Will an Additional Degree be Financially Worthwhile?
Jose attends a local community college where he is set to graduate with an Associate's degree in graphic design. He is contemplating whether or not to continue his education and get another degree, with the hope that an additional degree will permit him to get a job with a firm that designs websites for small businesses. This paper will examine whether it will be profitable for him to pursue the extra degree, or whether a better financial decision for him to immediately enter the workforce. In order to answer this question, one must look at the cost of the second degree, the amount of money he will need to borrow to get the second degree, how many hours he would need to work in order to avoid taking out a loan, and whether these additional expenses will be justified in order to pursue the additional degree. First, one must consider the actual costs for Jose to obtain his degree. Jose plans to take five courses during his first two semesters in the electronic commerce program and four during the third semester. The direct costs of the education will be $3618.00 (See Appendix A).
Jose would need to borrow $4,638.00 after paying living expenses and tuition (See Appendix B). He would need to work 22.18 hours per week or 1,508.22 total hours to avoid having to take out a loan (See Appendix C). These calculations make it clear that Jose is going to incur significant expenses if he pursues an additional degree and that
Many people believe that a college education is a worthy investment. The ability to become a college graduate will result in making more money. There are more jobs in today’s society that require college degrees. College graduates develop more and better employment opportunities within earning a degree. Self-discipline is a major element in becoming a successful graduate. Also, college graduates are healthier and live longer. Adults-young and old, male and female-who have a bachelor’s degree or higher have twice the annual median income than someone with only a high school degree ("Do college graduates," 2014).
Is college worth it? This one question turns into this debate high school seniors begin to think about before graduating. In our society you cannot really say no to college education because many make it known as a necessity to be successful in life. Many of our parents have raised us to know that college is a must go and that there are no failures. However some may think different. A lot of people may think that not setting a foot in a university or community college does not make them successful and that they will do just fine without a degree towards a career. We all know once someone graduates they are not always guaranteed a successful life with well-paid career and awesome benefits for you and your family. There are different views from both sides of this debate.
Have you ever just stopped to think about what it must be like to be “qualified” for a job yet be unemployed and homeless? Starving on the streets because you paid everything you had to an institution that was supposed to guarantee a better life, a more stable and successful career. Obviously this is an extreme case, not everyone who pays for college ends up living on the streets and broke, but almost every college graduate is in debt. For as long as college has been around it has always meant a better life, it’s always been that people who went to college were more successful, smarter, and would make way more money than someone who didn’t go to college ever would. Lately, however, college has become so expensive that going to college will more than likely leave you in debt working for years upon years just to pay back what you owe and then start making money for yourself.
Throughout the USA college tuition has increased drastically; in the last five years Georgia colleges have had 75% increase along with other states such as Arizona whose tuition has increased by 77% (NPR). Since 2006 the tuition in Utah has increased by 62.8% and is rising throughout the U.S. (Desert News). Between 1885-2016 the price of college has increased between 2.1% to 4.3% per year beyond inflation (CollegeBoard). Through calculations, that equates to about a hundred precent increase since 1885. It’s no secret that college tuition has skyrocketed, increasing student debt and leaving prospective students to ask “Is College Worth It?” college education is beneficial in that it teaches students valuable life lessons in responsibility, prepares students to enter the workforce and can be relatively inexpensive. The eduction is “college education” is worth every penny but America has created clichés to define the college experience which are expensive and unnecessary. In a radical new world a college education is required in many high paying jobs, which leads to the question “Is the experience of college all it is built up to be?” Through recent research, many articles and news mention about the value of higher education seem to only take account of is the financial aspect. A college education is worth what one makes it and is an investment in a future and in one’s self. The purpose of college the education is to be prepared to go into a the workforce having gained the
In recent discussions of “Is College Worth It?” By John Green, a controversial issue has been whether, people should attend college or get a job after they finish high school. On the one hand, some argue that people can get a monthly income better than if they have a degree. From this perspective, some people they do not want to attend college. On the other hand, however, others insist that people should attend college after they finish high school. In the words of John Green, one of this view’s proponents, “after graduating from college, I actually made $1 per hour less when I started working as an assistant at Booklist Magazine, but the job was better in every way” (video). According to this view, he was working at Stake and Shake and he was getting better salary than what he got after graduate by 1$ less but money is not everything in life. Then he proved to the audiences through his experience that he was more comfortable with working as assistant at Booklist Magazine even he is making less money. Because he got a better job, got the knowledge, and work on something that he like. In sum, then, the issue is whether to attend college or work without a degree. My own view is that attending college is worth it even if it will cost some sacrifices of things that we can get it in the future. After, all, I have chosen to identify as a college student at Winona State University. Though I concede that choosing the university and working to
In recent discussions of Is College Worth It? By John Green, a controversial issue has been whether, people should attend college or get a job after they finish high school. On the one hand, some argue that people can get a monthly income better than if they have a degree. From this perspective, some people they do not want to attend college. On the other hand, however, others insist that people should attend college after they finish high school. In the words of John Green, one of this view’s proponents, “after graduating from college, I actually made $1 per hour less when I started working as an assistant at Booklist Magazine, but the job was better in every way” (video). According to this view, he was working at Stake and Shake and he was getting better salary than what he got after graduate by 1$ less but money is not everything in life. Then he proved to the audiences through his experience that he was more comfortable with working as assistant at Booklist Magazine even he is making less money. Because he got a better job, got the knowledge, and work on something that he like. In sum, then, the issue is whether to attend college or work without a degree. My own view is that attending college is worth it even if it will cost some sacrifices of things that we can get it in the future. After, all, I have chosen to identify as a college student at Winona State University. Though I concede that choosing the university and working to enroll and pay the
Getting a “good” job is not straightforward as it used to be. In past generations, someone in an entry-level position could work their way up the ladder simply through hard work and determination; whether or not one had credentials or a diploma mattered very little. This is not the case today. Higher education is now critical to obtaining a better job because the demand for skilled labor is rising. For this reason, the value that a degree offers is higher than that of one’s actual intelligence or merit. Furthermore, workers without college degrees will quickly be outpaced in position and salary by degree
Many people are confused on why to invest time and money of attending college. A reason for obtaining a higher education is that a college degree can possibly earn a much higher salary than the majority of the people who have a high school diploma. College can be expensive and time consuming for the most of the people that do not have enough money and spare time to go to college. Stephen Rose, a research professor at the Georgetown University, wrote an article on “The Value of a College Degree” to explain if a college degree can be valuable to people to have. Eleni Karageorge, an author on the United States Department of Labor, wrote an article “Is A College Degree Still Worth It?” to give some details on job occupations that compares with employees having a bachelor’s degree or a high school diploma on how much they annually make on their job. Finally, Paul E. Barton, a consultant and a writer for topics related on education, wrote an article “How Many College Graduates Does the U.S. Labor Force Really Need?” on giving details on how valuable to have a college degree in the near future are needed when certain occupations are on high demand with a requirement on having a least a bachelor’s degree. We need to know why going to college is so important for anyone who wants to have professional occupations.
Throughout this research paper we will be discussing whether or not college is worth it. In addition to that some alternative to going to college such as trade school, starting at community college first, and working while going to school to help put off some of the expense. Also we will be weighing the pros and the cons on attending college. As you continue to read you will learn the benefits that college has to offer for those who choose that path. In addition to that you will be given alternatives to college and the benefits that comes from not attending university. In conclusion we are not going to make a definite decision on is college worth it because college means different things to different people. Rather than sway you to one
Blumenstyk additionally states that research opportunities provided for the alumni are sometimes done in haste and no effort, hence lessening the quality of the experience for the alumni as Busteed said.
School supplies can add up really fast. In this online checklist created by a former college student there will be a list of multiple items needed in class or at home. School supplies really depend on what the student decides to major in. Some must have items consist of calculators, notebooks, recorders, pens/pencils, laptops, paper and that’s only a few items. a rough estimate of the total for some basic items is about $1,100 dollars. Depending on the class the total may be higher. Now this doesn’t include any fees or books the professor is going to have for the class. the professor may have their own books for the class or maybe a different book than what the student was told to buy or maybe a different book for different parts of the year. The courses themselves cost money as well. Roughly $250 for 30 credit hours if you’re in state. out of state can get to around $650 depending on what college is chosen and how far out of state the student is.There are also tuition fees which range from $7,500 for in state and $19,000 for out of state and again some
Dominic also understands he must apply for financial aid (FAFSA) every year to be determined eligible for MRS tuition assistance. Costs indicated in the description section are estimates and do not
Higher education costs can be astronomical and limiting to the desire of many people to advance in their fields of study and research areas. However, there exists various avenues through which learners can get assistance to accomplish their study goals. These include application for scholarships, grant and proposal writing and even acquiring student loans to finance their studies. There are various factors that one should consider before applying for the above mentioned alternatives and these include the attached costs, the deadlines for applications and most importantly, the eligibility for application. Once these
Another statistics presented by Collegeboard shows that "In 2010 11, about 57% of public four year college students graduated with debt. They had borrowed an average of $23,800 (in 2011 dollars)" (Student Loan Debt Statistics). $23,800 is not a small amount to much of the middle class today, and unless graduating with a bachelor's degree increases the chances for employment, it's simply not worth it. In fact, a 2012 study from Georgetown University's Center on Education and the Workforce titled "Hard Times: Not All College Majors are Created Equal," shows that "Unemployment figures show the jobless rate for recent college graduates with bachelor's degrees has been running at an unacceptable 8.9 percent" (Loose). An average of $23,800 in loans to support a 4 year college attendance plus an unemployment rate that is above national average, " considering the national unemployment rate in March 2012 was 8.2 percent, according to the U.S. Department of Labor." (Loose) just points to the undeniable fact that joining the work force serves as a better alternative for students today. Students attending work force will have a solid advantage over college attendees by not only able to avoid the high cost for college tuition, but also developing practical skills that benefits their work experience.
In present day, it is expected that after high school students continue their education to college. Therefore, it is no surprise to say that most students follow the pedigree, making a bachelor’s degree dilute to the value of a high school diploma. Yes, it is great that you obtained a bachelor’s degree, but it doesn’t differentiate you from the other hundred people who apply for the job position. Now, advanced degrees like masters and doctorates are what count. Not only does it [bachelor’s degree] not give you a better chance at an entry-level job, but also, the majority of college graduates are swimming in a pool of debt. So in the end, after all those years of studying, the dollars in debt and the chance of not even getting a job in