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Purpose of college education
Advantages of higher education
Importance of college education
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The 21st century is a time of progress, with technology and financial security becoming increasingly integral to our lives. In addition, people also need more money to support a progressively larger global economy. The increase in population and manual labor jobs are becoming less relevant with the rise of technology. As a result, people need to work in more specialized fields in order to help humanity progress further and help sustain the economy. But, how do people work towards finding jobs in these specialized fields, and where can people find the skills they need to make this world a better place? A college education allows both the economy and progression of technology to co-exist for most people. Higher-level education becomes more …show more content…
It is a well-known fact that 4-year college graduates, on average, earn better salaries than high school graduates and those with associate’s degrees. According to the Federal Reserve of New York, a bank that plays an important role in the national economy, there is a $30,000 difference between the annual wages of a 4-year college graduate and a high school graduate. Life after graduation is easier for college graduates in regards to economic stability, because of their increased earning. Furthermore, the Federal Reserve also states there is a $20,000 difference between a college graduate and a person with an associate’s degree.(Do the Benefits of College Still Outweigh the Costs?, Page 2). We can see the importance of having a full bachelor’s degree than an associate degree because of the surprising disparity between the average wages. More evidence from the Federal Reserve of New York shows that four-year college graduates receive better lifetime returns, meaning their wages increase at a constant rate without sudden drops in their salary. The pay of college graduates increases by 30% over 25 years of their career, whereas an associate’s graduate only increases by 15% in the same amount of time. This demonstrates that four-year college graduates also have increased pay and more financial security as their life and situations change, …show more content…
According to MyCollegeGuide.org, Molly Goldberg, a student at Florida State University, says, “I like to review my class material every day for about an hour just so all the information stays fresh and I’m not lost the next time I have to sit in the lecture hall. I’ve had to become very self-motivated in order to do well in my classes and have had to give up quite a few fun activities to secure good grades.” We can see that college life teaches students how to manage their time with many activities and the need set their priorities straight in order to be successful. Tyler Schaub, a student at the University of Iowa, talks about studying and working until 2 a.m. in the morning. He says, “Professors sometimes think that they are the only class giving homework. Sometimes I’ll have two exams, problems and a paper due in a two-day period!” Tyler’s account of college life demonstrates students have to learn to burn the midnight oil and schedule their tasks in order to meet their deadlines and therefore, be successful. All in all, college teaches students important life skills, such as time management and meeting
Thousands of people end up enrolling in college after they graduate from high school. Most of them want to further their education so they can make something out of themselves. It is a common idea among many, that college will end up increasing one’s average income. In the article, The College Payoff Illusion, by Edwin S. Rubenstein, he wrote that “In 1997, college graduates earned an average of $40,508 versus just $23,970 for non-college graduates”. The statistic shows that graduates are making more but does it have more to do with their college degree or their personality?
Cook provides data from the Federal Reserve bank in St. Louis. Where Senior economist Guillaume Vanderbroucke calculated the percentage differences between lifetime incomes for workers with different levels of education. From the data it shows that a person with a college education earns at least 37 percent more over their lifetimes than those that do not have an education. The article goes on to point out that college educated students are able to deal with economic crises than those that are not college educated. Cook finishes by pointing out that the cost of education is has doubled in 2013-2013 since
Unemployment is on the rise and, 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). With just an associate's degree, the chance of being unemployed plummets 2.4% compared to those compared to little college, proving when the higher of a degree is obtained, the lower
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
...the work, personal, and social life context, can promote or impede their learning” (247). This statement is true because if these activities continue to impede the learning of a student then he or she will get stressed out, which could result in the student dropping all his or her college classes. If the student could just sit back and analyze the situation, life would be easier. For example, the student could reduce the number of classes he or she takes every semester. Reducing the amount of classes could result in more time spending with family rather than doing homework. When thinking of a person whose life is filled with frustrating duties and activities remember a nontraditional college students’ schedule of completing activities of school, working long hours, completing personal activities, and trying to spend free time with family and friends all in one day.
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...
Many Americans today tend to believe that a college education is valuable financially, yet some others strongly oppose this, since they look at the college education as being both time and money consuming. A person who successfully completes a college education may obtain one or all of the following; an associate’s degree after two years, a bachelor’s degree, master’s degree or a PhD. The institutions that provide the college education can be public or private. Whereas a college education might be seen as being very expensive, it actually increases people’s chances of getting higher paying jobs, instills knowledge into them, and raises their enjoyment levels.
Due to the fact that a majority of people want a good amount of income, they choose to go to college. Majority of people choose to go to college so that they are able to receive a better salary and afford more possessions. Going to college will help you receive a better wage and a better job compared to those that only graduate from high school. College graduates are estimated to earn far more money over the course of a lifetime than compared to high school graduates (“President’s Perspective: Why go to College?”). This means that people who go to college are estimated to earn more money in one life time than that of someone who only graduated from high school. It is not always certain that going to college will get you a better salary but many statistics show that going to college can help. One of these statistics is the starting salaries of college graduates compared to those of a high school graduate. The starting salaries of college graduates are better than that of people who only graduated from high school. Starting salaries of college graduates are also steadily increasing over time. The overall average starting salary for a U.S. class of 2013 college graduates stands at $45,327, an increase of 2.4 percent over the report...
Most people know that having a college degree could get you a higher paycheck. However, what people do not know is how much of a difference that degree could get you. Through a study of more than 6 million employees, it was found that people with a four-year degree make about $215,000 more than people without a degree. In addition, people with a graduate degree can make about $440,000 more over a period of twenty years, according to The Ladders (2013, September 7 p. 1). Three quarters of the highest paying industries, eighty percent professionals hold at least a four-year degree. (The Ladders 2013, September 3 p. 2).
College education goes about the way to an effective future for people who are not kidding with it. Currently, a college education has turned in the base necessity in securing a job in different companies and although some people might think college is not worth the debt, in a long run it actually is.
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 ...
Students today are often over-scheduled to the point where they are too stressed out to enjoy the experience of life. Having a full calendar can lead to behavioral changes in students as well mostly due to overscheduling. Students often live in such a fast-paced lifestyle that they become impulsive, impatient, and self-entitled. Parents are frequently found to be the reason for most of their children’s busy schedules. Parents often want the most for their children and end up giving them a busy schedule like their own, so they too can be successful later in life.
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...
Everyone has daily burdens and responsibilities that they would prefer to avoid rather than begin. For college students that burden becomes anything relating to college academics, from homework assignments, to essays due next week, or projects. However, by delaying the time necessary to complete an assignment or to write a well and comprehensible essay. Students are putting their physical well being at risk.
Schedules are a difficult thing to balance. A person must find the time to complete a number of tasks in a day. A normal adult may have time to get everything done and still have time to spare. The normal college student on the other hand is constantly on the go. College students have busy schedules that include working, studying, and socializing.