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Will the 'College Premium' Continue to Shrink?

By [Author's Name]

The "college premium" - the difference in earnings between college graduates and those with only a high school degree - has been shrinking in recent years. And it's likely to continue to decline, according to a new study by the Center on Education and the Workforce at Georgetown University.

The study found that the college premium has fallen by about 10% since 2000. And it's projected to continue to decline in the coming years. By 2025, the college premium is expected to be just 15%, down from 25% in 2000.

There are a few factors that are contributing to the decline in the college premium. One is the rising cost of college. The average cost of tuition and fees at a four-year public college has increased by more than 150% since 1985. This has made it more difficult for students to afford college, and it has also led to a decrease in the number of students who are able to graduate from college.

Another factor that is contributing to the decline in the college premium is the changing nature of the workforce. In the past, many jobs required a college degree. However, today, there are many jobs that do not require a college degree. And these jobs are often paying just as much as jobs that require a college degree.