Since he took office, President Obama has been pushing to raise the community college graduation rate to answer our sluggish workforce and economy. A recent study on the earnings of college graduates proves that the president might be right on track – at least in Florida. The study, reported in the Miami Herald, shows that community college graduates tend to earn a higher average salary after school than students graduating from state universities.
What the Numbers Show
According to figures that were included in a report to the Florida State Board of Education Meeting held in December, community college graduates who earned associate in science degrees from Florida community colleges earned an average annual salary of $47,708 right out of school. By the same token, students who graduated from one of the state's 11 public universities earned an average annual salary of just $36,552. The difference, around $11,000 per year, is not insignificant for those just starting out in the professional world, particularly those who might be graduating with a decent amount of student debt.
Graduates of vocational programs offered through community colleges also seemed to do well after graduation, with much less time invested upfront. According to a report at Community College Spotlight, students who graduated from programs that took six months or less to complete earned an average annual salary of $37 356. Those who completed certificate training in a specific industry earned an average $39,108 per