No presentation of the plan is complete unless something is said about how the educational system is failing to help us achieve our dreams and goals. On this page, I am going to share some information from the 1996 Digest of Education Statistics which was created by the U.S. Department of Education.
Before I begin, I must thank Jason at the The Insider's Perspective for providing me the URL of the 1996 Digest of Education Statistics. Jason has created a very informative site about the Amway business. I highly encourage you to visit his web-site.
Now, for some hard numbers:
This information comes from Table 307, which is about enrollment and completion statistics.
|Those seeking Associate degrees starting in 89-90|
|Attained Certificate by 1994||12.9%|
|Attained Associate Degree by 1994||17.5%|
|Attained Bachelors by 1994||6.3%|
|Still enrolled in 1994||14.7%|
|Not enrolled in 1994||48.6%|
|Those seeking Bachelor's degrees starting in 89-90|
|Attained Bachelors Degree by 1994||45.8%|
|Still Enrolled in 1994||17.5%|
|Attained Associate Degree by 1994||5.1%|
|Attained Certificate by 1994||3.3%|
|Not Enrolled in 1994||28.3%|
|Tuition/fees/room&board||Tuition & fees only|
Percent Employed Full Time
Using these percentages, it is very easy to calculate that 18% of the students who STARTED a bachelors degree wound up in a job that was related to their field of study. An additional 16% of those people who started a bachelors degree were employed full-time in some other type of occupation for whatever reason.
Finally, what were their incomes? I'm glad you asked. Table 376 has this information for 1994. This table breaks down incomes in many different categories, but I am going to present only the columns on men and women 25 years and older, with income, that has a bachelors degree.
In 1994, there were approximately 12,997,000 men 25 years and older with a bachelors degree with an average income of $38,701 and approximately 11,773,000 women with an average income of $23,405. Listed below are the percentage of people in each of the income ranges for both sexes.
|75,000 & over||14.7%||2.4%|
I am not presenting this information to tell you how great the educational system is here in the United States. These numbers can certainly be improved upon in many different ways. I am giving you this information so that you can compare the success statistics, expenditures, and incomes that you can expect from a 4 year college education against what you can expect while building an Amway business.
This web site contains several hundred tables of statistics about all levels of education from kindergarten to graduate school. This is our tax dollars at work! Thank you Bill & Al!