Statistics About The Average College Student Income

In this post, we shed light on the income realities of college students based on a range of statistics. From the varying earnings by race to the impact of majors on income levels, these data points provide valuable insights into the financial landscape of student life. Join us as we explore the nuances of student incomes, highlighting disparities, trends, and key factors influencing earning potentials.

Statistic 1

"The average part-time working college student earns $7,500 per year."

Statistic 2

"Student earnings vary by race, with White students making an average income of $8,000 annually."

Statistic 3

"African American students earn an average of $7,600 annually."

Statistic 4

"Hispanic college students earn an average annual income of $7,400."

Statistic 5

"Students majoring in Science, Technology, Engineering, and Math (STEM) earn higher incomes compared to other majors."

Statistic 6

"The average income for college students working in the summer is $3,500."

Statistic 7

"About 25% of full-time students were employed during their studies."

Statistic 8

"Average student income varies by state, with students in North Dakota earning the most."

Statistic 9

"On average, college seniors earn more ($14,500 annually) than their younger counterparts."

Statistic 10

"Online college students often earn higher incomes due to flexibility in balancing work and study."

Statistic 11

"Most working college students make between $7.25 (federal minimum wage) and $13 an hour."

Statistic 12

"The average income of college student parents is $7,900 annually."

Statistic 13

"College students in the arts, humanities, and education typically earn less than those in other disciplines."

In summary, the statistics on college student income reveal notable disparities based on factors such as race, major, employment status, state of residence, and academic level. White students tend to earn more on average compared to African American and Hispanic students, while those majoring in STEM fields typically command higher incomes. The flexibility of online programs can also lead to higher earnings, with North Dakota standing out as a state with higher average student incomes. Additionally, full-time employment during studies is common among students, and as students progress through their college years, their incomes tend to increase. Understanding these income patterns can inform policymakers and educational institutions on how to better support and guide students towards financial success in their academic pursuits.