Market value of a post-secondary degree remains as strong as ever



    MONTREAL, June 23 /CNW Telbec/ - Post-secondary graduates holding a
college diploma or university degree are more likely to be employed and they
earn more than people who have not continued their studies past high school,
confirms new research published today by the Canada Millennium Scholarship
Foundation.
    The report, entitled The Value of a Degree: Education, Employment and
Earnings in Canada, shows that even though the number of post-secondary
graduates has grown in recent years, the benefits of a degree, in terms of
stable employment and higher earnings, have not diminished.

    
    Key findings of the report include:

    - Canadians without a high school diploma are two and a half times more
      likely to be unemployed than are those with a bachelor's degree.
    - In 2005, a bachelor's degree holder earned $18,000 more per year than a
      high school graduate. The holder of a university graduate degree earned
      $29,000 more than a high school graduate.
    - Over the course of 40 years, a college graduate will earn $394,000 more
      than a high school graduate, while a bachelor's degree holder will earn
      a premium of $745,800 over the course of 40 years.
    

    "These results show that those who believe there is already too much
pressure on young Canadians to pursue post-secondary education are wrong,"
said Norman Riddell, the Foundation's executive director and CEO. "Few if any
investments an individual can make will produce as great a return as a higher
education. Moreover, given that post-secondary graduates are the strongest
contributors to the Canadian economy, it is imperative that measures are taken
to improve access for those youth who have not traditionally pursued a
post-secondary education."
    The Value of a Degree: Education, Employment and Earnings in Canada is
available on the Canada Millennium Scholarship Foundation's website at
www.millenniumscholarships.ca/images/Publications/090623_POKIV_Ch1_EN.pdf.

    The Canada Millennium Scholarship Foundation is a private, independent
organization created by an act of Parliament in 1998, with a mandate to
deliver bursaries and scholarships to Canadian post-secondary students until
the end of 2009. The Foundation provides students with opportunities to pursue
the post-secondary education they need to prepare themselves for the future.
To date, it has awarded more than one million bursaries and scholarships,
worth more than $3 billion, to Canadian post-secondary students. For more
information, visit www.millenniumscholarships.ca.




For further information:

For further information: Jaime Frederick, Communications Advisor
(Research), Canada Millennium Scholarship Foundation, (514) 284-7240,
jfrederick@bm-ms.org

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CANADA MILLENNIUM SCHOLARSHIP FOUNDATION

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