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What Is College Worth It Essay

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“Is College Worth It?”
Many people argue especially today the same question over and over, ‘is college worth it?’ And the answer is yes. A four year degree pays nearly double than those without a degree, unemployment rates for people with a degree is less than most people think, and the wage gap between four year college graduates and high school graduates is increasing. Those who graduate college with a four year degree get paid on average nearly double compared to those with only a high school degree. According to a paper published by David Autor, the cost of college adds up to negative $500,000. This is double what it was three decades ago after adjusting for inflation. This information shows how much college education can pay off. “In 2016, the average income for people 25 years old and older with a high school diploma was $35,615, while the income for those with a bachelor’s degree was $65,482, and $92,525 for those with advanced degrees,” (ProConorg Headlines). People with just a bachelor’s degree earn on average 83% more than someone …show more content…

David Autor, an M.I.T. economist, explains that “we have too few college graduates, we also have too few people who are prepared for college.” This explains why the wage gap is gradually increasing because of the lack of people prepared for a degree. “Only 34% of American jobs require a high school diploma or less in 2017, compared to 72% in the 1970s,” “based on economy and job projections calculated by Georgetown University, in 2018, approximately 63% of jobs will require some college education or degree,” (ProConorg Headlines). More and more jobs require some sort of degree when there is not enough people getting them. “The average annual real rate of return on a college degree, after adjusting for opportunity costs, is 7 percent, so it exceeds the gap substantially,” (Rafiq Dossani, RAND

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If we apply this 10 percent rate to the median earnings of about $30,000 for a 25- to 34-year-old high school graduate working full time in 2010, this implies that a year of college increases earnings by $3,000, and four years increases them by $12,000. Notice that this amount is less than the raw differences in earnings between high school graduates and bachelor’s degree holders of $15,000 (Owen, 2013, p. 1). Anthony Carnevale and his colleagues at the Georgetown Center found that 14 percent of people with a high school diploma make at least as much as those with a bachelor’s degree, and 17 percent of people with a bachelor’s degree make more than those with a professional degree (Owen, 2013, p. 4). The expected earnings (median full- time earnings times the probability of being employed) of a young college graduate with a theater degree are about $6,000 more than the expected earnings of a young high school graduate. For a young person with a mechanical engineering degree, the expected earnings of the college graduate is a staggering $35,000 more than that of a typical high school graduate (Owen, 2013, p.

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Some students will be paying off student for the rest of their lives, or have as much debt as a small house. Steinberg argues that debt is not good for you and some students won’t graduate and be in debt without a degree. College graduates sometimes struggle to find work and feel overqualified for jobs they do accept. Leonhardt argues that college is an investment that pays off down the road, the "true cost of a college degree is about negative $500,000,” Leonhardt declares. The wage gap between those with a degree and without a degree continues to grow and was at its highest as of 2014.

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Although it is proven that college graduates make more money than early-career workers with high school diplomas, many jobs don’t need college degrees. “According to the Federal Reserve Bank of New York, 46 percent of recent college graduates were in jobs that don’t even require a college degree” (Why College Isn't (and Shouldn't Have to Be) For Everyone). Lots of young people would “rather be doing something else, like making money or painting murals”. So, the money and time spent on college are not worthwhile for a degree that is not vital to a

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Many jobs require a higher education level than a high school diploma. The downfall to college is the price. College tuition can easily cost thousands of dollars. The main concern for future college goers, is a question every student should be asking; is college really worth all the debt? The answer is absolutely, one hundred percent yes!

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To further show this gap the article “Is college worth it? By the Economist, shows how big it is as well. It states, “College graduates aged 25 to 32 who are working full time earn about $17,500 more annually than their peers who have only a high school diploma…” This is a huge difference in pay, and can easily start these graduates off on the right path to have great careers, and be financially

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Many are also working in jobs that do not require a degree. They spend all those years attaining a degree, only to work in the same field as a high school

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The cost of college is skyrocketing, but college students and families still believe it is great education option and amazing opportunity. “ College graduates say college was a good investment for them”-Time Magazine. The pay gap or difference has increased in past years and is still on the rise. “When comparing the average wage of college graduates to the average wage of those with only a high school diploma, a distinction was clear”-Kevin Short.

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First of all, college increases one’s annual income and salary. This is because higher paying jobs often require a college degree and only consider applicants who have one. According to the Bureau of labor statistics, workers with a Bachelor's degree earn a median of $1,326 a week meanwhile, workers with only a high school diploma earn an average of $668 a week. This proves that a college degree does make your wallet thicker and almost

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Living where we live, you begin to comprehend that living off of $11.00 per hour including with your family will never suffice your needs. Getting a college degree can ensure the graduate a higher chance of being able to earn more financially. In the article “Why College Isn't And Shouldn't Have to be For Everyone” by Robert Reich, he states that “A degree from a prestigious university can open doors to elite business schools and law schools-and to jobs paying hundreds of thousands, if not millions. ”Even though Reich’s article is on the opposing side of the argument, he fails to overlook the fact that in the long run having a college degree will, and can open doors to many new opportunities. One of those opportunities is to be able get a well paying job that can earn more than the average non college graduate.

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It can pay off tremendously. The risks and benefits to going to college. “The cost for a four year college education has increased much faster than the rate of inflation over the past few decades “. The cost of college has gone up dramatically.

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The average salary for a college graduate is $46,000 while it’s $32,000 for those people with only a high school diploma. High-level jobs normally required a degree other than the lower-level jobs. In Steve Jobs Commencement Speech at Stanford University (2005), he asserts “ Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition.

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Is College Worth The Time And money Many people go to college for many reasons the main one for most is to get a degree in something they think will give them better job opportunities which in return would allow them to have a better paying job then what they may have now. A lot of time ,effort and money go into college and so it’s understandable to think that once you’re done you’ll have a great job waiting for you . In a lot of cases it really doesn’t turn out that way, but either way college is well worth all the time and money someone puts into it.

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Is college really worth it? For the 66% of high school students who graduate and go on to college, they often find themselves asking this question in the midst of college’s stresses. They often embark on this journey believing that once they have a college degree that they will seem more marketable in the job force, and help them achieve the lifestyle they have dreamed of. As college stresses keep adding up, students often find themselves asking if it is all really worth it. If all of their hard work, and high amounts of debt will actually allow them to have their ideal lifestyle.

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In 2016, the average income for people 25 years old and older with a high school diploma was $35,615, while the income for those with a bachelor 's degree was $65,482, and $92,525 for those with advanced degrees. ”(Is a College Education).

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Hourly wages are dropping and “it will likely be many years before young college graduates-or any workers-see substantial wage growth” (Source C). Since wages have dropped it is becoming pointless to get a degree due to the amount of debt and stress caused. Even though, we need to learn, higher education is becoming a risky

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