The Benefits of a College Degree in Today’s World Introduction With the cost of college continuing to rise and the unemployment rate amongst its graduates being higher than in previous decades, there remain positive advantages to pursuing higher education. Studies have shown that “individuals with a bachelor’s degree earn fifty percent more during their lifetime than individuals with no more than a high school diploma, and their unemployment rate is less than half as high” (Oreopoulos and Petronijevic 5). The following findings presented below will highlight some of the assets the average degree holder has. Two valuable benefits to completing a modern, continuing education program are the income prosperity and the tax benefits that help them …show more content…
Also, the financial help that can be awarded to tax-paying students or their families signifies that opportunities to lessen the financial burden of school are available to those who need them. With postsecondary school costs reaching as high as fifty thousand dollars a year, any financial aid is valuable; the American Opportunity Tax Credit and the Lifetime Learning Credit can both offset the price of school-related expenses (Galletta 48). From this data, it can be gathered that the cost of an institution should not be the sole factor considered when deciding to attend college. The entire experience and the possible opportunities from that experience should be accounted for along with the financial effects of pursuing an education. Conclusion To reemphasize, a college education can offer benefits such as a higher salary, tax credits and many more not discussed in these results. Those considering continuing their education should weigh the costs of the institution along with the possible returns for completing a degree program in their respective fields. While the economic landscape is not the same as it was decades prior, evidence has shown that the college-educated not only have higher salaries compared to those who are not, but they also amass more wealth over their lifetimes than those without degrees (Oreopoulos and Petronijevic