In the preface of their book, Funding a College Education: Finding the Right School for Your Child and the Right Fit for Your Budget, authors Alice Drum and Richard Kneedler say:
". . . a college degree does not depreciate. In fact, the college degree is increasingly the sine qua non of successful American life. Recent U.S. Census Bureau data confirm that holders of bachelors degrees have lifetime earnings nearly twice those of high school grads, and that holders of graduate and professional degrees do even better. There are also strong indicators that those who have benefited from higher education feel happier, are more fulfilled, and make greater contributions to our society."