If you are interested in going to college, this may be important information for you to read. College costs steadily increase and it would be beneficial to you to know how to cut college costs and get financial aid. College is important to get a better job and live with a smaller amount of financial struggle. The effects of the steady increase in the cost to go to college will probably draw people away from going to college. With higher costs there may be less people, more stress for people in college, and a possible financial struggle for anyone who pays the higher costs.
People with college degrees are paid 80% more than people with only a high school education. When the college degree is from a more prestigious school, that percentage increases even further (McArdle). Even President Barack Obama acknowledged this in a 2012 speech, saying that “The incomes of folks with a college degree are twice as high as those who don't have a high-school diploma” (Lemann). While a college education is a good investment for the long run, the cost of college is not a positive. The price of goods has risen due to inflation over the past decade, but during that time college increased drastically.
Between December 2007 and January 2010, jobs that required some one with a college degree grew by 187,000. Georgetown University calculated that by 2018 nearly 63% of jobs will require at least some college education. Finding a decent job is tough now a days, but having a college degree or at least some college education will make it a little easier. A degree may not necessarily guarantee a good high paying job, but the chances are a lot better with one (procon.org). Another reason behind why getting a college education is worth it is it will get you better work benefits.
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.
Web. 04 Dec. 2013. "What's the Price Tag for a College Education?" COLLEGEdata. NACAC, 2013.