Continued: Higher education in S.C.
Other key findings:
- On average, over a lifetime, individuals with bachelor’s degrees earn $1.2 million more than individuals who completed high school.
- On average, individuals earn in additional income 8.2 times what they invested in a four-year degree.
- Every region of South Carolina would experience the positive impact and economic benefits.
Also suggested is that higher educational attainment has the potential to decrease significantly the state’s unemployment rate, to bring down the share of the population in prison and to relate positively to per-capita income and better access to affordable healthcare.
“This study reveals that funding for education is not simply providing a vital public service, but is an investment in South Carolina’s future with multiple economic and social returns,” according to the report. “With a better educated population, South Carolinians, the state’s communities and the state as a whole will be in substantially better shape to brave the future.”