By Kate Whitney
If life got in the way of completing your undergraduate degree, the repercussions can have long-lasting and devastating effects on your security, your well-being and your bank account.
According to the Bureau of Labor Statistics, workers with some college, no degree, average only slightly more income per week ($62) than those with a high school diploma. College graduates make an average of $399 more per week than those workers who started but did not complete their undergraduate degree, or nearly $21,000 per year. The Chronicle of Higher Education estimates this number to be much higher—$32,000 per year—a lifetime total of nearly $1.4 million. And this record-breaking earnings gap is only expected to increase over time.
Additionally, college graduates are more likely to be beneficiaries of employer-provided health insurance and retirement savings plans, resulting in better quality of life and increased life expectancy.
And there’s more: Bain & Company’s 2018 report, “2030: The Collision of Demographics, Automation, and Inequality” stated that “[b]y the end of the 2020s, automation may eliminate 20% to 25% [40 million] of current jobs, hitting middle- to low-income workers the hardest.” According to the report, this elimination of jobs in favor of automation allows many sectors to “lower operating costs by 10% or more, including service sector employers such as retail trade and food service.”
New Online Degree Completion Program Launches at UVM
Returning to college to complete your degree is a sensible option for the millions of students who left college before graduation, and Vermont residents in particular, as the majority of the state’s high-pay, high-demand jobs require a bachelor’s degree (or higher).
Recognizing the need for highly skilled college graduates within the local and national job market, the University of Vermont is pleased to offer its Online Bachelor of Arts Degree Completion Program, providing an incredible opportunity to close the earnings gap and help nontraditional students achieve their personal, career and academic ambitions with its convenient, flexible and affordable pathway to their degree. (Adult learners—you’re not alone: according to National Center for Education Statistics, nearly 7.6 million college students (2 out of every 5) were 25 years old and over.)
UVM’s fully online program provides the final 60 credits toward the Bachelor of Arts in Anthropology major requirements paired with the minor requirements in English orWriting, allowing you to gain a high-quality education from a world-renowned university while balancing the demands of education, work and family.
The decision to go back to school requires careful consideration and planning and UVM’s advisors are here to help you navigate the decision-making process. Set up a time to talk to an advisor today at Learn@uvm.edu, call us at 802-656-2085 or chat with us online.