Cost Of College Pay Off Analysis

In this day and age, an increasing amount of employers are requiring a higher level of education in order to hire people. Having a degree allows adults to have multiple choices of when, where, and how they work. Because of this, college graduates have new and improved employment opportunities. In a recent study of young americans, 58% of college graduates and people with some college or associate's degree expressed being "very satisfied" with their jobs, compared to only 50% of high school graduates and a drastic 40% of people without a high school diploma. For many people, working at a job you are fond of is crucial for living a quality life. Having a degree aids in increasing the amount of choices when selecting a career path you will enjoy. Because of this, college graduates have lower poverty rates than ever before. The 2008 poverty rate for bachelor's degree holders was 4%,

Debt can make one’s life become a stressful thing. There is a constant worry the debt will continue to grow or dealing with the struggle of having to pay every last penny back plus more. Colleges are finding fewer reasons to lower prices and more reasons to raise prices. The college perspective is understood by many in this matter though. Colleges, as well as any other business, needs to make money also. The affordability of college is the second most important thing about a child’s college education, right below the actual education itself. “… the cost of college will remain unaffordable, tuition will continue to rise, and the 18-year-olds… will ‘get to’ continue paying for college with student loans” (college cost act does not…). Does it really pay off to go to college though?

A college degree is a valuable asset that could ultimately lead to a productive life in society due to the received education, but people without a college degree do turn out more than adequate in regards to societal success. According to the Bureau of Labor Statistics, of the forecasted 30 fastest growing jobs between 2010 and 2020, five do not require a high school diploma, nine require a high school diploma, four require an associate 's degree, six require a bachelor 's degree, and six require graduate degrees to get the jobs (College). In an article called “College Education” by ProCon.org,

Over the past decade, it has become evident to the students of the United States that in order to attain a well paying job they must seek a higher education. The higher education, usually a college or university, is practically required in order to succeed. To be able to attend these schools and receive a degree in a specific field it means money, and often a lot of it. For students, the need for a degree is strong, but the cost of going to college may stand in the way of a successful future. Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job

Recent high school students are debating whether to or not attend college, should consider the benefits of attaining a college degree. For many low or middle income students, this a route to gain opportunities to improve their economic circumstances. An article, “Pathways to Prosperity,” states in 2008, workers with bachelor's degree make about 65 percent higher than high school graduates and workers with associate's degree make about 73 percent more than high school dropouts.. This is evidence obtaining a college degree can be an opportunity to have earnings higher and significantly increase one's income.

Despite of whether going to college is worth it or not, recent college graduates have become more successful in their lives. Some people may think that attending college is a waste of time and money, while others feel that college gives them valuable skills in the real world. College will help the person gain the necessary work skills for his or her future job career. Moreover, the job that a person gets after college can outweigh the money and time the person spent in college. College graduates will be more favorable to have a better job than those who does not have a college degree. As our generation is rapidly changing, the work- force is getting tougher which means having a higher education is important in today’s world. Having a college degree is an obvious part of the candidate and is expected by the many employers. Nonetheless, going to college can also give students the opportunity network and develop personal connections among other students who are also interested in the career field.

Although college tuition is a lot nowadays, graduates are “far less likely to be unemployed than non-graduates.” (D) A college degree gives you a higher chance of getting a job to assist in securing the future of you and your family while also helping paying off your financial obligations. A college degree not only helps you obtain a job, but it also increase your income. “Construction workers,police officers… make significantly more with a degree…“(D)

In “The Great Debate: Is College Still Worth It?” author Ricardo Azziz endorses post-secondary education by stating its economic advantage in today’s society. The author begins his article by introducing a survey done by the American Association of State Colleges and Universities, which shows that the majority of college graduates believe college education is worth its cost. Not only are people convinced of the value of a college education, adults with a degree of some sort (bachelor’s degree or associate degree) tend to earn more than those without one. But also, post-secondary education gives people a better chance at achieving the “American Dream” through diligence and hard work. Azziz states that “college graduates were 5.3 times more likely to leave the bottom quintile than non-college graduates”. In addition, in times of an economic downturn, individuals with a college degree are often able to better cope with the difficulty than those without. However, amidst the benefits of college, Azziz does not forget to address the reality that attending college is still, without a question, an expensive endeavor.

Some people think that getting a college education is not really a good idea anymore. According to Abel and Deitz, “In recent years, students have been paying more to attend college and earning less upon graduation—trends that have led many observers to question whether a college education remains a good investment” (2014, p. 1). If the student cannot find a job that pays a decent amount of money, after graduation why should the government ‘fund it?. College costs are rising each year. Future generations may not be able to go to college because tuition will be too high. But Abel and Deitz

Many high school students, and perhaps their parents, often wrestle with the question: Does a person with a college degree make more money than one with just a high school diploma? Can I earn more money with a college degree or by going straight to work after high school? Is it worthwhile to go to college? Research shows that yes, those who have a college education usually do make more than those with only a high school diploma do.

When one chooses to go to college, they are investing in their future career. Once a young adult leaves high school they have a choice to either go to college or to go into the workforce. When deciding which path they will take, they must look at both the benefits and disadvantages. The advantage to going straight into the workforce is being able to immediately start their profession of choice and do not have to pay off expensive college loans. The disadvantage to going straight into the workforce is the fact that in today’s job market, there are not many high-paying jobs that do not require a degree. However, the benefit of going to college is that careers that require a college degree are often high-paying and come with worker’s benefits. College affords the student to develop and master academic and social skills. Companies and employers are not willing to invest time and money into prospects without those skills or a formal education. The disadvantage to going to college is brought upon because college tuition has doubled in the past ten years, which makes college unaffordable without being overwhelmed by student loans for the rest of one’s life (Graff 179). The differences between these two paths make the decision to go to college one of the most influential decisions of an individual’s entire life. Each of these paths have their advantages and disadvantages, but in the long run, going to college is more beneficial than going straight into the workforce.

The authors also look at some statistics and see if it would be beneficial to go to college. To determine if college is right for a person, they should look at the increased earnings for every year the person is in college. Every additional year of school, the rate of return is roughly 10 percent. When looking at the percentage of wages between high school diplomas, bachelor’s

In the critique of the article “The College Payoff”, we will be examining the numerous aspects of this article and whether this article is deemed a good research article or not and the different research aspects used. “The College Payoff” focuses on how college degrees can pay off in the long run and lead to having earned more money over a lifetime than those who do not obtain higher degrees. They account for certain factors such as occupation, race and gender that can cause some variation in lifetime earnings apart from earning a college degree. In the end, they found from their research that you do have a higher education degree, you will on average make more over your lifetime.

Recent college graduates who are working full-time earn about $15,000 more annually than their peers, who have only a high school diploma. Jobs that only require a high school diploma or GED will not pay as much as the jobs requiring employees to have a bachelor or even higher, so graduating college with a degree is almost required in today’s society. Consequently, students are forced to choose the lesser of two evils: pay the great price to go to college with the possibility of suffering an enormous amount of student debt, or earn far less over a lifetime and undergo a greater likelihood of being unemployed for long periods, without the prospect of finding a reliable job. When looking at the two options, college still seems to always win because despite the recent struggles of college graduates, investing your time in a college degree may be more

Supporters of getting a college degree often point to the statistics that college graduates earn more than their high school educated peers over a lifetime. Statistics by the U.S. Census Bureau reports that since 1977, “Adults with bachelor's degrees in the late 1970s earned 55 percent more than adults who had not advanced beyond high school. That gap grew to 75 percent by 1990 -- and is now at 85 percent.” A gap of an 85% pay difference is a huge figure and a clear reason why college is a great option for some people. But there are problems with that figure because when the number of college graduates who are either unemployed or underemployed is taken into account it changes the value of the statistic. In an article by Businessweek’s Richard Vedder we get statistics to counter that argument. He tells of how the number of new college graduates far exceeds job growth in technical, managerial, and professional jobs where graduates traditionally have searched for employment. As a consequence, we have underemployed college graduates doing jobs historically performed by those with just a highschool education. He says we have “more than 100,000 janitors with