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Worth The Cost Of A College Education Essay

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High schoolers arranging their lives after graduation are faced with the uncertainty of whether they'll decide to attend a college or pursue another opportunity . Many are questioning colleges' significance in their own lives, and whether the cost is worth the benefits. Despite their concerns, college does have real value through financial advantages, its function as a social mobility tool, and the opportunities colleges procure for their students. College is not the perfect tool for everyone, but it's undoubtedly a beneficial choice for many.

Studies show the consistent financial benefits of a college education. You can distinctly see this in the data provided by the US Bureau of Labor Statistics, last updated March 15, 2016. The unemployment rates of having only a high school diploma is 5.4%, compared to having a professional degree where the unemployment rates are 1.5%. The educational attainment that had the lowest unemployment rate and the highest earning, $1,730 a week, was the professional degree. The average earnings of someone with a professional degree is $1,053 more a week than someone with only a high school diploma, who's median weekly earning is $678. That's $54,756 more a …show more content…

45% of adults without a college degree, whose parents are in the lowest income quintile, will also be in the lowest quantile. The statistics, however, are much different for those with a college diploma. 84% of adults with a college degree, whose parents are at the bottom, will have left that quantile. 41% of adults who have a college degree and have parents who are at the bottom will even make it to the top two-fifths! Low-income families benefit greatly from higher education. One concern, however, is that up to 40 percent of low-income students who are accepted to college in the spring do not attend their classes in the fall. This often is because of financial issues with the affordability of

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This goes to show even with the minimal of a bachelor's degree people have a better living than a person with only a High School diploma or a person without

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I believe that college is worth the cost if you are determine to succeed, if you don't want to be there you won't put your 100% into it. If you aren't going to put your best foot forward you shouldn’t waste your time or money. Considering that, if you want to go and put all your effort into your work and you want a career that you need a college degree for, it is definitely worth the cost. You should do what you feel is best for you and what you will succeed more in. In college you learn to be independent and you flourish.

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Every year new groups of aspiring students look forward to their college education. In that same group of highschool graduates, there are those who shy away from the thought of pursuing higher education. Many articles, speeches, or research papers regarding the topic of attending college or university focus mainly on one or two debates alone. While the question “is college worth it to me?” does seem like a yes or no question, there are many factors that play into the roll of if pursuing higher education is the right move for any given individual.

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Studying at university is an expensive investment. Tuition fees have a disincentive effect on the students who from the lower and middle-income families. As Bruenig states the statistice of the college students from the poor and rich families “ At age nineteen, only around 20 percent of children from the poorest 2 percent of families in the country attend college. For the richest 2 percent of families, the same number is around 90 percent. ” Also, most of those students want to achieve better lives so they attend the higher education.

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A rising issue in today’s society is deciding whether or not college is worth the cost. There is an extreme amount of pressure that is forced upon high school students by parents, teachers, and peers to further their education and attend college. However, there is research that challenges the thought that college is the best possible path for a person to take. College may be a great investment for some people, but it is not meant for everyone. This is supported by the arguments that colleges are expensive, jobs do not always require a college degree, and students are forced to choose a lifestyle before being exposed to the real world.

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However, society shows that income tends to get higher with each step of the educational level. In 2015, the average full income for people over the age of 25 with a high school diploma was $36,800, according to The College Board. As for workers with the same age and credentials, the earnings increased to $41,700 for those with an associate’s degree $61,400 for those with a bachelor’s degree, $75,200 for those with a master’s degree. These statements are not realistic because it depends on the field a person chooses or if the job market actually has a position open. My sister made only $33,000 with her bachelor’s degree at an entry level position.

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Almost every high-school senior is faced with making the decision that will impact the rest of their life--will you attend college? And if so, where? How do you figure out whether college is worth it or not? I think it all comes down to your end goal--what you want to do with your life. Every choice that is made has many factors that need to be considered.

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For example, the data analysis average income in 2009 shows that those with high school diplomas are making about $27,380 dollars and those without are making only $19,540 dollars. There is a $7,840 dollars difference. That much money could mean the elevation from poverty to some people in the U.S. High school dropouts have that much to lose. Another article, “Paul Morgan Talks with Missy Remiss on WSCH” says, “Those without a high school diploma have lower earnings.” This is another piece of evidence that clearly defines the financial situation of both high school dropouts and graduates.

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This hurdle to employee’s can also prove to make attending school difficult due to the fact that their pay rate may not be high due to their lack of education, making tuition unaffordable. This can lead to a barrier as some may not be able to keep striving for the degree the desire and need because they cannot afford it. According to U.S. Census Bureau a person with only a high school diploma makes on average $25,900 a year, with an Associate’s Degree the average is $33,000 Bachelor’s $45,400 (2). This shows the wide range of pay that one can receive at a job. Even if a degree is required for a position, being able to afford the books and tuition is a struggle that many students go

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Adults that do not graduate high school have a lower expected lifetime earning because higher paying jobs require a diploma. Due to receiving a lower income, high school dropouts will demand for

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Furthermore, college dropouts should also expect lower incomes. It is true that years of experience might give a push to any person who seeks a job, but a college degree has become a major requirement before the experience. Therefore, this would make a difference in the incomes these people gain. According to a slideshow published on prezi.com by Sueisy Membrila under the title of "College Dropouts", the 2012 US Bureau of Labor Statistics data states that "a college dropout earned about seven percent less than someone with an associate 's degree, and about 32 percent less than someone with a bachelor 's" ("College Dropouts", slide 18). As a result, a dropout student would be in a more complex situation in future years when a family and children become his or her dependents.

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Although a degree is not essential for those looking to work in the more hands on fields of work, such being a plumber or an electrician, degree holders can look to not only make more, but to also fulfill more brain satisfying tasks in more intellectual fields of work. Even with that in consideration, a degree can help those that work in fields where holding a degree is not commonplace. “Construction workers, police officers, retail salespeople and secretaries, among others, make significantly more with a degree than without one.” (Leonhardt)

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