Is going to college worth it? Is it going to help you attain a job that will help you achieve financial stability? Will completing a vocational program give me the same opportunity as attaining a bachelor’s degree? In recent times, there is a lot of uncertainty in life. You always hear on the news about college graduates living in their parents’ basements. They go to college to get a decent job, but they leave college with a mountain of debt. I would like to find out if college is really worth the cost and time or if I should consider other types of training. In this paper, I will be looking at the opinions of others on the subject.
David Leonhardt is an editor for the New York Times. He has a degree in applied mathematics from Yale University.
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Goldman Sachs says maybe not”, Heather Long conveys the opinion of Goldman Sachs according a report the financial services firm released. Heather Long is a writer for CNN. She covers the markets and the economy (Long). In her article, she writes that Goldman Sachs does not believe college is worth it anymore, unless you go to a top tier university. Long has predictions from Goldman Sachs that state “2015 graduates won’t break even until age 31, 2030 graduates won’t break even until age 33, 2050 graduates won’t break even until age 37” (Long). Goldman Sachs wonders that the students at community college and attending low ranking schools might have better opportunities if they pursued alternative types of education. Long has a quote from Goldman Sachs which reads “Graduates studying lower paying majors such as art, education, and psychology face the highest risk of a negative return, For them, college may not be increasingly be worth it.” (Long). Goldman Sachs feels that if one cannot get into a prestigious university, they shouldn’t waste their money on an education it will take one almost a decade to repay your loans. The financial services firm also believes that higher education is going to change, due to employers not finding qualified graduates. Goldman Sachs thinks some companies are going to start their own training programs to teach employees the skills that the companies require
In the Washington Post, the article title, “College is not a commodity. Stop treating it like one.” Everything revolves around money these days and the economy. The economy is justified to be expensive, by the time you are the age of 22 you will be in debt up to 100k dollars to 200k dollars. Regardless of where you go to college or what you go for you will be in debt. The author states that the value of education
To go to college or not to go? This is the question many ask themselves before making a life changing decision. Anthony P. Carnevale, in “College Is Still Worth It,” argues that people should go to college and not rely on faulty data on the worth of postsecondary education. Carnevale is a well-known authority on education and was appointed by President Clinton as Chairman of the National Commission on Employment Policy. However Richard Vedder responded to Carnevale with “For Many, College Isn’t worth it” and claims that college is worth it for some people, but it’s not suited for all. Vedder is an economist, author, columnist, and now a distinguished professor of economics emeritus at Ohio University and senior fellow at The Independent Institute. Vedder is able to convince his audience on why college is not always worth it, unlike Carnevale, who was unable to convince his audience.
They go on to say, "While the average return to obtaining a college degree is clearly positive, we emphasize that it is not universally so. For certain schools, majors, occupations, and individuals, college may not be a smart investment." (page. 209 Para. 1). This applies more to older students rather than students who are fresh out of high school. One of the main reasons the return rate is greater is because most of these students who are already working need more education in order to further themselves in their workplace. The authors also add that "The main problem is one of selection: if the smartest, most motivated people are both more likely to go to college and more likely to be financially successful, then the observed difference in earning 's by years of education doesn 't measure the true effect of college." (Page 209, Para #2). This means students who do not take advantage of all that college has to offer are not really getting the full experience. Why not invest in four years and come out with the opportunity to make more money? Some students want to go ahead and get school out of the way. Furthering education accumulates lots of debt. Some student 's choose not to overwhelm themselves with those costly decisions; they want to get right to work. Owens and Sawhill provided enough information on how logical it is to attend
The experience college can give is remarkable. College is a valuable experience because individuals who attend will have a lower chance of being unemployed, will be in better health, and paying off debts will be possible! Unemployment is on the rise, always trying to be avoided. By obtaining a degree, the chance of being out of work is reduced. Baum, Ma, & Payea (2013) claim, “The 2012 unemployment rates for 25- to 34-year-olds were 9.6% for those with some college but no degree and 7.2% for those with associate degrees” (p.20).
“Why College is Still Worth It Even Though It Cost Too Much.” Money.com (2015): N.PAG. MasterFILE Complete. Web. 11 Oct. 2016 The author of this paper address that a lot of college students feel like the time, money, and effort is not worth it; However, studies show that it does pay off by receiving higher pay, better work hours, and better benefits, such as insurance plans. A poll was done using college alumni to see if they thought that college paid off, and of the 30,000 that were in the poll a majority of them agreed that it did. Also, the writer includes several other polls conducted to show the life-long impacts of a college education, which includes better career and friendship
Is college worth it? Is college worth the time and energy you invest? This is a question that many students ask themselves as the cost of college rises and jobs are harder to find. As a 27 year, old college student myself I really thought about this question. I had to think back when I first started college at the age of 18 and how I was excited about starting college. I easily got tired of all the work that it took to get the degree so I dropped out. After having my first child and trying to work and take of her and myself with only making minimal wages, barely get by that when I knew college is worth it. A college education is one of the most reliable paths to financial success for students and gives the opportunity
The argument about whether college is worth it or not has been one of the biggest arguments throughout the media for decades. Students suffer a lot from the debts that they get from college and also the amount of studying that they do in college and when they graduate they ask themselves “is graduation from college really worth all the money that we paid and all the work that we have done?”. Leonhardt and Matthews are two journalists who talk about whether college is really worth it or not, and they both have different perspectives. David Leonhardt thinks that college is absolutely worth all the money you pay and the work you do, stating that “Americans with fouryear college degrees made 98 percent more an hour on average in 2013 than people without a degree.
People who graduated with a college degree still questions whether college was a good investment for them. “Do the Benefits of College Still Outweigh the Costs?” addresses how students who graduated with a college degree are still unemployed and in debt. Furthermore, students have been paying more to attend college and earning less upon graduation. This academic journal compares both the pros and cons of attending college. It contains graphs and illustrations that contribute more data about increasing tuition and how it affects your decision about whether to attend college. “The total costs to attend a 4-year college outweighs some people’s home value.” I thought this quote summarizes the academic journal very briefly.
Everyone knows that person from high school that just wasn’t cut out for college. It’s not a bad thing by any means, but if you’re thinking about heading off to college like many American teenagers often do, think about this: going to college can be a waste of both your time and your money. I’m not the first to say it, and I sure as hell won’t be the last. In Stephanie Owen and Isabel Sawhill’s essay, Should Everyone Go to College?, the two authors take a strong economic approach to justify going to college. Owen, an ex- senior research assistant at Brookings’ Center on Children and Families and current research associate at the Urban Institute, a nonpartisan center for research on the problems of urban communities, and Sawhill, the co-director of the Center on Children and Families and a senior fellow in economic studies at Brookings, claim that the return on investment (ROI) of a college education is overwhelmingly positive on average; However, they also bring light
Although a college education grows more and more expensive every year. People begin to question whether college is a good idea to invest in or not. “As college costs continue to rise, students and their families are looking more carefully at what they are getting for their money. Increasingly, they are finding that the college experience falls short of their expectations”(Cooper. H Mary). Many people believe that the cost of a college degree has outstripped the value of a degree.Studies show that a college degree will increase your earning power. A lot of people say that a college degree now is worth what a high school diploma was wor...
Honestly college at this certain point in time does not seem worth it. Everywhere else in the world college is free but the United States. People would feel more motivated to go to college if it was free. College is the main reason Americans are having to live such a hard lifestyle. My father did not go to college and makes eighteen dollars an hour. On the other hand my aunt did go to college and make twenty-four dollars an hour but is still paying back student loans so after paying all of her stuff back she only makes around fifteen dollars an hour that she gets to bring back and that doesn’t include taxes. That’s the reason college doesn’t seem like a good choice to make in life.
In “Should Everyone Go to College?” there are multiple figures depicting the return of investment on different Bachelor’s degrees. Among the lowest ROIs include the majors of liberal arts, literature, and the arts (215). These are majors which on average, don’t pan out well for those who invest in them. As we often forget, college is an investment in a future career, and so there are certain majors which just aren’t good ones to make. Other majors, such as engineering, computers, math, science, and business, are fantastic investments based on the work-life earnings on different careers pertaining to these majors. These are the ones which are the best ones to invest money in if someone’s looking for a college route, and if they are having trouble finding a way to pay for it, they should consider looking to methods such as doing some time in the military, applying for scholarships, or going to a community college, in order to help them achieve their
Subjects talked about incorporate the advantages, costs and financial return of school training, examination for compensation of school graduates, and the ramifications of rising educational cost and falling wages for the estimation of school instruction (Abel, Jaison R., and Richard Deitz. "Do The Benefits Of College Still Outweigh The Costs?." Current Issues In Economics & Finance 20.3 (2014): 1-12. Academic Search Alumni Edition. Web. 1 May
College is not worth it because it’s too expensive and most people can’t afford it. Even with a scholarship and there is a possibility that they will not find a job additionally, not all jobs require a degree. If people do go to college, there still is a chance that they might not get the job even if they want. They say a degree helps give people more of a chance to get one it is still a slim chance.
In today’s society, the idea of receiving a college education has been pondered quite a bit as to whether or not it is actually worth it. According to Michelle Adam, many people “…today believe that getting a good education is key to success in our society, this revealed surprising issues that challenge the notion of higher education being worth its price tag” (59). Naturally, many high school graduates apply for college right before or after graduation. Others decide to go into the work force, armed forces, or simply remain unemployed. The question that many people debate about is, is a college education worth it in the long run? Though some people believe a college education will benefit ones’ career, others believe it will cause a mass of debt and loans for college students and graduates, and postpone life events.