According to a U.S. Census Department study entitled "The Big Payoff: Educational Attainment and Synthetic Estimates of Work-Life Earnings" (http://www.census.gov/prod/2002pubs/p23%2D210.pdf), over an adult's working life the following are average lifetime earnings based on educational level attained:
High school graduates - $1.2 million
Bachelor's degree - $2.1 million
Master's degree - $2.5 million
Doctoral degrees - $3.4 million
Professional degrees do best at $4.4 million.
In 1999, average annual earnings ranged from $18,900 for high school dropouts to $25,900 for high school graduates, $45,400 for college graduates and $99,300 for the holders of professional degrees (medical doctors, dentists, veterinarians and lawyers).
Given empirical, verified and objective data demonstrating that a college education more than pays for itself, it is foolish for someone to suggest that they can't reasonably expect a return on their investment in a college education. It would take a real moron to suggest that they could exceed that return by wasting their time building an Amway business. Especially given the data showing miserable average results.
As far as the cost of that education and the implication that a person will incur massive debt, that too is a complete fabrication.
For those of you interested in the actual data on student loans and the effect of a college education on earnings, look here:
http://www.studentloanfacts.org/NR/rdonlyres/97FD743A-8F38-4641-916A-C4D907A84EE5/0/factbook.pdf
and here:
http://www.collegeboard.com/prod_downloads/press/cost03/cb_trends_aid_2003.pdf
and here:
http://nces.ed.gov/programs/coe/2003/pdf/42_2003.pdf
Oh, and if you are an "average" IBO, spending 40 years working Amway with the average earnings of $115 a month, your career of 40 years will gross you $55,200.
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