Many people believe that a college education is a worthy investment. The ability to become a college graduate will result in making more money. There are more jobs in today’s society that require college degrees. College graduates develop more and better employment opportunities within earning a degree. Self-discipline is a major element in becoming a successful graduate. Also, college graduates are healthier and live longer. Adults-young and old, male and female-who have a bachelor’s degree or higher have twice the annual median income than someone with only a high school degree ("Do college graduates," 2014).
Mean Annual Earnings of Population Age 18 and Over, 2008:
("Do college graduates," 2014)
The increasing income divide between graduates and non-graduates will probably worsen our country's already weak levels of social mobility. Research from Dynarsky-Bailey tells us that the percentage of low-income kids who complete college is 9 percent, while the percentage of high-income kids who do so is 54 percent. The divide in college completion among middle class
Conflicting Viewpoints Essay 3
groups moves up proportionately as well. Because parental income is such a strong factor in whether a kid enters and completes college, the growing divergence of income detailed in the above chart will likely just intensify class entrenchment. Graduates will make more and more money, boosting their kid’s chances of being a graduate, while non-graduates will make less and less money, boosting their kid’s chances of being non-graduates (Bruenig, 2013).
Students should not view a college education just for the money sake. A student should learn to the best of his or her knowledge. In today’s society, there ...
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...ge education is worth before deciding to attend. A student should take on his or her responsibility for achieving an education to help pursue more advanced career opportunities.
References
Bruenig, M. (2013, September 26). Since 1991, only college graduates have seen their incomes rise.. Retrieved from http://www.demos.org
Do college graduates really make more?. (2014). Retrieved from http://www.military.com
McHugh, K. (2014, February 27). Housing market recovery hamstrung by buyer's crippling student loan debt . Retrieved from http://dailycaller.com
Thurman, B. (2013, May 16). You don't have to go to college to succeed. really?. Retrieved from http://dowser.com
Tilsley, A. (2013, January 10). A degree still helps. Retrieved from http://www.insidehighered.com
Vohwinkle, J. (2014). The college credit crisis. Retrieved from http://financialplan.about.com
Martin and Lehren’s article “A Generation Hounded by the Soaring Cost of College” addresses the issue faced by current and former college students dealing with large amounts of debt due to student loans. The article presents the reader with stories of former college students who have either graduated or dropped out, and their struggle to pay off their student loans. The article also talks about issues such as students not being informed about high amounts of student loans and why student debts have increased. Martin and Lehren also make the issue of student debt more intimidating by giving examples of high amounts of student loans students have had. The article gives a very hard reality check to anyone reading as to how bad the problem of student debt is.
Hence, a college education is not needed to obtain success. Menand’s ideology on reconstructing education to better fit a variety of people while simultaneously stating that college is not essential to succeed. This essay provides a great amount of information to not only convey his message, but to persuade his reader to follow his ideology on college. While Delbanco only states three reasons as to why a college education is needed. Though many Americans seem to follow a similar trend of attending a higher education after graduating from secondary there are many examples of successful people who never went to college. Both passages displayed that whether one decides to go to college or not, they must first decide what they wish to do in life.
The argument about if college is worth it or not has been one of the biggest arguments throughout the media for decades. Students suffer a lot from the debts that they get from college and also the amount of studying that they do in college and when they graduate they ask themselves “is graduation from college really worth all the money that we paid and all the work that we have done?”
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 article, of the extreme student debt crisis, written by James B Steele and Lance Williams, is a disturbing truth fact. The student loan industry is not there to help the students get ahead. Its only goal is to line the pockets of private investors, banks and the federal government.
... a family can spend more than 50% of their annual income on college. There is always community college. 75% of students who enroll in community college hope to one day transfer to a four year college. Only 17% of those people actually do though. Some of those people have dropped out. Low income students drop out to take care of children or family, say the commute is too much, or are struggling to balance still having a job and school. And colleges that are shown to enroll more low income students, often have limited resources and only offer certain majors. There is a chain reaction of those who have gone to college and those who have not. College degrees represent higher income and a higher social class rank. However college is not easy and there are many more obstacles low income students face as compared to high income students.
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).
A college degree is one of the best educations that a person can get. It not only develops your mind, but it helps to develop you as a person as well. No matter what kind of degree you receive, whether it be a bachelors, associates, or masters you are more likely to get a better job than without it or with just a high school diploma. Workers with a college degree will earn much more and are much less likely to be unemployed than those with only a high school diploma. This paper will argue that with a college degree you are more likely to get a higher paying job than without a degree. I will support this argument with multiple scholarly articles and other valid sources to further convince you.
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...
...order to get better jobs and earn more money, to get to the good life, yet influenced by what colleges want them to learn and what employers want them to know: these all may or may not be the same thing. What employers want out of college graduates is also based on money: who can do the job the fastest and best, who can save or make money for the business. What is clear is that the university or college which is purely a "meeting of the minds," a place for people to gather and learn for the sake of learning, seems to be becoming a thing of the past. It is being replaced by an increasingly commercialized system of higher education: one that costs more and more each year--with the cost rising much faster than the rate of household incomes, and one that is being altered by the needs of an increasingly diverse student population and the needs of the business world.
...ggled with high debt burdens that adversely impedes their lives. Also, it will threaten to the affordability and success of higher education in the US. I believe that through my research paper in can prompt American college students to make wise and informed decision on financing higher education. Moreover, it will make the education policymakers aware that the rising education debt has a serious implication for college access and affordability, prompting them to decrease total student loan debt amounts by holding down college tuition and increasing the federal student aids.
I’ve routinely seen estimates that two-thirds of students take out loans for college. The New York Times, however, conducted an analysis that concluded that 94% of students who earn a bachelor’s degree borrow. That’s up from just 45% in 1993.Only 7% of students at public colleges and universities graduate without borrowing while only 5% of grads at private schools can pull off this feat. The average debt is $23,300, but 10% of students borrow more than $54,000 and 3% borrow more than $100,000” (O'Shaughnessy 1). This number is increasingly high compared to what many people think. People do not realize how much money is actually borrowed in order to complete
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.
Will Free Tuition Increase the Number of College Graduates? Issue Brief.” Manhattan Institute for Policy Research, eric.ed.gov/?id=ED570474. 31 Aug. 2016. Evans, Pete. “Wage Gap between High School Grads and Degree Holders Narrows.”
Rose (2004) estimated that “27 percent of the nation’s working families are low income”. Even though the percentage is small, those people in the 27th percentile could have children that they are about to send off to college.... ... middle of paper ... ... Shea (2003) wrote that “College officials argue that higher education must be viewed like health care: Unless you want to go back to the days before antibiotics and registration by hand in the gym, you have to get used to it getting more expensive every year”.