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Essay on benefits of a college education
The benefits of college education
The benefits of college education
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Everyone Should go to college. In this century an education is indispensable and mandatory to be successful and have also a better life with a great opportunity, have a College degree or college education became really important base on the new system educative, back then everyone could start a career right after high school without no degree. Currently students are in really complex transition from high school to college. Those students just graduated from high school, or are just about to, and are debating whether or not college is right choice. While many people feel that college has many advantages and is the obvious choice after graduation, there are some disadvantages to attending as well. However in my opinion should everyone have a According to this article “College Degree Remains a Good Investment but Debt Is an Issue” edited by (Noël Merino.) “While average returns on a college education are significant, a college education is not a guarantee of a high-paying job. Although workers with a bachelor 's degree are far more likely to have greater earnings, a fraction have earnings levels more common among those with only a high school diploma” but the study show anybody who has a higher level of education always have a great option of opportunity such as health, pension benefits from their employers and also they have control of their life style. On the opposite side where is issue is debt. The cost of have a degree it seem to be a mortgage to me but in different perspective.”The growth in enrollment has contributed to a rapid rise in the student loan debt balance, which stood at $1.1 trillion in early 2014 compared to $250 billion in 2003. In fact, student loan debt is second only to mortgage among all categories of household debt. Rising tuition and fees have also driven some of this trend, with an 87 percent increase at public four-year colleges from 1999-2000 to 2012-2013.” (Noël Merino.) and also state to this articles "Why Is College Tuition Rising?” written by (Weston, Liz Pulliam) “The problem with this explanation for rising costs is that it 's always been true. For the past century, worker productivity in most Another thing some student and parent need to be really carefully on is the variation by field of study and career student involve during education.Based on this article "A College Degree Is Not a Smart Investment for Everyone." written by (Owen, Stephanie, and Isabel Sawhill.) “The highest paid major is engineering, followed by computers and math. The lowest paid major, with barely half the lifetime earnings of engineering majors, is education, followed by the arts and psychology. The highest-earning occupation category is architecture and engineering, with computers, math, and management in second place.” which is mean student have to know the really meaning of they major in order to pursue a great career in their
As McArdle points out, the cost for a college education has gone up over the years, leaving students in debt. I agree with this statement, because a college education was more affordable years ago and now it has doubled it’s cost. According to the article, McArdle states “The average price of all goods and services has risen about 50 percent. But the price of a college
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,
You don’t need a college degree to have a good paying job. Not attending college affects ones literacy of financial awareness, their ability to receive a job, and their ability to carry our responsibilities.
Individuals are struggling nowadays to acquire an education higher than a high school diploma. One of the main reasons for this issue could be very well the price it is to attend college. The prices have skyrocketed throughout the years. A lot of the people who attend college have to take out a “student loan,” just so they can get by. I believe one should not need to be in serious debt before they even graduate, all because they want to go out and further their education, and become successful in their life. College is a popular topic for most and Sanford J. Ungar and Charles Murray has a unique way of explaining both their opinions.
Mark Kantrowitz indicates in his article, Why the Student Loan Crisis Is Even Worse Than People Think, that “Student loan debt is increasing because government grants and support for postsecondary education have failed to keep pace with increases in college costs”(Why 1). This means that the government no longer covers for college tuition fees. College graduates are 20% more likely to work at a job that is outside of their major by the debt they are in. Kantrowitz also mentions that “students who borrow to attend college, it appears that more than a quarter (27.2%) of them are graduating with excessive debt” (Why 1). In reality, leads to student saying that the financial cost was worthless, ending up with a job that is especially not what they went to school
Everyone knows that going to college and getting a degree is the most effective and guaranteed route to ensure a prosperous financial future, right? College is considered by most to be the best investment you can make in life, but what happens when that investment leaves you drowning in thousands of dollars in debt right after graduation day. This is the situation that millions of college graduates are faced with in 2016. Rising college tuition perpetuates student debt and is on a sharp incline and it seems to have no ambition of ever slowing down. The effect of this catastrophe is felt by millions of families across the country who now question, “is college really worth it?”
Going to college and furthering someone’s future career is a very important part of life.. Making the choice of going to college or not going to college could affect someone for the rest of their life, If a student decides to go to college after high school they will be in debt for many years after they graduate college. “Over the past decade, tuition and fees have risen much faster than inflation and outpaced the cost of housing and health care” (Blumenstyk). Blumenstyk is showing how outrageous the cost of college tuition has become. Whether it is for a University or a Community college either one. Most people spend their whole lives being in debt just because of buying a house and now they will have the burden of paying off their college tuition as well. They may keep getting a bill in the mail that most of them will hate looking at, and also putting down that much money each month for their payment. While college does create the opportunity of increased pay and better jobs, it should not mean students are required to pay all the money they earn back the college. At that point people may as well not go to a
The debt associated with higher education is one of the biggest factors of deterrence for most people who are interested in college, and it is not at all surprising. 71 % of college seniors who graduated last year had student loan debt, and the average debt for a college student with a four-year degree is $29,400.This number has gone up an average of 6 % each year. Keep in mind that this is just the average debt, and there are students who are in debt upwards of $30,000 dollars (projectonstudentdebt.org). Now in order to understand why the debt is so high it is best to break down the different costs of higher education. The first and most important of which is tuition.
Right now in our society a college education is no longer an option or privilege, but rather a necessity. We are practically raised and conditioned to believe that one needs higher education in order to succeed in life. There is a saying that says "if you think education is expensive, try ignorance." But as technology is constantly advancing and computers are running almost anything, is a college education really necessary? There are people whom have never set foot in a college and are doing better than people who have their master's degree. There are views from both sides that contain a valid argument.
and tuition plays a major role in students’ decision for attending college. Students according to a 2008 national survey of roughly 1800 students who qualified to attend college 1000 students of those 1800 did not attend college at all. The main reason claimed by 80 percent of the “non-college-goers” was due to lack of money, more especially not enough grant aid. Although a student was well qualified to attend college having no financial aid made their choice to attend impossible. On the other hand, students who couldn’t receive enough grant aid sought other alternatives to go into college like getting loans. Depending on the amount of years one chooses to attend college it can rack up to an unbelievable amount. According to Edvisors, a financial aid website, “The class of 2015 graduated with $35,051 in student debt on average.” Imagine that! It’s no wonder that the students who didn’t receive enough grant aid chose not to attend college. It was because they did not want to accumulate a debt that in most cases they would have to pay throughout their lives, claiming that tuition cost is too much for
How does the rising cost of college tuition affect us? Every year thousands of students attend a college or university, usually of their choice, with the goal of achieving a higher education and to better their future. The cost of attending college is too high and it needs to go down; there needs to be more scholarship and grant opportunities. The high cost of attending college is a major reason that students aren’t able to achieve higher education; others take this as a challenge and it is motivation for them to work harder to achieve their goal. One might ask why would someone want to spend money to receive more education and miss out on more years of work that they could’ve performed? For many, it is so they can receive more salary for the jobs that they will have later in life, also so that they can get training for their wanted career. The cost of attending college is high and continues to rise without indications of decreasing. The rising cost has many benefits such as earning more pay, but it also has its disadvantages such as the debt that is accumulated from student loans. Not everyone can afford to drop down thousands of dollars and attend school for a few more years. Students who wish to receive a post-secondary education must decide whether it is the right choice for them depending on their financial standpoint, meaning that they must decide if they have the resources to further their education.
For many years, college wasn’t necessarily essential for all people. But as times change and education advances, it is getting harder and harder to make a living without a college degree. So does this mean that teenagers should want to and be expected to attend college?
In “Should Everyone Go to College?” there are multiple figures depicting the return of investment on different Bachelor’s degrees. Among the lowest ROIs include the majors of liberal arts, literature, and the arts (215). These are majors which on average, don’t pan out well for those who invest in them. As we often forget, college is an investment in a future career, and so there are certain majors which just aren’t good ones to make. Other majors, such as engineering, computers, math, science, and business, are fantastic investments based on the work-life earnings on different careers pertaining to these majors. These are the ones which are the best ones to invest money in if someone’s looking for a college route, and if they are having trouble finding a way to pay for it, they should consider looking to methods such as doing some time in the military, applying for scholarships, or going to a community college, in order to help them achieve their
Even state schools now cost students nearly $19,000 per year on average, a more than 100 percent increase over the last 25 years. While wages have stagnated, college tuition has continued to climb, growing at a faster rate than both inflation and median income levels. That's put college increasingly out of reach for many families, who have turned to personal savings and student loans to make up the difference, sending student debt levels to a record $1.2 trillion last year—and putting their own retirement savings in jeopardy. If you think that's enough there’s more, College is like a black hole it’s just going to soak up more and more and more money, and that's what personally don't understand, is how much effort and money do we really need to put? I don't know when it will stop but this Article should explain more disadvantages about college. Research from the National Center for Higher Education Management Systems, a nonprofit education think tank in Boulder, Colo., reveals that the average four-year college only graduates 55.5 percent of its students within six years. It says it takes away 6 years of our lives to graduate!!! Not just that but think about what we will do after maybe 20 or 30 more years of living then you're dead, the fact that the beginning is so harsh with money that after you graduate it might soak up your life. Yet again college is ¾ not worth it for the time being unless someone changes that,
College is a very important thing. If you go to college you will most likely get better pay in your career. Also, with a college degree, you have more opportunities. I believe that everyone should go to college. If you don’t go to college and just go into some job and that fails then you have no backup plan. A college graduate is more likely to be offered employment than another who didn’t attend college, if you have a college degree you will make more money in your lifetime than someone who doesn’t have a degree, if you are considering having children having a college degree is very beneficial to them, you have a higher chance of having better health yourself, college is very beneficial, and if you go to college you will have a better social