The Importance of Higher Education Essay

The Importance of Higher Education Essay

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The world has advanced considerably through out the decades and the need for higher education has been on the rise. Education is treasured in all parts of the world especially in the United States. However, higher education costs have been rising dramatically throughout the years leaving people in the United States to wonder if higher education is really worth the cost or not. According to the IES National Center for Education Statistics the average cost of tuition in current dollars at all universities in the 1990-91 school year was $6,562, it nearly tripled to an average cost of $17,143 by the 2008-09 school year. [1] These statistics leave many questions in people’s minds and the biggest question is, if getting a diploma is actually worth the monetary struggle. When looking at the statistics it is very easy to answer “no” to this question especially since according to the IES, the average income of male bachelor’s degree recipients in 1995 was $49,300 while in 2009 it had only increased to $51,000. As for women, the average income was $39,400 in 1995 and only increased to $40,100 by 2009. [1] As the statistics demonstrate there hasn’t been much of an increase in the average paycheck, but there has definitely been a significant increase in the cost of higher education.
Jobs that only require a high school degree are rapidly disappearing, however the good news is that more college degree jobs are emerging and will continue to grow steadily throughout the years to come. The Georgetown study predicted that by 2018, 22 million new jobs would be created that require college degrees, but at least 3 million fewer people would earn college diplomas or bachelor degrees. [2] Students that achieve their degree will have more opportunitie...

... middle of paper ...

...entury that we are living in it is very important to be well educated not only to get a good job, but also because society now expects the younger generation to be educated. In the long run everyone will benefit from these intuitions and it will make the world a better place.

Works Cited

[1] Bumpus, Stacy. Is College Worth It Anymore? Why Higher Education Might Be the Newest Bubble. 7 September 2011. Stacy Bumpus. 4 December 2013 .
[3] Donius, Bill. Is Higer Education Worth the Cost? 4 June 2012. Bill Donius. 4 December 2013 .
[2] Ghose, Tia. Is College Worth the Money? 31 May 2013. Tia Ghose. 4 December 2013 .

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