Point Of Going To College Essay

675 Words3 Pages

What’s the Point of Going to College? People go to college mainly for financial benefits, but there are other things to benefit from as well. There are lifestyle, financial, and even health coverage benefits gained by earning a college degree. A college education has more value than just a high-paying job. First off, one of the main reasons that people go to college is for the financial benefits. According to a study done by the U.S. Bureau of Labor Statistics (BLS), workers with a bachelor’s degree earned about $415 more a week than those whose highest level of education was a high school diploma. The unemployment rate for those with a bachelor’s was around half of what it was for the workers with only a GED. Workers with a professional degree earned $612 more a week than those with a bachelor’s and $1,000 more per week than those who had a GED as their highest level of education. At 2.4%, the unemployment rate for workers with a professional degree was the lowest of any education level. According to another study done by the BLS in 2010, the median weekly earnings for someone with no degree, but some college were $712, compared to $1,038 for a college graduate. In 2010, the unemployment rate was 9.2% for those with …show more content…

Studies have shown that going to college can lower your rate of obesity. College graduates are a lot more likely to be insured by health care companies. Studies have shown that college graduates are more likely to receive employer-provided benefits than those without a college degree. A 2008 report by College Board showed that roughly 70% of individuals with a four-year degree received health insurance from their employer, while less than 50% of employees with a GED received the same benefit. College grads are typically able to find jobs with better benefits. They can also get better retirement matching, health saving accounts, tuition reimbursement, and free