Low-income students in MI choose 4-year degrees over 2-year degrees
Obtaining a 4-year degree is essential for long-term success in today's economy. The Independent Indicators issue from March 6, 2018 highlights the $18,000 annual average wage premium for those with a 4-degree compared to a 2-year degree in Michigan.
Do Michigan's students recognize this difference and select a more valuable degree?
Data from 2016 shows that students in Michigan are following economic signals. Low-income students in Michigan are selecting 4-year degree programs over 2-year programs.
Of all students enrolled in higher education in 2016, 70 percent of those with an annual family income below $30,000 choose 4-year degree programs compared to just 30% who choose 2-year programs.