College Tuition : The Debate Negotiation

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As college tuition continues to rise, the debate negotiation increases. Each year, students and parents dive into the college search process, comparing schools and costs, loans and scholarships, questioning, is a college degree worth the cost? Well, yes, it most definitely is. According to the Bureau of Labor Statistics, (in is college worth it? Americans see it as a good investment, Bankrate survey finds) “greater levels of education correspond to greater income” (Pound, A). Kinda like the more you spend, the more your gain. However, according to Daniel Lewis, “Student debt is a major factor in the devaluation of a college education. In Study conducted by economics at Georgetown University found out from 1973 to 20172015, the average …show more content…

An academic year at a private university averaged $47,831” (Lewis, D). According to “The Complete College America Alliance of States, the number of students graduating with a bachelor’s degree in four years ranges between 19% and 36%, depending on the university” (Lewis, D). The average graduate spends an extra half to a full year to graduate (4.4 to 4.9 years), adding to the base costs of attendance. As a consequence, the typical cost of an undergraduate degree is well over $100,000, not including the lost income for the extra years spent in school, or interest incurred in paying back loans. However, Just graduating from college is not enough to ensure a good job or a bright future, a class standing matters. A 2014 report from the Federal Reserve Bank of New York indicated that “those graduating in the lower 25% of their college class learn about the same or less than the typical worker with a high school degree” (Abel and Deitz, E). As a consequence, the authors noted that the cost of earning a bachelor’s degree isn’t worth it for some people. Fortunately, there are alternatives.
As of two years ago, which was 2016, college graduates earned an average of $1,341 more per week than those without a college degree. The Bureau of Labor Statistics also found that the unemployment rate of those with a bachelor’s degree is roughly half the rate of those without higher education experience. That rate drops to less than 2.5

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