
The number one reason to attend college is to become qualified for jobs that earn more money. The U.S. Census Bureau's 2005-2010 American Community Survey shows (see table below) that in New Mexico the median annual earnings for workers at least 25 years old with a high school diplomas is $24,658; those with an associate's degree earn on average $29,720, with a bachelor's degree this figure is $42,203 and with a graduate degree the amount is $53,693. Individuals with an associate's degree earn over $5,000 more per year than those with only a high school education. It is quite clear that education leads to higher annual earnings.
An important reason to attend college is to become qualified for jobs that address our personal interests better. College offers graduates more choices, better economic security and greater control over their lives. Statistics from The General Social Survey 1988 to 2006 show that "Among those with less than a high-school education, 45% are very satisfied compared to 58% very satisfied among those with post-graduate degrees" from Job Satisfaction in America: Trends and Socio-Demographic Correlates by Tom W. Smith. College education can lead to increased job and over all life satisfaction.
| Workers at least 25 years old | Median Annual Earnings Estimate | |
|---|---|---|
| Level of Educational Attainment | United States | New Mexico |
| Total: | $34,665 | $30,154 |
| Less than high school graduate | $19,492 | $16,841 |
| High school graduate (includes equivalency) | $27,281 | $24,658 |
| Some college or associate's degree | $33,593 | $29,720 |
| Bachelor's degree | $48,485 | $42,203 |
| Graduate or professional degree | $63,612 | $53,693 |
| Male: | $41,354 | $35,674 |
| Less than high school graduate | $22,792 | $20,808 |
| High school graduate (includes equivalency) | $33,173 | $29,808 |
| Some college or associate's degree | $41,530 | $37,248 |
| Bachelor's degree | $59,922 | $50,805 |
| Graduate or professional degree | $80,111 | $68,740 |
| Female: | $28,514 | $24,569 |
| Less than high school graduate | $14,645 | $12,499 |
| High school graduate (includes equivalency) | $21,631 | $19,930 |
| Some college or associate's degree | $27,701 | $24,221 |
| Bachelor's degree | $40,313 | $35,714 |
| Graduate or professional degree | $53,023 | $47,042 |
Source: U.S. Census Bureau, 2005-2010 American Community Survey 5 year estimates.
There are a number of reasons why a student does not feel that college is an option. Some of these, and possible responses to them are provided below:
New Mexico Department of Workforce Solutions | Economic Research and Analysis Bureau | Disclaimer