ALBUQUERQUE, N.M. — There is something economists call the college earnings premium – the amount of money college graduates earn in excess of people with high school diplomas.
It amounts to about $32,000 more a year, according to the Association of Public and Land-Grant Universities, and that gap widens every year.
Of course, a higher paycheck isn’t the only reason students pursue higher education.
In addition to increasing earnings potential, a college education expands career options, offers lasting connections and broadens horizons.
New Mexico is rich in educational opportunities, boasting seven four-year universities, community colleges, private schools and trade schools.
This section looks at what degrees students might want to consider in relation to the job market in New Mexico. It also delves into what makes New Mexico’s universities among the most affordable in the nation. Parents can also find tips about how to help their college student better handle money.
College is a major endeavor – financially as well as from other perspectives – for both students and their families. A little information smooths the way.