Final Project Week 8 College education is an important investment that demands both time and money. Most students depend on college loans to cater for their costs of attendance, including tuition and fees. The lenders expect the students to pay back the loans in full amount after college. However, the ability of the students to pay back the loans is dependent on their success in the job market, particularly their earnings. Some college degrees lead to careers with good pay while others do not. In this regard, an evaluation of the return on investment (ROI) of a college degree is important. The ROI evaluates whether the benefits of attending college, usually the future earnings, outweigh the costs. It is important to choose a college that guarantees a better ROI to earn back the tuition costs and offset the student loans. The current evaluation compares the ROIs of two college majors (business and engineering) and two different types of schools (public and private).
Data Description The data for the study is sourced from Payscale.com and comprises 40 cases for two college majors (business = 20 cases, and engineering = 20 cases) for the year 2013. There are four main variables in the data for each major, including the school type, cost, 30-year ROI, and annual ROI. The school type
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Mainly, the external validity of the current findings is not ascertained because of the sampling approach used (Trochim, 2016). In particular, it is evident from the onset that the sample is not representative of all the colleges in the U.S. but represents the schools with the best ROI for the chosen majors. In addition, the sample size is small, which affects the accuracy of the estimates. In this context, further studies are necessary using a more representative and larger
In Catherine Rampell's New York Times essay "College Graduates Fare Well, Even through Recession," she writes an argument on whether college is worth the investment or not. In her essay, Rampell explains her position from the standpoint of agreement that college is well worth the investment. She provides a number of statistics based on the positive outcome of employment rates, post-graduation, for 4-year college graduates. Rampell gives a convincing outlook on the upside of investing in furthering one's education, resulting in a worthwhile outcome. Reading Response #4: College Graduates Fare Well, Even through Recession Written by Catherine Rampell
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.
First they reveal that there is not enough information available for prospective students to research possible colleges to decide if that institution would be beneficial for them (Pg.220, Para.1). They proceed to document several efforts that attempt to solve this problem, such as the College Scorecard and PayScale college rankings (Pg. 220, Para.3). However they claim that these efforts are not enough and more must be done. The authors insist that in addition to providing information, students need assistance with increasing the ROI of their college education. They suggest that colleges should work to ensure that more of their students graduate (Pg.221, Para. 3). Also, students should have help discovering how much financial aid they are eligible for, as they often underestimate the amount they could earn (Pg. 122, Para. 2). Owen and Sawhill reveal that future college students are often confused when it comes to choosing an institution and finding help to graduate and pay tuition. Therefore they use pathos to connect with their reader’s compassion for these students. Suggestions on how to assist these students are offered. Overall the argument is strengthened as the authors unveil certain needs of students through
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.
The rise of college tuition along with room and board have lead many to believe that college isn’t worth the money. This among with the other factors of how getting a job into society is more difficult and that a college degree no longer competitive due to the high abundance of them. On the other side, many others urge the importance of a degree. They bring up how more jobs today require degrees, the return investment, and many other things.
Higher education has been known by many Americans as a luxury for only those who can afford it if not being forever in debt with student loans. The price of higher education has been in debate for many years but it still has not ceased to come into an agreement. Should higher education lower its price or is it worth paying for it? As Andrew Hacker and Claudia Dreifus argue in their article “Are Colleges Worth the Price of Admission?” there are colleges worth mentioning about how successful their financial management has been correlated with their students success. The issue has also come into attention for Sanford J. Ungar, as he explains in his article “The New Liberal Arts,” although liberal arts education may be have its misconceptions, it does pay for its price. Hence, higher education (whether from a regular university or a liberal arts college) is worth the price, as it prepares individuals for the real world more than any other kind of education, it is an unique time were students are allowed to explore and put their abilities into test and it is the opportunity for many to overcome the many obstacles life has to offer.
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.
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
Some say that college is the greatest investment one can make. The author argues this point by giving examples of investments that greatly outweigh the average income of a graduate. If for example a student were to take his money for a four-year college, and put it in a savings
The table 8 demonstrated how was the delivery of service by AFRICEL-TEMPO to his customers which came out with a conclusion that 36.5% of customers preferred the delivery of services as fairly good, the rest 32.6% of the respondents said that the delivery of service was good, 13.5% of the respondents said that the delivery of service by AFRICEL-TEMPO was excellent, 13.9% of respondents said that it was fair and 3.5% of the respondents said that it was poor.
I’m actually pretty embarrassed about my performance in the practice of the spells we learned today. I actually did fairly well with the Stunning Spell. My partners and I were able to cast it at about the same time. With quick slashes downwards towards our opponents, we kept saying the incantation, Stupefy! We both also were quite adept at dodging the spells, so it took a little while for one of us to knock the other out. In the end, I won that round. It took a lot of focus, but not as much willpower. I was also holding back a bit, because I didn’t necessarily want to knock them out for long, even knowing the Reviving Charm. After getting some help from Professor Silvers to revive my partner, as I hadn’t mastered the Reviving Charm yet and the designated counter caster hadn’t quite gotten it either, we moved onto our practice of the Full
Throughout every generation the majority of students, who want to acquire a better paying job in the world, all apply to a college of their dreams. The whole of these students know what to expect from college; education, social connections, fundamental understanding of their respective field, as well as the benefit/hope that they will receive their dream job soon after. However, these students also expect to amass an amount of debt once they graduate as this is a common fear amongst college graduates. In spite of such hindrance in their pursuit of a job, the experience from which they accumulated throughout their college life later benefits them in diverse amount of ways.
Thesis Statement: According to the National Center for Education Statistics, “the 2012 graduation rate for…full-time undergraduate students who began their pursuit of a bachelor’s degree at a 4-year…institution…was 59 percent.” Also stated was that it took 6 years for those first-time college students to graduate with a bachelor’s degree. Every year the number of graduating college students is drastically decreasing. We believe that there
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