Education is one of the most important factors in the growth of our country. Specifically, higher education paves a successful future and provides a career opportunity for students. In the result of many Americans losing faith that four-year college degrees are worth, Americans debate over whether a college education is worth it for its cost and time. According to Zorthian (2017), “47% said college was not worth the cost due to student debt and because people do not necessarily graduate with job skills, while 49% said a degree was worth the cost because it could help people earn more money”. Despite all the opinions about going to college, college degrees are not worth their cost. The conclusion can be evidenced by the number of unemployed …show more content…
However, nowadays the majority students find themselves facing a debt and try to find ways to pay it back as possible as they can after graduated. The student loan debt today in America is skyrocketing due to the massive tuition growth over years. In an article of Education, Jackson (2015) studied that “The average annual increase in college tuition from 1980-2014 grew by nearly 260% compared to the nearly 120% increase in all consumer items”. Going to college and trying to get a degree puts every college student in a pool of debt. Berman (2016) indicated the following, “The total outstanding student loan debt in the U.S. is $1.2 trillion, that’s the second-highest level of consumer debt behind only mortgages. Most of that is loans held by the federal government”. The student debt crisis has become so huge that the government is searching for ways to make college more affordable for everybody who interests in higher education study. A story of Peter, a college graduate in Psychology major in San Diego have received many attentions from students because there are many cases like that happened. After graduating high school, Peter is convinced by a friends mother to pursue a degree …show more content…
College degrees are no longer a guarantee of a getting a job, no longer a guarantee of a better pay and information learned during college study is not always useful to actual work demands. In other words, a bachelor’s degree is not a piece of paper that says “You’re a success!”. Students don’t need to go to college to succeed. As everybody is trying to race for the same goal, there is no way of telling if an expected job is promised would happen at the end of the college experience. There are many well-paying jobs that don't require a college degree that start students off with very well paying. For examples, jobs like gaming managers with a median annual wage of $65,220, registered nurses with a median annual wage of $65,470, or dental hygienists with a median annual wage of
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.
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).
College allows the student to choose their own path in life and not just take any job they can get. For instance, I have always wanted to teach and I like the added perk of having the summers off. Obtaining a degree will ensure that you earn your maximum earning potential. On average a person that has their Bachelor degree earns about $15,000 a year more than high school graduates, while associate degree holders make about $7,000 a year more (Graff, They say / I say: the moves that matter in academic writing, 2014, pp. 208-225). However, over time the gap significantly widens to almost $50,000 a year, in favor of the college degree holder. Some might would argue that not all degrees are equal with some paying significantly less. I agree that the type of degree one receives directly impacts their salary, but the benefits of obtaining a degree are still valuable. In an article written by Terry Caron, his researched showed that unemployment rates significantly decreased the more education an individual received (Caron, "College Graduates vs. Non - College Graduates: Unemployment Statistics.")As Freeman Hrabowski mentions, “College graduates are much more likely to be employed than those with only a high school diploma and earn substantially higher salaries” (Graff, They say / I say: the moves that matter in academic writing, 2014, pp. 259-263).
Student loan debt makes up a large portion of the debt in this country today. Many defaulted loans are the demise of high interest rates, poor resources to students in educating them on other avenues and corruption in the governmental departments that oversee education and financing. There are many contributing factors that lead to the inability to pay off student loans which need government reform to protect the borrower’s best interests.
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...
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.
Imagine stepping into the halls of college, filled with dreams of a promising future, only to be met with the harsh reality of overwhelming student loan debt, as shared by individuals like Philip Rogers and Chloe Peterson. In recent decades, the landscape of higher education in the United States has undergone significant changes. The cost of college tuition has skyrocketed, far outpacing inflation rates. This trend has led to an unprecedented surge in student loan debt, with graduates facing substantial financial burdens upon completing their education. Additionally, job prospects and median salaries have not kept pace with the rising costs of education, exacerbating the challenges faced by recent graduates in repaying their loans and achieving financial stability.
In an article written by Andrew Lehren, the author provides the bold statement that “the only thing worse than graduating with lots of debt is not going to college at all” (Lehren). In today 's society, many families lack the funds to provide a full ride for their children in terms of college. Due to this fact, many people turn to alternate solutions such as loans or diving straight into the workforce instead of attending college at all. These solutions, however, may greatly affect a person throughout the course of their life. The problem of college debt is increasing rates in regards to tuition, however, fortunately there are various solutions accessible in order to decrease or eliminate the debt that many american students face.
When young adults complete high school they’re encouraged to enroll in a higher education program. With the constant talks of soaring tuition costs, in addition to the massive student loan debt, taking this step can be worrisome. Reyna Gobel, a journalist on financing college education and repaying student debt, states. “It’s easy to stop believing that a college education is worth it when the nation has over a trillion dollars in debt, but college graduates still earn more over a lifetime than those without a degree. Plus, they’re more employable.” More than three-quarters of all college graduates agree that higher education is indeed still worth the cost. Additional education in a field you’re passionate towards
Social Issues in College Education and the Student Debt Crisis. Hayley Engelman Central Methodist University SO101-OA: Intro Sociology Professor Barwick March 3, 2024. Introduction For many high school graduates, receiving a college degree is a huge step towards achieving success in the workforce, in the United States.
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.
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.
In that year, the number of college graduates was only 432,058 (Sourmaidis) and ever since the demand continually increased as did price. This trend allowed for the student loan crisis to occur, which is a problem we face today. As of 2016, American students have accrued a massive 1.3 trillion in student loan debt. Just 10 years ago, the nation’s balance was only $447 billion (Clements). This ever-present cumulative burden has caused many post graduate Americans to delay important life events such as marriage, homeownership and children because of this substantial encumbrance (Clements).
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