Are you or a family member looking into options for college? Here are some statistics from the Atlantic Monthly that are surprising at first glance:
If your family income is $90,000 or more, you have about a 50 percent chance of obtaining a bachelor’s degree by age 24. If that income is between $61,000 and $90,000, your chances drop to one in four. Is your household income between $35,000 and $61,000? You have about a 10 percent chance.
Children whose families are making less than $35,000 have a one in seventeen chance of being awarded the degree by age 24.
Updated February 6, 2012 and originally published October 6, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.