Is College Still A Good Investment?

For years adults have been questioning whether or not college is worth its cost. Over time the price for college has increased drastically and the potential income of a college graduate is barely following that trend. As colleges become more wealthy and powerful, they’re too pricy for someone to afford without help and debt.

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

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.

The U.S. is home to some of the greatest colleges and universities in the world. But with an overwhelming 1.3 million students graduating with an average student loan debt of $29,000 each and with youth unemployment elevated, the question of whether or not college tuition is worth the money arises (The Institute for College Access & Success, 2013). Higher education faces intimidating challenges: continually rising costs, access and completion problems, constant changing of technology, and responsibility pressures from state and federal officials. But no challenge is more intimidating than the fundamental question that many Americans face to ask themselves, "Is college worth the cost?" As a result of the economic turn down, many students who graduate are not finding well-paying jobs, either within their field of study or not.

“College Prices Soar Again!” “Budget Cuts Cause Even Higher Tuition!” “Higher Education Now Even Less Affordable” These are all statements that have been seen all over the media: newspapers, magazines, television, and radio. (3 SV: SV) Rising college tuition in America has been a problem for years. Many students drop out after a single year due to the pricey costs of tuition. The rapid rise can be attributed to many aspects of the economy, not just a single source. There have also been some propositions of how costs could be lowered, but these have yet to be seen. The United States has gone into a tuition crisis.

Marty Nemko, in the article, “We Send Too Many Students To College,” acknowledges that colleges have become obscenely expensive and that it is possible to be successful without going to college. Arguing that too many students are sent to college without realizing that it is not imperative, Nemko targets parents in his claims that colleges focus on educating in the cheapest way possible and most importantly, that the advantage of past college graduates in the job market is declining. One of his main reasons is that even though the average college graduate makes more money, hundreds of thousands of students in the bottom half of their high school class do not succeed in higher education. Nemko’s article is the most persuasive article on whether college education still has value as he argues that college is not beneficial to everyone through demonstrations of hyperbole, and figurative language.

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

College is a dream that almost every American wants to come true, however, with the extreme rise in the costs of tuition it is a dream that has quickly turned into a nightmare. “Tuition at a private university is now roughly three times as expensive as it was in 1974, costing an average of $31,000 a year; public tuition, at $9,000, has risen nearly four times,” (Davidson). “For the average American household that doesn 't receive a lot of financial aid, higher education is simply out of reach,” (Davidson). That is why many students have begun questioning the worth of a college degree and if the amount of debt that is received upon exiting college is all for the better. And considering that costs have risen much faster than the rate of inflation, many are starting to believe that college just isn 't necessary any more. However, according to White, economically, the answer would still be a yes. “While unemployment rates for new grads and experienced workers alike have fluctuated throughout the recession and recovery, the earnings premium that college-and advanced-degree holders enjoy over their peers who didn 't attend college has remained relatively stable, and in some instances, grown, according to the report that was released this week,” (White). A study was shown that many college grads are able to get earnings that are significantly higher than those who did not get enough education or only hold a high school diploma (White). Even

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

Today college tuition prices are rising. Paying for college can often be a stressful responsibility. A college education is very important for many students, but when stressing on how to pay for college gets in the way, it becomes more of a burden. Kim Clark effectively states the rising prices of college tuition in her article, “The Surprising Causes of Those College Tuition Hikes.” Clark states that the cost of attending a public university, even after subtracting out aid and inflation, rose more than fifteen percent in the last

In their article “Should everyone go to college?” Stephanie Owen, Senior research assistant, and Isabel Sawhill, former Vice President of the Brookings Institute, argue that many factors lead to individuals not being able to attend college. They go on to claim these factors to be school choice, career field, graduation, and area of study. The article states that while on average the rate of return is usually positive, there are cases in which it is negative. One of their focal points is what it cost to attend college and its affordability. Claiming that with the rise in the cost of college, which progresses at a faster rate than that of the job wage increase, that college is becoming less affordable. In their conclusion a three step policy plan is included for individuals who plan to attend college. While realistically I agree that yes, some individuals should not go to college, my optimistic side would like to believe that everyone should and can go to college without it becoming a sour investment.

Many people throughout history have said more or less the same words in many different ways, from Presidents to philosophers, from dictators to martyrs, men all through history have come to the same conclusion; knowledge is power. The question of knowledge being equal to power is not the question that has so many people preoccupied in the current economic climate. That statement as fact has been branded into the minds of young people in America and all across the world for so many generations that the point seems hardly worth debate. Now the question has become, “Is knowledge money?” The cost of a college education has skyrocketed to the point that many would be students are asking themselves, is college worth the cost?

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?

David Leanhardt a correspondent for the New York Times stated in The College Dropout Boom that often times the thought of high tuition prices scare students away, especially lower-income students, before they even think about attending a college (92). And there is good reason for this. With the average four year degree costing $91,304 at public colleges and $179,000 at private universities (Merrow), tuition prices are ridiculously high. How are people expected to get an education with school costing so much? In the article Angela Whitiker’s Climb Isabel Wilkerson tells of Mrs. Whitiker’s near impossible climb out of poverty and into the upper-middle class. Ms. Whitaker, faced many struggles on her way up the ladder, but she worked hard, and eventually she wound up on top. Still through all of her hard work she could not have gotten to where she is now on her own. She needed someone to support her and her family emotionally, physically, and financially just for her to graduate with an Associate’s degree (202-16). It took a lot of time and effort for Mrs. Whitiker to get out of the place she was born into, and at times it looked like she would never get out, but she pushed forward, and lucked out. Most people don’t have the drive Mrs. Whitiker had, many students simply leave college when they begin to feel the pressure. In a study over college students, Merrow found that

The public is in debate whether or not college is worth its’ lofty price. College graduates will earn 73 percent more than high school graduates. Someone with a graduate degree will earn an average of $49,900. Compared to that, someone with just a college or Bachelor degree will earn $35,700, and someone who will only graduate with a high school degree will earn $30,800 (Kelley). Strictly looking at those statistics the price of college seems like a fair trade. “The advantage for