There is no disputing the fact that the enrollment of college students has increased over the last few decades. As seen in the table below from the U.S. Department of Education, National Center for Education Statistics, there has been a steady increase of enrollment to college from 1970 to 2007. In 1970, there were approximately 8,581,000 students enrolled in an institution of higher education. That number had more than doubled only 35 years later with approximately 17,272,000 students in 2005.
During a special report issued by the Census in 2002, adults ages 25 to 64 were ranked based on their income compared to their level of education. High school drop-outs made the lowest with an average of $18,900, high school graduates made a slightly higher average of $25,900, and college graduates made a notably higher average of $45,400. The adults with a professional degree (M.D., J.D., etc...) predictably had the highest income with an average of $99,300.
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