College Degree Still Worth Investment, Economists Say - Minneapolis Star Tribune

“What’s worse than being 12 years out of high school and on your way to having $40,000 in debt?

Being 30 years old, with no college degree, making $15 an hour.

That’s why Jesse Mullan has taken a risk and gone back to college, sitting in classrooms with college juniors who were 8 years old when he graduated from high school in St. Paul, Minn., in 1994.

Mullan, who expects to graduate from college in 2008, figures that taking on debt to further his educationwill pay off. He expects to triple his hourly pay shortly after collecting a degree in computer science from the University of Minnesota, allowing him to pay off his school loans in no more than 10 years.

‘It’s better than car loans,’ he said.

Mullan is still making a good bet, many economists agree.”
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