The median cost of a bachelor’s degree in the United States in 2017 was $31,924, according to a report released by the Bureau of Labor Statistics on Tuesday.
That’s up 3.3% from the same time last year.
The report also found that the median income for a bachelor in 2018 was $51,818.
The report also showed that the average college degree holder earned $17,965 in salary, and the average debt for a degree holder is $21,874.
The median salary for a full-time student at the nation’s top private four-year college was $53,000 in 2017.
According to the report, the median salary of a full time student at public four- years was $50,000, and that the wage gap between bachelor’s and master’s degrees was $10,000.
For comparison, the national median household income is $49,100.
In 2016, there were 3.5 million people with bachelor’s degrees in the U.S. The unemployment rate for a high school graduate was 6.5% in 2018, and a bachelor degree was not a prerequisite for a job.
The average wage for a college graduate was $41,732 in 2017, down 0.2% from 2016, and it’s the first time the unemployment rate has fallen since 2013.
While many of the changes reported in the report may be temporary, the number of people with a bachelor or master’s degree has increased from 8.3 million in 2000 to 9.7 million in 2017 and 10.2 million in 2018.