Millennials are the most educated generation.Millennials are the most educated generation in history, with 19% of those born between the 1980s and early 2000s possessing a bachelor’s degree or higher, and 40% still in school. This sounds excellent on paper – but six months after graduation day when the federal student loan grace period ends and repayment begins, millennials begin to question if their expensive educations are worth it as they stare at their student loan balance.

Millennials with college degrees earn more over time.


Upon graduation, student debt averages around $29,400. To a student who has just graduated from college, this can seem like an astronomical sum. Don’t panic. We promise your education will be well worth it, and you can repay your loans.


A Pew Research Center Study found that college grads working full time earn about $17,500 more annually than their peers who possess only a high school diploma. In fact, millennials with a college degree typically end up earning 75% more during their lifetimes.


We realize you’re facing a tough job market – but your newly minted degree makes you more employable: 3.8% of college graduates are unemployed, compared high school graduates who are nearly three times as unemployed as those with a degree from a four-year university at 12.2%.




In 2012, those with a four-year degree from a university earned a median average of $45,500 annually, while those with a two-year degree earned $30,000 and those in possession of a high school diploma earned $28,000. There is a strong correlation between level of education and income level, and it only continues to rise with each new generation:

Correlation between income level and education - Pew Research Center

More education also seems to translate into higher job satisfaction, with 53% of millennials with a bachelor’s or higher reporting that they were ‘very satisfied’ with their current place of employment. 37% of high school graduates reported the same level of job satisfaction.

Though the cost of college is already high and continues to rise, it’s important to realize that your education can be equally as valuable as it is expensive. Try to think more long term – while friends and peers who graduated high school with you and did not pursue higher education may seem like they are better off in the present tense, over time you’ll be happy you made an investment in your education.

If you’re having trouble paying down your student debt, Moran Law has a wealth of resources available to those who want to know more about their student debt and how best to pay it back:

Student Debt

Student Debt Glossary of Terms

Student Debt Repayment Plans

Paying Back Student Debt