The increasing importance of a college education is matched by increasing costs. A sizable sum will be needed to finance this long-term investment, but you can get a good start by saving early with Bright Directions. Find out how much you might need with our free college savings planner.
Projected Cost of College (4 Yrs.)*
Source: The College Board, “Trends in College Pricing,” 2020.
*Includes tuition, fees, and room and board. Assumes an average college cost inflation rate of 5%.
Today’s job market is more competitive than ever before, placing immense value on a college degree. Higher education provides an edge while opening up more career options and increasing earning potential. In fact, research has shown that a college education can add more than a million dollars in additional income over a lifetime.
Median Weekly Earnings of Full-Time Workers
Source: Bureau of Labor Statistics, U.S. Department of Labor, News Release (3rd Quarter 2020 Averages —October 16, 2020)