The Weakness that is High College Tuition Opportunity is one of those intangible things that we are constantly reminded to pursue. Perhaps it can be viewed as an actual object or a path to follow. The fact is that no one truly knows what it can be, but we can all agree that an education has led many to a successful life filled with opportunities. However a high valued education comes at a price and it’s usually a high one, but most people are willing to pay this price no matter the cost. Higher education or college, is infamously known for having these high prices, and having such prices have numerous negative effects such as driving students into dangerous profession, driving valuable students away, and negatively affecting stability of finances …show more content…
College is necessary for numerous advantage and opportunities for those who seek a higher paying profession. In addition, those who achieve a college degree are more successful than those with only a high school diploma or GED. In fact, the article “On the Importance of Education” by Richard L Wobbekind, quotes that “Today, the average college graduate earns more than twice the amount of a non-college graduate” (2), further supporting the mentioned statement, as well as the importance of lowering tuition prices because by doing so more people increase the chances of ensuring a more successful …show more content…
Some of these believes could have some valid reason behind them, such as faculty expenses among others. In the article, "A National Dialogue: The Secretary of Education’s Commission on the Future of Higher Education” by Robert Dickenson he quotes: “all the costs that any enterprise has to recruit and retain staff, pay cost-of-living increases and keep up with rising health care expenses also are paid by colleges and universities as a part of doing business” (qtd. In Dickeson 1). Meaning that colleges are truly paying for the quality of their staff, and that is completely reasonable. However some of the more affordable, lower pricing colleges or community colleges offer the same educational content for reasonable costs. Thus making the expenses of some colleges for “higher” quality staff, to some extent unnecessary since in the long run could potentially drive possible students away through higher
” Higher education is the single-most important investment that Americans can make in their futures, increasing their future potential earnings and lowering their risk of unemployment. Despite these benefits, the cost of attaining this education has skyrocketed over the past few decades, putting college out of reach for too many low- and middle-income families.” If a degree is expected from many employers for most entry level jobs, it should become more affordable to attain one.
Most people in the world thinks that a degree is required almost everywhere. In today’s society it is often thought that if people do not go to college they will not succeed. In Owen and Sawhill’s article “Should Everyone Go To College?”the author respond to people who either go to college and actually earn a degree or people who do not go to college and are actually saving money. The major reason that college is not always the idea for students and their families is the cost. “The cost of college matters as well: the more someone has to pay to attend, the lower the net benefit of attending.” (Owen and Sawhill, 2013, p. 2 ). Although the authors mention the benefits of attending college, they argue that college is only beneficial under certain
Introduction: In the essay America’s Most Overrated Product: The Bachelor’s Degree by Marty Nemko argues that attending college does not benefit most students. Many of us grow up believing that going to college is the best option to get good jobs, even if we did not do so well in college. In this essay, we explore statistics presented by Nemko to get a better idea if college is worth the time and money spent on the benefits of having a diploma.
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
Based on Three Reasons College Still Matters, there are three main reasons why a college education is so important. From an economical standpoint, an education is most of the time needed to earn enough money to live comfortably. Attending and completing college provides a possibility for future economic stability. Within a highly competitive workforce a college degree can put a foot in the door to a job of a person’s choice. Statistics show that people who obtain a bachelor’s degree or higher get paid more than those who do not obtain one. Many question the worth of a college degree because of how expensive it is, though some say that the money spent is an investment on a person’s future. One can say that the worth of a college education is within the eye of the beholder. Many q...
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...
According to The Principles of Economics by N. Gregory Mankiw, Harvard University, Thomson South Western publishing 2004, many studies have documented that the earnings gap between workers with high skills and workers with low skills has increased over the past two decades. A man with a college degree can earn up to 89% more than one without, for woman the figure is about 70%. The incentive to stay in school is as great today as it has ever been. Throughout the 70’s and 80’s students could graduate from high school with a promising future and many joined the labor force without attending college. Unfortunately as the market changes and the need for skilled labor increases, many adult workers are now faced with a decision. More and more high school students are moving on to college and the labor pool is becoming more skilled and competitive. Although years of experience can be used to combat this reality, many employers do not grant an interview unless a degree is present. If an individual becomes unemployed or would like to be considered for a promotion the percentage of success is rapidly decreasing.
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...
A high school education is no longer sufficient to succeed in America’s increasingly complex economy. However, because of the high price point of a college education, far too many Americans are unable to afford education beyond high school. As shown in the graph below, the higher level of education received greatly increases the chances for employment and also dramatically increases the average salary potential of an individual.
Attending college has changed quite a lot throughout the years. When it first arose, it was only accessible to the wealthy, and it was unheard of for everyone else. Only a few decades ago a bachelor degree could almost guarantee a comfortable job, and it was another advantage to any resume. In our current times, many students struggle and are unable to go to college due to the rising price tag that is not showing any signs of slowing down. A college degree is what most employers look for now-a-days, making it more essential than ever before. Unfortunately, it is becoming increasingly difficult to attain one. College tuition and fees should be lowered because 1) student loan debt is crippling for college graduates, 2) lower tuition will increase the accessibility of education, and 3) regulated tuition would lead to a
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...
Education is one of the most important factors to any person’s success in their lifetime, but is higher education really worth it? The answer is found in the article “America’s Most Overrated Product: The Bachelor’s Degree.” Written by Marty Nemko who was most likely inspired to write this because of his experience as a career counselor. In this article Nemko addresses the parents of potential college students to inform them the truth about college’s being money hungry businesses. He brings fourth multiple examples of why bachelor degrees are overrated and how colleges are not being held to a high enough standard. Additionally, he argues that going to college isn’t even necessary for success, and that many of the skills needed to succeed in the workplace are already in the successful students not just taught at some college. The text as a whole reveals the ugly truth that colleges are more focused on making money than actually helping their students succeed and because of this fact parents should take action to protect their students from being harmed in the process.
As Menand argues his three theories of college, his third theory states that college is required in order to achieve a high paying job (Menand). Indeed, As you graduate from college, the assurance of acquiring a high paying job in the future increases. According to Stephanie Owen and Isabel Sawhill’s article, “Should Everyone Go To College?”, the gap within annual earnings between high school graduates and bachelor’s degree holders when it comes to working is $15,000. Hamilton’s Project research shows that people ranging from 23 to 25 year old with bachelor’s degrees acquire more money around $12,000 more than high school graduates but by age 50, the gap has grown to $46,500. From the statement, Menand’s third theory, college is required in order to achieve a high paying job, shows that college education can increase your chances of acquiring a high paying job. With Menand’s third theory and his wide stance to why we have college, Menand creates openings in his argument, leaving opposing arguments. One must take into account as well certain factors such as the cost of college that make college a choice in life rather than a requirement. Tuitions are increasing at a rapid rate compared to incomes of families in our society, which results to risks that could create risks towards the students and the whole system itself, further hindering learning progress
For many, a college education is the stepping stone to a better paying job which in turn provides economic freedom and greater personal satisfaction in their career. There is no question that a college education results in higher pay. Research is quite clear finding that “Millennial college graduates ages 25 to 31 who are working full time earn
The first reason why one may say that college tuition isn’t too much is because they aren’t paying for it. There are students who are attending colleges and institution on scholarships and grants. They don’t have to worry about the costs because the government has given them free money to go to school because of their academics, athletic abilities, or any other ability one may possess. The second reason why one may say that college tuition isn’t too much is because they went to college years ago when the costs of everything regarding school was cheap. As it was stated earlier, college tuition is increasing every year. When these people were in school tuition wasn’t really much of concern. In California as of 2015, the tuition cost for attending a California State University is over $6,000 and over $13,000 for the University of California school systems (Henshaw). 10-20 years ago college students didn’t have to worry about the high costs and it was more affordable to go to school. The final reason why someone may say that college tuition isn’t too much is because they didn’t choose to go to school at all. If you didn’t go to college you wouldn’t have to worry about school