In my pursuit of higher education, I have earned two bachelor’s degrees, two master’s degrees, and am working on a Ph.D. In total, this has cost me over one hundred and fifty thousand dollars. I’ve done all of this, because I believe formal education is important. Part of this belief came from seeing charts like this presenting a correlation between higher degrees and higher income; showing on average that a person with a college degree earns far more money than the average person without a high school diploma.