What Influences Incomes

In most cases, college tuitions are expensive and lead to massive loans for college students. Student loan debt reached around $1.3 trillion in 2017. Will the amount of money students put into their educations give them good return on their investments? The objective of this paper is to examine the effect of education on income. To analyze the correlation between education and income, several statistical tests will be used. The hypothesis of this paper is that the level of income depends on education, but not exclusively. To test this hypothesis, independent variables such as median age of citizens in each state, types of degree obtained, or races/ethnicities of people who obtained degrees will be analyzed. Those variables will be used to determine if the amount of income depends on factors other than education level