In the fall of my senior year, I am planning on applying to a variety of four year universities, but my absolute dream school would be Brown University. The school is located in Rhode Island and is considered to be a highly liberal university with a very flexible curriculum. I believe that the freedom and independence Brown offers would give me the chance to experience spiritual growth because I don’t necessarily know what I want to do in the future in regards to a career. However, I am aware that Brown is an Ivy League and that it is expensive. I come from a middle to lower class family and I know that without financial aid-there would be no possible way I could afford to attend the school of my dreams. After doing some research, I found …show more content…
I noticed that most of the jobs I found required heavy manual labor and I speculated that the reason they pay reasonably well is because they have the potential to be dangerous, extremely boring, or unappealing. In an article I found on Business Insider, it listed a variety of high paying jobs with a high school diploma so I decided to pick a few that I wouldn’t mind doing. According to the article, the average annual salary of these seventeen high-paying jobs was around $61,000. However, Commercial Pilots could make up to $73,280 per year, Farmers could make up to $69,300 per year and Postmasters could make $63,050 per year. This was not too bad of a salary.
Math Example:
(Cost of attending Brown) x 4 years= (50,700 x 4)= $202,800
(Annual Salary working as a Postmaster) x 4 years= (63,050 x 4)= $252,200
Total Cost of attending 4 years of college: ($202,800) + ($252,200)= $455,000
Job after attending college:
Business Analyst after graduating Brown University (First year)= $79,030/year
Assume the following:
I plan on getting a post-graduate degree: ($1,000 a month) x (12 months)= $12,000/year
If I were to get a job as a Business analyst with a post-graduate degree, I would be making $79,030/year but minus the cost of loans which is $12,000/year ($79,030 - $12,000) = $67,030 would be my annual salary
($79,030 college job)-($63,050 high school job)= $15,980 positive pay differential by attending college
($15,980) - ($12,000 yearly
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.
For example, when you have a college degree, you make more money hourly, weekly, and annually. According to the National Association of College and Employment, they have found that for the 10 board degree category ranking from engineering to communications, 2016 graduates are projected to have an average salary of $50,556. 5% from 2014 earned $48,127 and is gradually increasing while high school graduates only make $30,000 per year. This shows that people who attend college, get a better pay-day than high school graduates.
The engineering field has the highest paid major, whereas the education field has the lowest paid major. "According to Census's calculations, the lifetime earnings of an education or arts major working in the service sector are actually lower than the average lifetime earnings of a high school graduate" (Owen and Sawhill 216). That statistic should really be taken into consideration when determining whether or not college is "worth it" or not. Making less than a high school graduate, on top of the expenses from college would make college not "profitable". In contrast, a mechanical engineer is projected to make around thirty-five thousand more a year than one with only a high school diploma. Different majors can make different amounts of
“College graduates aged 25 to 32 who are working full time earn about $17,500 more annually than their peers who have only a high school diploma, according to the Pew Research Centre, a think-tank.”(Web) Most students that graduate college agree that college is a good investment despite the cost of university increasing and job salaries staying the same.
to be employed than non-graduates” (Leonhardt). Besides this information, few other documents, also show that people who have a college degree, “on average, makes 20,000 dollars more per year from those with only a high school diploma” (“Is College Worth It?”), and “have less chance to be unemployed” (Leonhardt). As a result, the people who are
According to The Hamilton Project, Brookings Institute from 2012 recorded a that a chemical engineer earns an average of 2.25 million dollars in their lifetime compared to a music major who earned an average of 0.75 million dollars in their lifetime. The more schooling someone attends the more pay received throughout their lifetime. Brookings Institute also recorded that the average lifetime earnings of all majors was 1.25 million dollars. This document shows that attending to college to earn a major will pay for itself in the end. The United States Bureau of Labor Statistics, Occupational Outlook Handbook, 2015 stated that there was an average of a 10% difference in growth between jobs requiring associate’s degrees and jobs only needing a highschool diploma. This 10% difference can cause a significant pay
According, to the chart “Mean Earning by Age, 2009” students graduated from high school with diploma were earning an estimated $27,000 to $30,000 annual income. Also, the income is sort of steady, it didn’t grow over the years. Secondly, people that have associated degree and some college were making an average $36,000 to 40,000 a year. Additionally, they are both kind of the same with the year salaries. Thirdly, people who had bachelor’s degree earned between $40,000 $60,000 a year with gradual growing their salaries. The salaries of People with master’s degree were starting in between $50,000 and it grows to $83,000; however, it decreased after 49 years. People with doctoral degree were earning an average of $10,000. Finally, people with
With just a high school diploma you can only go so far into your chosen career field. Most well paying jobs require more than a high school diploma anyways. On average, a college graduate with a bachelor's degree make $30,000 more per year than a high school graduate and about $500,000 in a lifetime (procon).Although, many people argue the total cost of going to college includes the missing opportunities to make money at a
A college graduate tends to earn more money compared to a high school graduate over his or her lifetime. Many jobs offered to those who did not go to college are typically minimum wage and labor intensive. These jobs tend to be more demanding and pay by the hour. Consider this, a typical job, as a cashier or something else a high school graduate can land, in Chicago pays $10 an hour. Assuming they work 40-50 hours a week, their net income for the year would be around $21,000-$26,000 before taxes. According to the United States Census Bureau, the average income of a college graduate with a bachelors is around $55,000 a year. That is almost 120% more than what a high school graduate would earn. Over a college graduates lifetime, they would earn approximately $2.3 million more compared to a non-college graduate. (USCB) To live an appropriate lifestyle in today’s society, a college degree is highly beneficial because of the substantial increase in earnings. The importance is not limited to money but attending college can also increase job opportunities.
Mena 5hundreds of thousands of dollars in a lifetime compared to those with only a high school diploma,which translates to 73% more earnings. (Value of a College Degree, 2). Figure 2 is a reflection ofthe average annual earnings for high school graduates, those with a bachelor’s degree, and agraduate degree. Evidently, those who completed a higher education earn more.Figure 2. Average Annual Earnings in 2010 by Occupation and Education. Oreopoulos,Philip, and Uros Petronijevic. ”Making College Worth It.” Future of Children, vol. 23, no. 1,2013, pp. 41-65. Eric.ed.gov, Institute of Education Sciences.In the graph of Figure 3, there is a comparison between the annual earnings of percentilestaken from a survey completed in 2011, which again demonstrates that individuals who onlycomplete their education up until high school earn
The careers asking for higher skills offer higher pay. There is a gap in the average high-school graduate earns a year compared to the average bachelor and the gap continues above the bachelor degree. The average high school graduate earns 30,000 a year where a bachelor degree averages 50,000 yet those higher are averaging 90,000 a year. The more money a person is wanting to make, the higher the degree that person should expect to achieve.
High school is supposed to be the place where you have fun and a time in your life you’re supposed to enjoy. Movies often trick you into believing that high school is an amazing time in your life and there is nothing but parties and fun. In Bring it on, they portrayed the fun and exciting part of high school cheer-leading, however they intentionally leave out the tough times high school students’ face in school and in their practices. In other popular movies, such as High School Musical the students have no pressures other than the next basketball game. In reality, this doesn 't happen. The constant pressure is affected by the grade level you are in. In high school, students can be classified based on the pressures that are faced in each grade level into the categories of freshman, sophomores/juniors, and seniors. I am here to help you make your high school experience less stressful.
As for the moneymaking, the first 5 years aren’t looking so great, but after that, on average, a college graduate with a bachelor’s degree earns $30,000 more per year than a high school graduate, or about $500,000 more over a lifetime. Actually, any type of education past high school will have you earning more, whether it’s some college, an associate’s or anything higher.
According to an article written by Beckie Supiano, “Over their careers, full-time, full-year workers whose highest degree is a bachelor 's make 74 percent more, on average, than those whose highest attainment is a high-school diploma, the authors found. When those with more than a bachelor 's degree are included, the premium for higher education rises to 84 percent.” (Supiano 2014) Agreeing with this statement is a similar claim in an article written by Michelle Arrouas, stating that “Among the key findings are that people aged 25-32 with a bachelor 's degree or more have a median annual income of $45,000 and lower unemployment (3.8%), while high school graduates only make $28,000 and 12.2% of them are unemployed. The study also showed that just
My freshman year things took a turn for the worse, but these obstacles made me who I am today. On June 13th, 2012 my parents got a divorce. My dad was an alcoholic, bipolar, and abusive. While he was in rehab, my mother and I were allowed to stay in his house while we saved up for a place of our own. During the summer, I babysat and once school started I cleaned houses. However, March came and my dad graduated rehab. The house was set to foreclose in thirty days and my mom and I found an apartment, but her income alone was not enough. I withdrew from school my freshman year in March after I got my cast off (I broke my tibia tumbling February 1st) and planned to complete my courses through E2020 in the summer so I could help my immediate problem. I never knew to ask if the courses were NCAA approved. I was lead to believe they were accredited because the school was offering it. During the rest of March, April, and May I worked various odd jobs, such as cleaning and teaching tumbling/gymnastics, to help bring in income. I began the E2020 classes on campus in June 2013 and worked an evening shift at the local Sonic.