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The rising costs of higher education
The rising costs of higher education
The rising cost of tertiary education
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A college education can provide many opportunities to make a better living and better life; however, those on the other side debate the value of a college degree saying college puts students in unreasonable debt. Those who agree that obtaining a college degree will better one’s chance at job placement, salary, and standard of living. Having a college degree will better one’s chances of getting a job over someone without a degree. A college degree shows that one did their time in school to higher their education and they ave what it takes to take on task as best as they can. According to Luhby 2016, as the years go on Americans with only high school diplomas are shrinking in the work force. Years ago a college degree wasn’t as necessary as …show more content…
The higher someone’s education is the more likely they are to get a job position over someone with just a high school diploma, because employers know that college graduates learn the skills and work ethic that they need to have in the workforce that high school graduates do not learn in school. Job Placement is one of the benefits that comes with advancing one’s …show more content…
In Kurtzleben (2014) study “Income Gap Between Young College and High School Grads Widens” he states “among millennials ages 25 to 32 years old earnings for college-degree holders are $17,500 greater than those with just high school diplomas.” As the college graduates net worth is increasing each year, the high school graduates net worth is decreasing each year. Just by having a college degree will boost anyone’s chance of making more money than those without a college degree, because once a employer sees that, one has a college degree over one that just has a high school diploma the employer will automatically think that the one with a college degree has more of the skills such as communicating, writing, thinking skills. That high school graduates do not have. Kurtzleben 2014, also states in the study that high school graduates net worth has fallen from $11,455 in 1984, by 2011 it was less then one-third of that. As the years go on, people with only high school diplomas are making less and less money each
"It's clear that a college degree long ago supplanted the highschool diploma as a minimum qualification for entry into the skill level market, and there is abundant evidence that people with a college degree earn more money than people without one" (Delbanco 506). In our economical system the presence of education is not only relevant but pertanent to being able to navigate through the systems put in place. It is hard enough for individual who do have some form of formal education to obtain employment because of the increasing competition in the job markets, let alone for a person who does not have any formal education. In the system that is in place, a person without a college degree is equivalent to the square peg in a round hole. The obtainment of a degree usually determines the difference between the individual's path to a job or a career. Certain
Based on Three Reasons College Still Matters, there are three main reasons why a college education is so important. From an economical standpoint, an education is most of the time needed to earn enough money to live comfortably. Attending and completing college provides a possibility for future economic stability. Within a highly competitive workforce a college degree can put a foot in the door to a job of a person’s choice. Statistics show that people who obtain a bachelor’s degree or higher get paid more than those who do not obtain one. Many question the worth of a college degree because of how expensive it is, though some say that the money spent is an investment on a person’s future. One can say that the worth of a college education is within the eye of the beholder. Many q...
A high school education is no longer sufficient to succeed in America’s increasingly complex economy. However, because of the high price point of a college education, far too many Americans are unable to afford education beyond high school. As shown in the graph below, the higher level of education received greatly increases the chances for employment and also dramatically increases the average salary potential of an individual.
According to The Principles of Economics by N. Gregory Mankiw, Harvard University, Thomson South Western publishing 2004, many studies have documented that the earnings gap between workers with high skills and workers with low skills has increased over the past two decades. A man with a college degree can earn up to 89% more than one without, for woman the figure is about 70%. The incentive to stay in school is as great today as it has ever been. Throughout the 70’s and 80’s students could graduate from high school with a promising future and many joined the labor force without attending college. Unfortunately as the market changes and the need for skilled labor increases, many adult workers are now faced with a decision. More and more high school students are moving on to college and the labor pool is becoming more skilled and competitive. Although years of experience can be used to combat this reality, many employers do not grant an interview unless a degree is present. If an individual becomes unemployed or would like to be considered for a promotion the percentage of success is rapidly decreasing.
First, college degree graduates have better opportunities in finding a high wage job. “Graduates enjoy increased opportunities for employment at higher rates of pay, providing them with the wherewithal to pay off debt, if they are wise stewards of that debt.” (Smith, 29) People with college degrees have higher chances of being successful in the future because employers would rather employ those who holds a college degree. However, although there are some people who did not attend college find jobs that can help satisfy and support their lives, they cannot compare the earnings of college graduates who holds a degree. My cousin, holding a Bachelor’s degree of Business Management, graduated 5 years ago from College. At first, College education can guarantee the success of her goals, but because of her persistence, she is now a successful businesswoman. She has now a full-time job that can support her family and has already built her own home. With this means, having a college degree helps a person not only achieve their own goals but also being independent. “Realistically, having a college degree will likely mean a com...
Figuring out if they should find jobs right out of high school or go to college first. Nevertheless, most people are sure that they want to have a better job. Not only one that will pay more, but one they are pleased with, and one that makes him/her happy. Today, practically 60 percent of all jobs in the United States require their employers to have a higher education. Jobs for individuals who only have a high school diploma are decreasing. A large majority of high school graduates work in some type of service industry. These individuals also work in low paying jobs with no position to advance. On the other hand, college graduates tend to have more skills that qualify them for a much larger range of employment opportunities. This makes it easier for them to move up in positions. According to Catherine Rampell, “there are more employed college graduates today than employed high school graduates and high school dropouts put together” (678). Thus, as the economy progresses over the years to come, college graduates will be better placed to find jobs that will offer a larger amount of pay. Therefore, earning a college degree will greatly enhance your marketability as a professional.
Not everyone has to have a diploma to prosper. And you would be right; Steve Jobs, Mark Zuckerberg, and Stacey Ferreira are just a few of the many successful people without a college degree. Consider this, the top 1 percent of wage earners in the U.S. earn almost $500,000 per year. The odds of anyone making it to the top are low, even with a college degree, but the odds are better than those with no college education. Of those with college degrees, roughly eight in 1,000 make it into the upper field of income earners. For those without a college degree, the odds drop as low as three out of 1,000. While that may seem unrealistic, on average people with a bachelor’s degree or higher earn about $20,000 more a year than those without a
By getting a college degree, it helps to ensure that you are qualified for the job that you would like. For example, Andrew Delbanco writes in his article that a college degree is a minimum qualification for entry into the skilled labor market (Delbanco 506). Also David Leonhardt, a writer for the New York Times, wrote that the pay gap between college graduates and everyone else is higher than ever before according to an analysis of Labor Department statistics (Leonhardt). In addition, many adults believe that college is very important. An example of this is the cartoon on the right which helps to illustrate the importance of a college education using a comical dialogue. Delbanco also writes about the fact that a college education helps to raise the salary of the job. He writes that college graduates make more money (Delbanco 506). He also writes that a college education will help to shape Americans into educated citizens and can help citizens to contribute to society. He talks about this when he writes “College education provides an educated citizenry…College graduates should be able to understand the ideas and practices of democratic education”(Delbanco 507). College education also helps to provide for citizenship. Delbanco explains this when he writes “College helps people to enjoy their lives and opens their senses and minds to different experiences”(Delbanco 508). He writes about how when he first introduced this he did not emphasize as deeply what this meant he said it “plainly and passionately”(Deblanco 508). College education prepares students for their future by creating an educated group of citizens for our roles in
After finishing college you can be ahead of your colleagues. Your qualification will determine your position in the company you work in, also will increase your anual salary. “College graduates earn more, and are more likely to have a job in the first place” (Rotherham 79). Unemployment is a serious issue in the U.S. This topic is brought countless amount of times. Unemployment rates for people with college degrees are far less than a person with only a high school diploma. Also the chances of someone getting laid off is also far less likely versus someone with a high school diploma. In the article “Why college isnt for everyone” by Richard Vedder the author mentions “A person who compares the annual earning of college and high school graduates would no doubt conclude that higher education is a good investment” (Vedder
Sometimes you will hear other people 's conversation and they are filled with talk of the declining value of getting a college education. The earnings from a four year degree are greater today than ever and almost
Having a college degree in today’s world is very important because more companies and businesses are requiring that anyone they hire has at least a two-year college degree, which is also known as an Associate 's degree. High school graduates and other people who have had thoughts about going to college should do so because it is getting harder for just a high school graduate to get a job, this is a result of hiring companies and businesses don’t want anyone without a college degree. Having a college degree will open more opportunities for the future. By doing so they further their lives and create a future that they want.
One of the many reasons why getting a college education is worth it is because there are more job opportunities. Most job now a days don't just require a high school diploma. A lot of employers are looking for people with degrees because they have more knowledge and will get the job done right. Between December 2007 and January 2010, jobs that required some one with a college degree grew by 187,000. Georgetown University calculated that by 2018 nearly 63% of jobs will require at least some college education. Finding a decent job is tough now a days, but having a college degree or at least some college education will make it a little easier. A degree may not necessarily guarantee a good high paying job, but the chances are a lot better with one (procon.org).
People with a college degree tend to make more money than those who didn’t attend college. This is because most of the jobs that have a higher earning require a college degree. People that only get their school diploma don’t make as much money as someone with a college degree. A study done suggest that people who have a college degree are more likely to get hired because they have an education compared to those who don’t. According to the United States Bureau people who achieved the current degrees earned the following median salaries. People with a doctorate degree earn $100,000 or more. With a bachelor’s degree people earn $58,000 and people with an associates earn $42,000 or more(Lucier). A High School diploma is not worth as much as a college degree. A High school diploma means less today because of the shaping of the world. People who only have a high school diploma earn only about $33,000. These numbers also depend on the type of field that you are going into. For example, people that have a bachelor’s degree in engineering or management will earn a little bit more (Lynn). They will earn more because these fields are really important. In my opinion the United States has been transformed
Moreover, she believes college prepared her for day-to-day challenges” (Hoover). This statement also proves that many are already aware that without further education a job may be out of reach. By wanting a better future, it motivates students to attend college. With a college degree many jobs offer benefits and better pay, increasing the
The ability to gain a degree in any field of study is highly important in American society, possessing skills and knowledge over your job emphasizes the significance of higher education. Especially, for job promotions that would cause someone to make more than their fellow colleagues. In our increasingly competitive economic society, having the minimal of a high school diploma is not enough to provide financial stability nor will it help to compete in a workforce in which the best-educated are the ones that are rewarded the most. Therefore, higher education is a crucial necessity in order to move up the socioeconomic ladder and qualify for higher paying jobs. The rising costs of college, however, is making it harder for Americans to obtain