Benefits Of Going To College And Getting A Bachelor Degree

The higher a degree one has the more money they make. As one’s degree goes up, as does their earning gap. “...individuals with a four-year college degree earned about 43% more on average than those with only a high school degree...” (FRBSF Economic letter). The more education you have the more money you make. If you have only a high school diploma then you will make significantly less. College is an investment and it pays itself back the farther you get in the working world. “...the difference between earnings continues such that the average college graduate earns over $800,000 more than the average high school graduate by retirement age...” It also drastically lowers the rate of unemployment, ” (FRBSF Economic letter). You are earning close to a million dollars more than you would otherwise with a degree. Making money is key in survival, this day and age. The more money, the more power, and success in the business world.

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).

According to David Leonhardt, a writer for the New York Times, full-time workers with a bachelor’s degree made 40 percent more than those with only a high-school diploma” (Source D) but in 2011 the “gap reached 83 percent” (Source D). Even in a job that does not require a degree those who have them “make significantly more with a degree than without one.” (Source D). These stats prove that despite the fact that a college education is expensive the amount an individual makes is significantly increased by having a degree. This boost in pay allows an individual to feel secure in their financial situation as it is unlikely they will be living paycheck to paycheck of ever have to work multiple

David Leonhardt in his article “Is College Really Worth It? Clearly New Data Say” goes over the biggest negatives of college that deter students and even returning adults from receiving a higher education and earning a degree. He talks about the struggles of finding work after college and the accumulated student debt. Daivd Leonhardt points out that “Americans with four-year college degrees made 98% more an hour on average in 2013 than people without a degree.” (Leonhardt). Which shows that as much as college costs, you get that back multiple times over after graduation and after you are employed. The stress and struggles that undergraduates face such as deciding a major, the issue of time commitment and large financial sacrifices are worth

In the article, “Should Everyone Go to College?” (2014) Stephanie Owen and Isabel Sawhill discuss how much money it is to go to college. The average upfront cost of four years of college is $102,000 and private schools have a lifetime earnings premium of over $620,000. They explain that among young high school graduates and bachelor’s degree holders, working full-time would be $15,000; 23-25 year-olds with a bachelor’s degree make $12,000 more than high school graduates. Premiums associated with a college degree grow over a lifetime. By age 50 the gap has grown to $46,500 and the total premium for a bachelor’s degree is $570,000, and $17,000 for an associate’s degree. Financial aid has a big role in helping students go to

As it is heavily believed and statistically proved by Document A, Earnings and Unemployment Rates Based on Educational Attainments (2015), the higher the degree earned, the more money attained, similarly the higher the degree earned, the lower the unemployment rate. This proves the worth of college by giving numerical comparisons of those who invested in it verses those who didn’t. The median weekly earnings of $1,730 from someone with a professional degree put up against the $678 from someone who only graduated from high school shows a very obvious difference. This information greatly supports the decision of going to college by displaying the “in the long run” advantage of college through the amount of money you can make in the future with the degree you earn

There is a big difference between having a college degree and a high school diploma. To be exact, there is about a $400 per week difference in what is earned between those who only have a high school diploma and those who have bachelor’s degree. There also is a major substantial difference in unemployment. With a high school diploma, you are looking to earn $1.2 million, but those with a bachelor’s degree can look to see an increase which is $2.1 million. Also, people with a master’s degree look to get around $2.5 million over a lifetime. These are all reasons why college is important to intend. The only thing in the way costs of tuition for most people. If we helped lower the cost with some revenue from the NCAA and colleges that receive extra than it could help create more opportunities for people in

According to the article “Why A College Degree Is Still Worth It Even Though It Cost Too Much” by Liz Weston a survey has shown, “57% say that college students receive only a fair (42%) or poor (15%) return for the money they and their families spend on their education. Just 5% of the public says college students receive excellent value for their money, and 35% say colleges provide good value.” Some people believe attending a four year college will create a less challenging and a more successful life for themselves and their family. Conversely, a four-year college degree is not necessary to obtain a quality job, some believe a four year college education is not worth it. There are many other quality jobs that don’t require a degree.

That doesn’t mean it’s always in someone’s best interest to go to college. “By telling all young people that they should go to college no matter what, we are actually doing them a disservice,” wrote Stephanie Owen and Isabel Sawhill in “Should Everyone Go to College?” (Downey N. pag.). You should always consider your intended occupation. A degree doesn’t always promise to make you more money than if you only had a high school education. Recognizing tuition cost is out pacing inflation, you have to make sure your degree is worth the time, money, and effort you’re about to put into it. ‘’With fast-rising tuitions and stagnant wages, fewer of us are immune from borrowing to pay for our university education. And delaying or forgoing college while we save is a difficult option: according to the Center for American Progress, weekly earnings for workers with a bachelor’s degree were $1,066 in 2012, compared to $652 for workers with a high school diploma. Those without a degree are nearly twice as likely to be unemployed. For many, going to college, then, is simultaneously a rational economic choice and an economic disaster’’ (Clark N. pag.). Often if a four-year degree isn’t right for someone they might try a different, cheaper route such as; training certification, a trade school, or online courses (Downey N.

The typical college education is worth the cost. Following a degree, graduates earn more money over an hourly and weekly span than one with only a high school diploma. According to David Leonhardt, managing editor of analytical journalism at the New York Times and author of the article, “Is college Worth It? Clearly, New Data Say.” Americans with a four year college degree make 98% more an hour on average and that the true cost of college is negative $500,000, which makes going to college cheaper than not completing college courses. This leads readers to believe by going and completing college, you could potentially make more money per hour than your counterpart. Comparatively, College graduates can earn more over their lifetime, which improves

     It seems in the society we live in today, having a college degree is a necessity. Years ago it was the norm for people to just go right into a full time job after high school, if they even finished high school; they did this to support their families. In today’s society a person has a difficult time getting a decent job without a college degree. During an adults working life, bachelor degree graduates will earn about $2.1 million and a high school graduate can expect to earn an average of $1.2 million (Day and Newburger, 2002). This is quite a difference and it puts a college education in

College degree simply isn’t that valuable as it used to be; A B.A degree can’t guarantee you to have any job opportunity. In fact, the EPI finds that the unemployment and underemployed rates of young College graduates have risen sharply in the last few years, meaning that a lot of young B.A.s out there who has a College Degree but the job market is so bad that they still maintain unemployment. What’s more, more than fifth percent of the recent B.A.s were in low wage job that didn’t require a College degree. So graduates spend four years in a College and find out that they have the same competitiveness with high schoolers. For many people, a B.A. degree is the pathway to the Middle Class, but if the job market is that horrible, they need to

According to The Bureau of Labor Statistics (2010) “ the median weekly earnings for someone with some college but no degree were $712, compared to $1038 for a college graduate.” This shows that students who go to college and graduate comparatively get $326 more than someone without college experience. Going to college is the necessity and a journey in which we should all partake in and the benefits of going to college are great. College is valuable because students going to college get a better understanding of the world and things around them, it will also make them more independent and they will have an impressive chance for a better job that grants more money than jobs which do not need a college degree. Students who go to college end

In fact, over the past several decades, tuition rates have increased to about twice.The experts from BC that out-of-state schools charge an average of $11,990, while average in-state tuition for a public school is about $7,605 per year. Private schools average $27,293, all of these numbers including fees. (Davis, 2011) Obviously, many families can’t spend this tuition.Going to college and getting a degree does not necessarily guarantee you to get a job right after graduation. It is hard for graduates to find a good job since there is so much competition. Even if they do get a job, it does not usually make them feel satisfied. However, why we need to get a college degree because we will probably make more money. According to Simply Hired said that his average is $32,000 for those with a high school diploma apparently, but the average salary for a college high school is $46,000. College can be expensive，while people get a college degree who will be able to find a better job and to get a higher salary. In the world, many high-level jobs require at least an associates degree that means if you want to make a lot of money, you should get a college degree.While not every family can afford the expensive tuition, so some children have to give up to go to college. Had to For example, in China, the owner of the small shop who has not a high diploma, but a month salary of average 20,000 yuan， and he has spare time to do his favorite things.On the contrary, highly educated teacher average 10,000 yuan a month's wages. The main idea of the example is that the diploma can’t decide your salary. I emphasize it is not necessary to get a college degree to be successful because it is not

As ironically one of the reasons to go to college is also money. The reason that people say not to go to school is the cost. As Michael Price of The Huffington Post says in his article “7 Reasons Why You Shouldn’t Go and 4 Things To Do Instead” (Price). Price goes on to note “the average cost of college tuition and fees per year ranges from $8,893 - $30,094. This doesn’t take into account room and board which… ranges from $9,500 - $10,830/year. Sum it up and a 4-year college education could cost you $80,000 - $160,000” (Price). So take the median number of eighty thousand dollars and one hundred and sixty thousand dollars which equals one hundred and twenty thousand dollars total. That number can be paid off in less than six years. Take the before mentioned salary numbers of high school graduates and college graduates with a four year bachelor’s degree. As high school graduates make a median wage of thirty-three thousand eight hundred and fifty-two dollars compared to a college graduate at fifty-seven thousand six hundred and sixteen dollars. These numbers show a difference of twenty-three thousand seven hundred and sixty-four dollars. So if a college graduate takes the difference of what they would be making without a degree and what they would be making with a degree for six years after graduation they would have a total of one hundred forty two thousand five hundred and eighty four dollars. This would more than