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College Applications and Attendance Up As Value of College Degree Grows

College Applications and Attendance Up As Value of College Degree Grows
Recently released findings from the National Association of College Admissions Counseling and the US Bureau of Labor Statistics shed light on the state of American higher education and the continued value of a college degree.

1. College Applications Have Increased
In 2010, 73 percent of colleges saw an increase in the number of applicants. Only 19 percent of schools reported a decrease in applicants.

2. Matriculation is Up
In 2009, a record 20.4 million students were enrolled in a post-secondary institution. This number is expected to reach 23 million by 2020.

3. Overall Acceptance Rates High, but Not At Competitive National Schools
While four-year schools accept 66 percent of applicants on average, this percentage drops to the low double and single digits at the most competitive institutions nationally.

4. Workers with College Degrees Earn Much More and Have Significantly Lower Unemployment Rates
A bachelor’s degree holder earns about $53, 976 annually on average, whereas a high school graduate averages less than $21,454 per year. Moreover, the unemployment rate for individuals with a bachelor’s degree was 5.4 percent in 2010, as opposed to 10.3 percent for those with only high school diplomas.

David Dickson is a counselor with Top Test Prep; To learn more about SAT private tutoring and ACT Private Tutoring, simply call 1-800-501-7737.