It has been discovered that returning students who complete a bachelor’s degree earn an average annual salary of $4,294 more than those who do not, and that the annual income growth is $1,121 on average for those who do. An article in the Economics of Education Review has just been published about the study.

There was an increase in income for those who returned and completed a bachelor’s degree, no matter how I looked at the statistics,” Gaulke said. In this sample, the average age is 27 at graduation, so they have plenty of time to reap the benefits of a better job market.

The traditional college student — one who completes high school, goes to college, gets a degree, and then starts a career — is the focus of most current economic literature. However, Gaulke wanted to see if returning to finish a bachelor’s degree had better economic outcomes than those who never returned or those who returned but dropped out again.

Those contemplating a return to school will find this knowledge useful, Gaulke added. There are actual economic benefits to returning to school and obtaining a bachelor’s degree, which should be taken into consideration while comparing the expenses and advantages.

Student re-enrollment after completing a degree is associated with more employment, longer work weeks, and more full-time weeks per quarter, according to Gaulke’s research. In addition, individuals who return to school but do not complete a degree see a modest increase in their income.

In the long run, businesses and the economy of the United States gain by having well-trained employees.

According to Gaulke, in order to maximize economic output, “To maximize economic output, we have to use resources efficiently,”. “If employees are not as productive or skilled because they are unable to make well-informed decisions about re-enrolling and completing their bachelor’s degrees, this reduces worker productivity.”

Additionally, Gaulke added, colleges and universities are increasing their recruitment efforts to include individuals who do not just come directly from high school. Re-enrolling students who dropped out of school or did not finish their degrees is becoming a common service provided by the private sector. This study’s findings imply that colleges and institutions that develop or execute programs to enable students re-enroll and complete a bachelor’s degree could potentially enhance enrolment levels and also aid improve economic outcomes for these students.

Those who wish to return to K-State to complete their education can find out more about the university’s returnee admissions procedure and apply online right now.