According to 'New School Year, old story: Education Pays,' "Workers with a bachelor's degree, for example, earner about $415 more a week than workers who's highest level of education is a high school diploma." Many people today believe that college education is a waste of time and money and that it doesn't benefit nearly as much as it should. Said people don't realize the true benefits of this post secondary option and how advantageous it really is. College allows people to be more successful in their future by letting them make more money/find a job easier and making it easier to care for and provide for their families. By attending college, people will make more money and be more successful in finding a job as a working adult. As …show more content…
One thing they may argue is that college is a waste of precious money. "Why College Isn't For Everyone" reads, "But for many, attending college is unequivocally not the right decision on purely economic grounds," meaning that many people shouldn't attend due to price and that the cost now outweighs the benefit later. But, this is not as big of an issue as people make it out to be. "Is College Worth It? Clearly, New Data Say" states, "...the true cost of a college degree is about negative $500,000. That's right: Over the long run, college is cheaper than free." By calculating the cost of tuition subtracted from how much more college grads make than high school grads over a lifetime, it can be concluded that college pays for itself later in life. This passage also reads, "Among four-year college graduates who took out loans, average debt is about $25,000, a sum that is a tiny fraction of the economic benefits of college," further proving that the cost of college is not as big of an issue as people say it is for as long as people say it is. The amount of money made by college graduates over high school graduates eventually pays of the tuition it cost to get
Everything revolves around money and the economy. Hunter Rawling stated, “Most everyone now evaluates college in purely economic terms, thus reducing it to a commodity like a car or a house.” (Rawling, 2015, paragraph 3) I agree with the author with this quote because I personally think that college is reducing the commodity and also bringing it back up. College is not a commodity, economic value is not all there is to college. “If we were to treat college as a commodity, and an expensive one at that, we should at least grasp the essence of its economic nature.” (Rawling, 2015, paragraph 4) I like this quote because, everyone thinks of commodity as something good. But, really in reality it is not. It makes you think twice and not want to discuss things that are important. The most important thing for
These days, colleges are seemingly endless money pits. Did you know that in 1970 at a public university, tuition on average was only $2,710? Today, we could only dream of it being so low. Once you start looking at the actual average prices of attending a college or a university, you start to think it’s a joke with how expensive it is. It’s definitely no joke. The annual cost for undergraduate tuition, room and board is estimated to be $12,804 at public institutions and $32,184 at private institutions for the 2010 academic year, according to the U.S. Department of Education’s National Center for Education Statistics. That means that even a modest education—a bachelor’s degree from a public university or college—will cost at least $50,000. You can find cheaper colleges for example if you attended a community college, but many of those you cannot get more than a two year degree with. There are also colleges with pr...
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.
Studies have shown that college graduates on average earn more money in their lifetime than non-college graduates. But college grads who didn’t have scholarships spend years paying off student loan debts. Ronald D. Lankford, an editor and writer for the journal The Rising Cost of College, and Richard Vedder, a writer and economics professor at Ohio University, have written articles on their views of college costs and the reasons they think why it is so steep. Lankford, author of Introduction to the Rising Cost of College, explains why he thinks college costs are so high and how it affects people. Vedder, author of Pell Grants Raise the Cost of College and Cause Education Inequality, cites Pell Grants and financial aid as important factors in the rising cost of college. Although both authors offer strong arguments, I think Vedder presents the stronger argument because he has more credibility, being and economics professor.
As high school students begin to look into getting a higher education, certain factors determine what college they may look into: locations, academic profile, graduation rate, school size, and, to some the most important, the cost of the university. The cost of a university can play one of the biggest deciding factors in furthering one’s education. Many students do not have hundreds of thousands of dollars for college. There are many poor people in this world who want to attend college and earn a degree to support themselves and their family and be able to live a more comfortable life. Everyone should have the opportunity to go to college. Every year, college prices are increasing, causing it to be less affordable. This will discourage people
With a college education, one of the benefits college graduates earn is more money. College graduates have a much higher earning potential than individuals with no college education. A college education could actually earn you a million dollars over your lifetime. In the article it states, “On average, college graduates earn 1.5 time that of adults with high-school diplomas” (Andreas Schleicher). This demonstrates that by earning a college degree, you will earn a lot more money than people who stop their education at high school. As a college graduate, you earn far more over your working lifetime than non-college graduates. The more education you get, the more likely it is for you to always have a job. There are numerous other benefits associated with graduating from college. The benefits of going to college her in the U.S. are valuable than other countries. As a college student, the effects of a college degree will likely affect you and future generations. In the article it states, “While a degree is still a good investment in other countries, nowhere are the benefits quite as good as in the U.S” (Andreas Schleicher). This demonstrates that here in the U.S., there are plenty of benefits of having a college degree. With a college degree, you will have a higher lifetime earnings, you will have
There are so many students who would extremely grateful to attend any four year institution but can’t because of the lack of funds. College life can be very stressful, and the process can is very frustrating to most students the first two years. When the cost of college tuition is compared to the 21 century financial economy the cost does not make sense, because for a middle-class family it is impossible to afford sending their child to any four-year institution. It hard for students to graduate with the stress to pay-off hundreds and thousands of dollars in loans. Going to college is stressful enough without the need to worry about how we’re going to pay for it and what other costs will continue to rise with getting a degree afterwards. With the current increase of unemployment rate and the thought of going to college seems like a farfetched goal. Many people choice not to attend a four year institution, because they did receive a scholarship or enough government funding. Having a college background is very important for professional growth, it will eventually limit career opportunities. My stand point is, you may not leave college doing the same thing you began with but the life experience is endless. College experience not only gives knowledge that builds you into a better person by giving a broader erosion. With the cost of tuition increasing will hurt our generation, by causing physical and mental stress but in the end it will all pay off. Not all colleges are for the blame; some of the blame is our economy and other factors play a big roll. As students we need to be aware of all our resources offered, such as Pell Grants, and government scholarships. For example, the some states will pay for a student’s college if they graduate high school with a GPA of 3.5 or higher. There are many states that are willing to pay for all or some of college tuition only if students are willing to use
College can lead to satisfaction in life that may benefit you in the long run; however, the price to attend an institute of higher learning can be quite expensive. Going to college could be an advantage, helping you to potentially get a job, but it could leave students in debt and without a plan to pay off their student loans once studies are complete. Everyone should have a chance to increase their education; however, higher tuition costs can decimate someone’s possibility of achieving the dream of graduating from an institution of higher learning. The cost of going to college needs to be lower in order to make higher education accessible to everyone, provide greater career opportunities to more people, and lessen the amount of debt students
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...
The first reason why one may say that college tuition isn’t too much is because they aren’t paying for it. There are students who are attending colleges and institution on scholarships and grants. They don’t have to worry about the costs because the government has given them free money to go to school because of their academics, athletic abilities, or any other ability one may possess. The second reason why one may say that college tuition isn’t too much is because they went to college years ago when the costs of everything regarding school was cheap. As it was stated earlier, college tuition is increasing every year. When these people were in school tuition wasn’t really much of concern. In California as of 2015, the tuition cost for attending a California State University is over $6,000 and over $13,000 for the University of California school systems (Henshaw). 10-20 years ago college students didn’t have to worry about the high costs and it was more affordable to go to school. The final reason why someone may say that college tuition isn’t too much is because they didn’t choose to go to school at all. If you didn’t go to college you wouldn’t have to worry about school
A college education costs a lot these days, but is a huge investment. The amount of money that the average college graduate earns is much greater than the money that the average high school graduate earns. Over the decades, the education pay gap between the educated, and the ...
Those who think a college education is not worth it believe that college can become a setback in life due to the thousands of dollars that college students are spending on tuition and books. Students who attend college will not have the money to purchase a home, spend money on family, vacations, or any other costly items and bills. On the other hand, most college students end up paying for their college loans all of their life or go into debt. They will never have money to rely on since their credit cards will be racking up interest for college loans that need to be paid off. As stated by Paul Taylor in Michelle Adam’s report, the cost of a college education has been at a record level and the cost of tuition and fees has more than tripled which is causing a rise in student debt (58). With rising prices, the economy is making it more difficult for people to afford a college education.
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...