As today’s struggling economy copes with unemployment, inflation, and low job expansion more and more people are entering the arena to higher education to make their way to the middle class. With this increasing surge in the market traditional public universities and colleges are approaching capacity and are becoming highly elitist in their way of acceptance for enrollment, also, many of these aspiring students are first generation college-goers from low-income families and don’t find appeal in the traditional “liberal arts” college experience, or are adults who are in dead end careers and want to get their dream job. These students are career driven and want a degree that focuses on the job they seek. To answer this niche in the market independent for-profit institutions, such as the University of Phoenix, have created pseudo “shortcut” degrees that they advertise will put students in the exact job they want before they even graduate, and have them on the fast track to success. With huge catalogues of degrees that all boast to be industry accredited, and to be attainable in two and a half years cause these institutions attract tens of thousands.
Many People wonder if it i important to have a college education. While some people think it is okay not to have one, others think it is a must. Most people think that “In today’s increasingly global, knowledge-based economy, education has never been more important” (Fact Sheet: Empowering States to Transform the Education Landscape). While college can help a person make more money, have increased opportunities, and find jobs with better benefits, it is also very expensive, time consuming, and risky. For most people college is important because a person who goes to college will potentially make more money.
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?
Going to college will help you receive a better wage and a better job compared to those that only graduate from high school. College graduates are estimated to earn far more money over the course of a lifetime than compared to high school graduates (“President’s Perspective: Why go to College?”). This means that people who go to college are estimated to earn more money in one life time than that of someone who only graduated from high school. It is not always certain that going to college will get you a better salary but many statistics show that going to college can help. One of these statistics is the starting salaries of college graduates compared to those of a high school graduate.
4, Fall2015, pp. 112-114. EBSCOhost, proxygsu-gwt1.galileo.usg.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=a9h&AN=109491373&site=eds-live&scope=site. Rothwell, Jonathan. "There Are Economic Benefits from Obtaining a College Degree."
If you get a descent job and you pay on our loans on time the interest rates wont be as bad. Now a pro to this con is when ... ... middle of paper ... ...t ways the bad. Ask yourself is making more money with a college degree worth the debt up to your eyeballs in student loans. Is going to college and making all the connections and networking skills, worth not going to school and being equally as successful and without as much debt. Lastly college is an amazing experience but what is it worth if you forget the main goal.
The amount of college graduate debt is rapidly increasing. Also, the little amount of jobs available because of the high unemployment rate, are having a harder time paying off debt. Even though the students can get loans and financial aid. Although some claim that higher education is still worth it, with higher unemployment rates and tuition is still increasing it makes it harder and harder to pay off. Most states are needing to make a cut in their budget.
Once college graduates enter the workforce, there are usually two sides to the whole income situation, it’s either: “you’re making the same amount of money as a person without a degree,” or, “you’re not going to get a job in your field of study because unemployment is too high.” Luckily, those are just common misconceptions--- yes, you’re probably making the same amount of money as a person without a degree but it definitely will not be for long, and no, just because there is an unemployment rate won’t mean you’re not going to get a job in your field of study. In fact, according to the Eco... ... middle of paper ... ...athan D. "The Real Value of a College Degree." Web log post. Patrol: A Review of Religion and the Modern World. N.p., 23 Feb. 2012.
In order to maintain a career with a high paying salary against the mass competition, deciding which type of education to pursue is a key factor. One of the most basic decisions a high school student ponders before choosing their ideal college is whether that college will be public or private. Some students are led to believe that private colleges are superior due to their expensive prices and Ivy League reputations. On the other hand, many students choose to enter public universities, concluding that financial aid would not be enough to get out of debt after graduation. Tuition is a significant factor to take into account when picking a college, but it is not the most important aspect of a college.