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Report: Attending college still pays off despite cost

Data from a recent report indicates the cost of a college education may still be a valuable investment.

According to NBC News, the U.S. Census Bureau found Tuesday that college graduates averaged $14,726, whereas high school graduates earned 7,466 in the final three months of 2011.

The Census report showed that the median – or midpoint – of personal earnings for people with a high school degree was $5,984 in the last three months of 2011. That compares to median earnings of $11,749 for those with a college degree.

The Pew Charitable Trusts added in January that college graduates from ages 21 to 24 faced 3.8 percent unemployment compared to 7.9 percent of high school grads.

NBC News said that education advocates believe going to college will be worth the investment provided students are mindful when deciding what university to attend and what major to select.