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Prospective college students need sound information about where their educational choices are likely to lead. This report indicates that some graduates with associate's degrees outearn those with bachelor's degrees in their first year, and finds what a person studies can produce higher earnings than where he or she studies.
The earnings of recent bachelor's and master's recipients in Texas vary not only by degree but by specific program and institution, according to a recent study prepared by College Measures, a joint venture of AIR and the Matrix Knowledge Group.
The authors of this report, the result of a partnership between the State Council on Higher Education in Virginia and College Measures, explore the variation in first-year earnings for graduates from individual degree programs at individual colleges. The results show that the degrees students earn, and where they earn them, matter.
Nationally, only about 60 percent of students graduate from four-year colleges and universities within six years. According to an analysis by AIR vice president Mark Schneider, more than $9 billion was spent by state and federal governments to support students at four-year colleges and universities who left school before their sophomore year during a five-year period.