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Every student struggles with the decision to go to college or not. For the average family, their dream is for their child to achieve higher education than they’ve had. However, high school students may choose to not attend college at all and to do something else they believe is worthwhile. The value of a college degree has been a controversial debate that still continues to this day. Both authors Leonhardt and Matthews respectively illustrate their contrasting opinions on the topic, with significant logical evidence to support their claims. As each person has a different career in mind or own personal values, the idea of whether attending college is worth the cost is a personal question. However, choosing to take a college education despite …show more content…
It’s true that many recent college graduates are unsatisfied with the student debt they’ve accumulated or the jobs they are unable to obtain. However, author Leonhardt of “Is College Worth It? Clearly Data Say” remarks back with research from the Economic Policy Institute that demonstrate how the “average student debt is about $25,000” (p. 3) for four-year college and that the “unemployment rate in April [2014] for people between 25 and 34 years old with a bachelor’s degree was a mere 3 percent”(p. 3). As a result, Leonhardt gives significant data to emphasize why students shouldn’t be worried about their financial situation after graduating from a 4 year college. He highlights the significant amount of money students would be losing if they did not attend college by citing a paper by Mr. Autor in the journal of Science, which states that “the true cost of college degree is about negative $500,000” (p. 2). Thus, students who choose not to follow a path of higher education will typically not acquire as much money in their entire lifetime as they could be earning if they had a college degree. Most parents would agree with author Leonhardt because college is the only reliable way to ensure a student is able to get a well-paying …show more content…
In the article “Why college isn’t for everyone, explained in a single chart” by Matthews, there are noteworthy pieces of evidence to exclaim how the cost of a degree has increased remarkably, while college graduates have been stuck earning the same wages. He reveals that “the bottom quarter of earners with a college degree don’t make more money than the average high school graduate,” (p. 2) which hasn’t changed for the past 40 years. Matthews builds a concrete argument with logical evidence by using statistics from the Federal Reserve Bank of New York, while considering other factors of why 25% of college graduates may not be earning as much. He states that some aspects have not been accounted for, such as “how much money this bottom quarter of degree holding earners would have made without their college education” (p. 3) or career choice as “there are many jobs that require a degree but don’t pay very well” (p. 3). With this in mind, Leonhardt’s argument still stands for why college education overrules as the best decision because the majority of students are given crucial advantages high school graduates may never
Many kids beginning the college - decision process may be feeling lost at first, and ”By telling all young people that they should go to college no matter what, we are actually doing some of them a disservice.”(Owen and Sawhill 209) For a seventeen/eighteen year old, going to college is arguably the biggest decision that they have had to make in their life thus far, and having the facts that Owen and Sawhill produce can be invaluable to the decision-making process. It is clear that the purpose of their essay is to better inform these young adults and guide them on their journey that is life after high school. The primary claim that Owen and Sawhill attempt to drive in using rhetorical appeals is that on average, having a college degree will lead to a higher income than not having one; however, it is not universally
One statistic that Owen and Sawhill presented was “Hamilton Project research shows that 23- to 25-year-olds with bachelor’s degrees make $12,000 more than high school graduates but by age 50, the gap has grown to $46,500 (Figure 1). When we look at lifetime earnings—the sum of earnings over a career—the total premium is $570,000 for a bachelor’s degree and $170,000 for an associate’s degree. (Owen, Sawhill pg 641). Owen and Sawhill also mention that “with tuitions rising faster than family incomes, the typical college student is now more dependent than in the past on loans, creating serious risks for the individual student and perhaps for the system as a whole, should widespread defaults occur in the future. Federal student loans now total close to $1 trillion, larger than credit card debt or auto loans and second only to mortgage debt on household balance sheets” (Owen, Sawhill pg 642). Basically, what the authors are saying is college is expensive, but for some career paths, the training and education received in college is necessary to have that job and the benefits outweigh the costs. With a high paying career where a college education is necessary, paying off student loans is no problem. On the other hand, people who go after low paying careers that don’t necessarily need a college degrees,
To go to college or not to go? Is the question many ask themselves before making a life changing decision. Anthony P. Carnevale “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. While Richard Vedder respond to Carnevale with “For Many, College Isn’t worth it” and claims that college is worth 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.
people agree with the state that Liz borrows from Thomas Jefferson, "Everybody should have an education proportional to their life,"(Addison 256). Unfortunately, the average income between rich and poor in America is not accurate, everyone supposed to become somebody in life; college gives opportunity to everyone who wants to do so, to become whatever they want, and at any age with a low cost. as much as the income level between rich and poor in America stays unbalanced; college will always be there to gives opportunity to people who want to learn, but cannot afford to attend university. Liz Addison points out an example in the article.
“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
When it comes to the topic of college, Martin Espada, the author of "Why I Went to College," argues that college is a must and that if you do not attend college there will be consequences. In comparison, David Leonhardt, author of "Is College Worth it? Clearly New Data Say," also argues that college is very important to get a higher paying job than those who do not attend college. In contrast, Leonhardt also argues that college may not be the best idea considering the substantial amount of debt provided with college. My own view is more with David Leonhardt because I understand both sides of attending or not attending college with the positives and the negatives of the dilemma. This discussion is important in our society today because we constantly push the idea of college on to kids that may not even be ready for college or the fact that the debt may not be worth it; also the rise in the wage gap between college students and non-college students.
Leonhardt believes it is a smart decision to go to college because it increases the amount of money a person will earn if they earn a college degree. However, Matthews is discouraging readers that college is not really a smart decision because of the loans they have to make up. He also argues that college graduates don’t make more money than a high school graduate. Getting a college degree is important for teenagers and adults in order to have a greater success, more money he or she will earn, and most importatntly, more knowledge he or she will
While some say that college is a good investment due to its tendency to grow a student's character and intellectual ability, the downsides to college sorely outweigh the potential benefits that it has. While college does grow a student in multiple ways, “57% say that the higher education system in the United States fails to provide students with good value for the money they and their families spend.”(Doc F). This majority opinion demonstrates that the growth you can achieve in college is sorely outweighed by its economic cost, and not worth doing.
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.
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
While college may be initially uneconomical, evidence from a 1959 census shows a “three-fourths of earning difference” between those who graduated from college and those who merely received a high school diploma (Weisbrod et al 495). Weisbrod and Karpoff acknowledge the high cost of college in America, but assert the benefits of a college degree will more than reimburse a person in the long run, therefore the initial cost of attending a college is worthwhile. (Weisbrod et. al). Furthermore, this indicates only “one-fourth of the earnings differences are attributed...to non-schooling factors”, which proves the significant role college plays in determining the future earnings of an individual (Weisbrod et. al 497). College appears to be the most influential factor in regards to a person's earnings, therefore according to Weisbrod and Karpoff, college is necessary for a person who wishes to obtain a higher expected income. Even students who attend mediocre to below-average colleges will receive “a lifetime income that is [around] 10 percent lower ...than that which someone at one of the best schools can expect” (Weisbrod et. al 497). Weisbrod and Karpoff contend even low-tier colleges result in higher earnings, therefore a student should strive to attend any college regardless of the
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...
College is thought of as what every parent wants for their child, so they can go off andmake something of themselves. For the most part, this is true. Those who attend college arebetter off than those who do not, on average, earning far more than their undereducatedcounterparts. College is a worthwhile investment and should be pursued by all who have thechance because it helps students further their knowledge, it is a place to find who you are, and itgives them a different perspective of the world.College is worth the cost because if college was available for everybody and collegedegrees were handed out as commonly and at the same rate as high school diplomas then collegewould not be that special. Therefore, college would just be an extension of high school. Ifanyone could get their hands on a degree, how would you be able to get the job you want? It isbetter for college to cost money because if a student really wants to attend college and furthertheir education, they should have already been willing to pay or to find a way to pay for collegeto get the upper hand on the general
A diverse array of arguments concerning the costly price of college and its equivalence to the ultimate result of attending persists along a vastly debatable spectrum of economic and social influences. Those seeking a better standard of living by the means of higher education often find themselves in conditions that are more adverse than their lifestyle prior to attending college. Efforts to dwindle the expenditure of college education have the potential to produce a heightened reality of the world, with intellectual knowledge as a pivotal key. The expensive cost and limitability of a college education has potential to invoke incentive to work harder in one’s studies; however, the cost can crush individuals enrolled, obtaining a college degree does not ensure employment, and an excessive number of individuals are hesitant to attend college in the first place due to the prevalent debt tied to its completion.
By attending college, students guarantees themselves a better job that the average Joe. Because the world is changing rapidly, and many jobs rely on new technology, more jobs require education beyond high school. With a college education, an individual will have more jobs from which to choose. In addition to obtaining a better job, people who go to college usually earn more money than those who do not. College furnishes you with proper credentials and documents to land high-level jobs. Figures from an A&E television program on ‘The Working Class’ show that in 2004 the average earnings were $23,895 for a high school graduate and $41,478 for individuals with a bachelor’s degree. Getting a college education is simply a stepping stone in ensuring yourself with a good start in life. Some may agree that college students are open minded and knows exactly how to expre...