Number of degree holders in US tops 30 percent for first time

According to data from the U.S. Census Bureau, the number of people who have a bachelor's degree has topped the 30 percent mark for the first time.

The number of individuals over the age of 25 with a bachelor's degree was approximately 61 million. Of this figure, 31 million were women. These figures represent a significant increase in the number of individuals successfully earning their degrees, as fewer than 25 percent of people in this age range had a bachelor's degree in 1998.

"This is an important milestone in our history," Robert Groves, director of the Census Bureau, said in a statement. "For many people, education is a sure path to a prosperous life. The more education people have the more likely they are to have a job and earn more money, particularly for individuals who hold a bachelor's degree."

However, there is still room for improvement, according to a report published by the Harvard Graduate School of Education. A study published by the university revealed that only 56 percent of people who enroll in bachelor's degree programs earn their qualifications in six years or less.

If you're thinking of filling out college applications, be ready to work hard. Although balancing your time between studies, a part-time job and a social life can be a challenge, earning a degree can be a real investment in your future.

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