Refer to Exercises 61 and 62. How much more will a person with 4 yr of college who earns the median amount make during his or her career than a person with no college attendance who earns the median amount during his or her career? If the expenses of a 4-yr college degree are estimated at $95,780, is earning a 4-yr college degree worth it?

Exercises 61.

In 2012 the median annual earnings of a high school graduate with no college attendance was $30,000. This amount is expected to increase by about $268 per year. 

Exercises 62.

In 2012 the median annual earnings of a person with 4 yr of college was $46,900. This amount is expected to increase by about $813 per year.