TAILIEUCHUNG - Education Pays 2004 Trends in Higher Education Series

The College Board: Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 4,700 schools, colleges, universities, and other educational organizations. Each year, the College Board serves over three and a half million students and their parents, 23,000 high schools, and 3,500 colleges through major programs and services in college admissions, guidance, assessment, financial aid, enrollment, and teaching and learning. Among its bestknown programs are the SAT®, the PSAT/NMSQT. | CollegeBoard connect to college success E ducation Pays 200 The Benefits of Higher Education for Individuals and Society Sandy Baum and Kathleen Payea Revised Edition 2005 Trends in Higher Education Series The College Board Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900 the association is composed of more than 4 700 schools colleges universities and other educational organizations. Each year the College Board serves over three and a half million students and their parents 23 000 high schools and 3 500 colleges through major programs and services in college admissions guidance assessment financial aid enrollment and teaching and learning. Among its best-known programs are the SAT the PSAT NMSQT and the Advanced Placement Program AP . The College Board is committed to the principles of excellence and equity and that commitment is embodied in all of its programs services activities and concerns. For further information visit . Copyright 2004 by College Entrance Examination Board. All rights reserved. College Board Advanced Placement Program AP SAT and the acorn logo are registered trademarks of the College Entrance Examination Board. Connect to college success is a trademark owned by the College Entrance Examination Board. PSAT NMSQT is a registered trademark of the College Entrance Examination Board and National Merit Scholarship Corporation. Visit College Board on the Web . Table of Contents Executive Part 1 Individual and Societal Benefits of Higher Earnings Education Earnings and Tax Lifetime Earnings Premium Relative to Costs of Education . . . . 12 Earnings Education Level and Race Earnings Education Level and Earnings Over Time Education Level and Gender . . . 15 Other

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