Final answer:
The word 'premium' in paragraph 7 implies that the wages college graduates receive are of higher value, contributing to a positive tone in the article about the financial worth of a college degree.
Step-by-step explanation:
In paragraph 7, the use of the word premium to describe the additional wages received by college graduates implies a higher value and quality associated with college education. The term 'premium' typically conveys an idea of superior quality or status, suggesting that the extra earnings are not just wages, but signify a reward for the higher investment in education. This choice of diction adds a positive and somewhat prestigious tone to the article, emphasizing the financial benefits and value of obtaining a college degree despite potential debt and challenging job markets.