College Education Is Worth Pursuing Essay

College Education Is Worth Pursuing Essay

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Some people would agree a college education is worth pursuing; it expands one’s mind through the power of education and allows oneself to find their unique place in a world of conformity. Also with a college degree, a person will make more money than someone with just a high school diploma. “On average, a college graduate with a bachelor’s degree earned $30,000 more per year than a high school graduate, or about $500,000 more over a lifetime, as of Apr. 2013. [8] Earning an associate 's degree (a 2-year degree) was worth about $170,000 more than a high school diploma over a lifetime in 2011. [9] The median income for families headed by a bachelor 's degree holder was $100,096 in 2011—more than double than that for a family headed by a high school graduate. [10] The median increase in earnings for completing the freshman year of college was 11% and the senior year was 16% in 2007. [11] 85% of Forbes ' 2012 America 's 400 Richest People list were college grads.” Some will also argue that college is a waste of time and money and provides no real work experience, as opposed to actually getting out into the real world and working in a technical field, making quick money. However, most can agree that paying for tuition is costly and is a burden to many people, as well. Most students are forced to opt for student loans to pay for tuition, which then they’ll have to pay back the loans plus the high interest rates along with it.
Many jobs, especially high paying ones, are demanding at least a bachelor’s degree. According to Georgetown University, “By 2020, 65 percent of all jobs in the economy will require postsecondary education and training beyond high school”. This implies that further education, preferably a four year degree is necessa...


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...n. “According to a 2012 Federal Reserve Study, 30-year-olds who have never taken out a student loan are now more likely to own homes than those who have taken out loans. Auto loans are also trending down at faster rates for those with student debt history than for those without. [35] In 2013, student loan borrowers delayed retirement saving (41%), car purchases (40%), home purchases (29%), and marriage (15%). [38] Less than 50% of women and 30% of men had passed the "transition to adulthood" milestones by age 30 (finishing school, moving out of their parents ' homes, being financially independent, marrying, and having children); in 1960, 77% of women and 65% of men had completed these milestones by age 30.” Also the demand for roommates and cheap apartments is increasing. However, apartments are very expensive and some may not feel comfortable with having a roommate.

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