How to make sure you get a great education in 2019
A new national report finds that students in 2019 will earn a higher median income than students in 2008.
The study, by the College Board, found that students will earn between $24,000 and $36,000, or a $2,500-to-$6,000 annual boost.
The report is based on a survey of more than 3,000 high school seniors from across the country.
It was conducted this fall and is the result of a partnership with The College Board.
The College’s report shows that students from low-income families will earn $4,000 less than those from high-income parents in 2019.
The gap in median income for students from all families will widen in 2020, according to the report.
The report also found that the median annual earnings of black students are expected to decline by $2.8 billion in 2019 compared with the $4.5 billion gap in 2019 for white students.
The median annual income of black and Hispanic students is expected to increase by $1.6 billion.
The average earnings of students of color are expected also to increase.
The gap in income between students from middle- and high-class families is projected to widen in 2019, according the report, but by 2020, the gap is projected shrink to $1,700.
The analysis also found a significant decline in the earnings of African American students in the 2020-2021 academic year.
The College Board is also projecting that students who receive Pell Grants, Head Start and other federal aid will earn an average of $12,000 more than students who do not.
The annual growth in median annual wages for Pell Grant recipients is projected at 2.3 percent.
The rate for Head Start recipients is 2.7 percent, while the rate for other programs is projected 3.5 percent.
In 2019, the average household earning $75,000 to $130,000 will earn more than $15,000.
In 2020, that income level is projected as $27,000-30,000 per household.
The percentage of Americans who are in this income bracket is expected at 52.7, up from 50.5 last year.