...Is a higher education worth the price of admission ? Unemployment in the United States has been a pertinent issue for the last couple years, and has been perceived as a top priority on Congress’ political agenda. The question remains as to how future generations should prepare themselves moving forward, with regards to their career plans. In other words, how economically sound is it to invest in a higher education. I have decided to explore this topic from different angles. Obviously, the main concern with institutions of higher learning, is financial debt. According to Sam Frizell’s article, “Student Loans are Ruining Your Life. Now They’re Ruining the Economy, Too”, students in the United States are “well over $1trillion in debt, and its starting to hurt everyone.” The reason for this increasing debt, is the result of increasing tuition costs of colleges and universities. Many students who are saddled with an exorbitant amount of debt, are taking longer to pay off their education costs. This issue not only affects the individual trying to pay off his debt, but also adversely affects the economy as a whole, since if students have less money as a result of paying debts, that is less money they will be spending on services and goods. This concept of higher education negatively affecting the economy, goes against conventional wisdom. Obviously, education is generally seen to be vital for the economy, and it is. As Noah Berger and Peter Fisher mention in their article “A...
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...Unless you are independently wealthy and are able to travel the world. Without a college degree, you will never get a good understanding on how the world works. Oliver Wendell Holmes once made this statement, "The mind, once expanded to the dimensions of larger ideas, never returns to its original size." When I was younger, I did not believe a college degree was important. I felt that a good work ethic and doing what was best for the company would thrust me to the top. How wrong I was. In this paper, you will read how a college education will bring an individual self-satisfaction, increase their promotability and improve their quality of life by their higher lifelong earrings. The desire of obtaining a college degree starts with the person. As college students, one must decide what level of commitment we are going to implement to obtain our goal. The intrinsic value is the first issue at hand. It's like being at the hardware store and asking yourself how much will I get out of certain expensive power tools. In other words, how does the end look? You would never Fe motivated to make a large purchase if it were not worth your time and effort. Students have to visualize the end game. Understand that people with college degrees coupled with life experience are usually better equipped to deal with the all the challenges life will bring. For others, it might be the right of passage. People with a college degree are more likely to have an extra boost in self-esteem. Even if they do not...
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...Over the last few years, there has been a debate as to whether a college education is worth it. With the sky rocketing debt in student loans, the employment rates, and the time dedicated some people believe that it is not worth the time nor the money. Many people have many different views on college education. From recent studies and statistics, the employment rate is higher for a college graduate, depending on the degree, than a person who has little to no college credits. Also, the money a college graduate makes is high than that of a high school graduate. While the time dedicated may be too much for some individuals, in the end it all pays off not only because of the hard work but also because of the experience. Obtaining a college degree is worth it because of the employment rates, cost of expenses, time dedicated, and experience. There are different types of degree; Associate’s, Bachelor’s, Master’s, and Doctorate. An associate’s degree is a degree that is common at junior or community colleges and trade and professional school. The requirements to complete an associate’s degree is about 60 hours of course work, which...
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...Why go to college? Is it really worth it? These are questions that many Millennials are trying to find the answer to. There are so many different paths to take, but why college? Well, we can start off by saying that college has many benefits. Some of these being higher salaries, lower unemployment rates, and overall just having the opportunity to pursue higher education and gain the skills needed to follow your ambitions to the best of your ability. These reasons answer those burning questions and provide the answer that college is most definitely worth it. For one thing, graduating from college comes with higher salaries and lifetime earnings. A study by Georgetown’s Center on Education and the Workforce came to the result that people with...
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...past several years, college education has become a highly controversial topic worldwide due to the grave increase in the tuition costs. The indefinite escalation in costs is causing the students to resort to student loans to help them temporarily overcome the financial obstacles to finish their college education. However, the graduates eventually become tremendously indebted and struggle to get back on their feet post-graduation to recuperate the college costs. The latter, along with many other factors, leads to raise the critical question of whether a college degree is worth the high cost. The following literature review will be conducting an investigation in whether college education remains worthwhile and pays off in the shadow...
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...Morgan Atwood Professor Branham English 102 July 4, 2016 College Majors, Unemployment and Earnings: Not All Colleges Degrees are Created Equal The Article, College Majors, Unemployment and Earnings: Not All Colleges Degrees are Created Equal by Anthony P. Carnevale, Ban Cheah, and Jeff Strohl, asks the question “Is College worth it?”(297) Does putting all the time and money into a system of learning really worth it? After the recent Great Recession, young adults are faced with this question. The answer? Yes, and the research shows us that “bachelor’s degrees is an unacceptable 8.9 percent, but it’s a catastrophic 22.9 percent for job seekers with a recent high school diploma—and an almost unthinkable 31.5 percent for recent high school dropouts.” (297) When going to college, student need a game plan, they need to pick the right degree to have the best chance of employment. The lowest unemployment rate right now is in architecture, due to the collapse of the construction and home building. Majors in the field of Computers and Mathematics vary in unemployment, depending on the type of major. “The Education, Healthcare, Business and Professional Services industries have been the most stable employers for recent college graduates.”(298) Unemployment rates are very low compared to other rates at around (5.4 percent). In the research, college majors that “aligned with particular occupations and industries tend to experience lower unemployment rates” (298). Majors directly...
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...College Is Worth the Cost Parents always want their kids into college. Parents want their kids in college, their reason could be they did not go to college, and they want better for their children. Parents always want their kids to have a better life than they did, they want bigger and better things for them. So, college is worth the cost, because it's a parents dream for their kids to be in college, so they can be successful in life. Therefore, college is worth the cost, because people that attend college usually acquire money in the end. The people that attend college obtain higher paying jobs. “The average debt now is about thirty thousand dollars for kids” (Anthony). Those with a bachelor’s degree or higher have higher earnings than...
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...Is going to college worth it? The importance of college can be a very controversial topic. People either see college as the key to a successful life or not necessary. I'm here to tell you college is worth it completely. College comes with the benefits of financial stability and much more job opportunities. Starting off, having college experience can result in you earning more than someone, with a high school diploma as their highest education level. Stated in the article, "Actually, College is Very Much Worth It, college graduates earn more and are more likely to have a job in the first place" It has also been proved that "the income of someone that only earned a high school diploma was $35,615, while the income for those with a bachelor's degree was $65,482 and $92,525 for those with advanced degrees," stated in Christian Yang's, "DON'T Drop out to do a Startup". Not only will you get more money by achieving the lowest college education level, bachelor's, but the longer you stay and climb for the next level the more you'll be earning. Also, college can open plenty more job opportunities for you. The higher education level you reach for the more jobs that will be...
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...Recently, students have raised many questions as college tuition continues to increase and jobs become harder to attain. Many individuals have been paying a vast amount of money to attend college, then upon graduation have come to earn less than spent. Thus, igniting the argument about the importance of the college degree and whether the financial benefit would be greater if one entered the labor market directly out of High School. The benefits of a degree holding individual still tend to outweigh the costs, “With degrees earning a return of about 15 percent over the past decade,” (Abel and Deitz). These returns have continued to be high despite the falling earnings and rising tuition, because the salary of the individuals with no university...
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...higher education outweighs the cost, offers greater earning potential and career. In the last 22 years, I have noticed a drastic change in the job market. In fact, more and more employers are requesting potential employees to have some form of education above high school. Truly, high school students and adults struggle with the decision to gain a higher education due to the cost. Indeed, while earning your degree can carry a hefty price tag, you shouldn’t let that distract you from seeing the bigger picture. There are a wide variety of financial aid options available that can help with the cost. For example, the federal government offers money, and your work may offer a tuition reimbursement program. Moreover, in a 66 page report, from Pew Research Center, it stated that, “An overwhelming percentage of college graduates then and now believe their college degree did or will pay off, despite the financial investment,” (Weinreich, 2014). Besides struggling with the cost, you must also consider the greater earning potential for someone that holds an education above high school. Namely, in today’s economy many people are looking to earn a higher pay due to the rising cost of living. However, some only have a high school diploma which may be keeping them from advancing in the work place, and in their goals. While higher pay without a higher education still is possible, research shows that a degree can offer grater earnings. Stephen Ohlemacher stated in...
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...September, 2015 Unforgiving College Expenses Many young adults have a misconception of how significant student loan debt is. In addition, many form a false sense of security and seem to believe that if you have a four-year degree you are guaranteed a financial success. This however is not true, the constant push for a college education society places on young adults makes college very misconceiving. High schools and parents push students to go to college. High school administrators and parents alike encourage students to trek the college path at every given oppturnity. Posters displayed on Deer Valley High School walls frequently compare degrees and income levels. For instance, a high school graduate can expect to earn roughly 1.2 million dollars in a lifetime. A college graduate’s average earnings ascend to 2.1 million dollars. A master’s degree recipient would observe his/her average income increase by 400,000 dollars, while a doctorate level graduate tops everyone at a whopping 3.4-million-dollar lifetime earnings (“Burleson Consulting”). Parents are major influences on adolescents’ thoughts and decisions. While parents often adamantly encourage their children to attend college, rarely is there mention of the potentially taxing expense of doing so. College expenses have increased drastically. According to an article from U.S. News and World Report, a contrast between the previous generation and today’s is the expense of a college degree (Berger). The average annual...
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...High-paying jobs, huge amounts of debt, and a diploma; what do the three have in common? The answer: they can all be obtained through a college education. The idea of college has spawned many arguments since its creation, and it only becomes more prevalent as time wears on. Supporters believe it to be valuable, whether for grabbing a great job or for the once-in-a-lifetime experience. However, opponents say it isn’t worth its high cost or that it doesn’t always pay off in the end. While college can provide the opportunity for a better future, making it worth everything, it could also end up causing serious health problems. To begin with, college offers an opportunity for a better life. The article Education Still Pays states, “For decades, BLS data have shown that workers with more education have lower unemployment and higher earnings than workers with less education.”(p. 64) The article explains how college graduates are able to get much “higher earnings”(p.64) and are more likely to get a job. Both would allow graduates to have a stable life and fewer problems than those without a degree. The author also uses the word “decades” to show this trend is not new. An education is, and has always been, a necessity for a successful future. The article Why College Isn’t (And Shouldn’t Have To Be) For Everyone also says, “A degree from a prestigious...
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...believe a college degrees is worth incurring significant debt because of the going to college opens up more opportunities to make more money than a high school graduate or people who didn't complete high school. Also college graduates also are healthier and live longer than others. My last reason is that earning a college degree is a major life achievement for people. Bases on what i read college graduates make more money than a high school graduate or than people who didn't complete high school. A college graduate with a bachelors degree earned $30,000 more per year than a high school graduate. Today most good jobs will require a college degree. Businesses want to hire people who know how to think and know what they're doing when it comes to working. Although many students do not graduate and waste their own and also the governments money. Over 25% of students who enroll into college do not return for their second year. The government gets fewer tax from non-college graduates than from college graduates who have higher wages. Many college graduates are healthier and also can most likely live longer than non college graduates. 83% of college graduates reported being in excellent health, while the high school graduates reported 73%. In 2008, 23% of college graduates aged 35 to 44 years old were overweight compared to 37% of high school graduates. Its been known that college graduates on an average lives six years longer than a high school graduates. Even though college stress...
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...decision on whether or not to go to college was an easy determinant for me. I knew that going to college, I would gain information and skills that I could use no matter what career or job training I choose. The world is changing rapidly; more and more jobs require education beyond high school. College graduates have more jobs to choose from than those who do not pursue education beyond high school. Earning a college degree will enable me to start my own business, earn more money, and have self satisfaction. Upon completing college, I want to start my own business. In order to do that, I need to get a business plan together, and I need to have all of the aspects of opening and running the business worked out for the short and long term. It will be hard work, but I know I can do it because I will develop the skills, techniques, and knowledge from college to successfully operate and own my business. Also, I will have the ability to communicate effectively and be able to direct others within my business. It is exciting to know that a bachelor’s degree will help me to obtain these particular abilities and master the latest methods. In fact, owning my own business will allow me to earn more money. In owning and operating my own business, I want to be comfortable in making decisions and taking responsibility to ensure that I will be able to earn more money. Financially, earning a college degree is a wise choice. The rate of return in future earnings for every dollar a student spends...
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...College For The Future As many high school students finish up their graduation walk, many of them are still wrapping around the idea of whether going to college is worth it or not. Parents are also trying to figure out will their children be safe and sound at whatever campus they are staying at. Most importantly, many parents are thinking of how helpful college can be for their kids. Overall, the thought of college for each individual that is pursuing further education is different but for parents, they are most likely having the same worries and excitements as many others. To have the education to get the dream career in the end and be able to get anything they once dreamt of are what many students have in mind when pursuing their college education. Many might say that going to college has no purpose in life but surely, the purpose of college education...
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