.edu/default.asp?select1=Reports

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