A great deal of young adults, ages 17 to 21, struggle to decide whether or not they should attend college. This decision is made based on a cost/benefit ratio. Most people believe going to college will provide them with a better job, higher salary, possibility to find employment at a longer rate, and the chance to stay employed longer. In return, sacrificing hundreds of thousands of dollars to pay tuition and interest and the possibility of remaining in debt for the rest of their lives. I have two career paths to possibly go down, one as a lawyer, earning an average salary of $160,000 annually. In this career path I choose to go to (a private) college for 4 years, the total tuition being a hefty $263,968 (without interest). The other career path, being a non retail sales manager, earning a fair $46,800 annually. In this career path, I attend (a public) college for less than 4 years, with the tuition coming out to a meager $9,600 (without interest). Personally, I’d rather go down the career path of being a lawyer. I’d rather pursue the career path of being a lawyer because I believe the benefits outweigh the risks. Under the assumption that I will retire at 65 years old, after finishing my education requirements, I will have to work for 39 years. My average salary being $160,000, multiplying it by the amount of years I have to work is a total of $6,240,000 I will earn over my lifetime. My college tuition with interest (6.5%) is $357,240. If I subtract this amount from what I
The choice of whether or not one should attend college has been a great topic of interest over the past few years with the increase of college tuition. This increase of college tuition questions whether attending college will pay off in the future since numerous amounts of students are left with an excessive amount of student loan debt. Stephanie Owen, a former research assistant at Brooking’s Center and current research associate at the Urban Institute, alongside Isabell Sawhill, co-director of the Center on Children and Families and a senior fellow in economic studies at Brookings, wrote Should Everyone Go to College? In an attempt to answer that question. In their report they breakdown the cost and benefits of going to college often relying on logos throughout the
The topic of “Are Too Many People Going to College?” was presented by Charles Murray, the W.H. Brady Scholar at the American Enterprise. In today’s world college is a must due to many employers seeking educated individuals. Murray develops an interesting conversation by demonstrating that many high school graduates who are seeking to go to college do not need a degree depending on their career paths. Murray provides the analogy of a high school graduate who is looking to become an electrician but is not sure if college is the most logical decision. Murray acknowledges the fact that a B.A. does not necessarily led to a higher income than one with a degree. The logical argument of money is brought to attention and is stated “the income for the top people in a wide variety of occupations that do not require a college degree is higher than the average income for many occupations that require a B.A.” (Murray 247). Although this is his main point, he understand that it varies due to the occupation one is leaning towards. There has been individuals without a college degree that are making millions of dollars, but it varies. Murray claims that getting a B.A. is going to be the wrong economic decision for many high school graduates (Murray 246); however not everyone wants to be an electrician or any other hand held jobs that doesn’t necessarily need a degree, but if one wants to be a lawyer, doctor, or anything require a degree, college is the answer. Having a degree in a
The article, “Should Everyone Go to College?” by Stephanie Owen and Isabel Sawhill disputes the widespread idea that attending college before joining the workforce is financially advantageous to everybody. The authors acknowledge that for some the investment of college results in a profit, but stipulate that several factors could result in a college degree costing more to obtain than the future benefits would reciprocate. They demonstrate that differences in factors such as major choice, school selectivity, and future job availability result in an enormous variation in the potential value of higher education. Owen and Sawhill state that the stereotype of an unconditionally lucrative outcome from college is inaccurate, misleading, and likely
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
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
Is college really worth the time and money? This is the question I am going to be exploring. While many people may have an idea that college is just an abundance of debt, other students argue that most of the information they learn doesn’t provide them with the value they thought it would (Adams 1). Many college students who grow up with the opportunity to go to college usually don’t stress the idea of going to school, but most students who don’t have the opportunity to go to school usually make school their priority. Students who don’t have the opportunity to go to school think this way because they want the opportunities they think they could have with a college education. I am deciding to argue about this topic because I grew up in a household that didn’t grow up with parents who stressed college, as a result, I am making a strong effort to get through college. Although college does have some disadvantages, going to college is worth the time and money because it provides critical thinking and opportunities for job advancement.
“… A college degree is the surest ticket to the middle class,” says President Barack Obama (10, “College Education”). However, many disagree. Only 44% of people say that college is worth it from a previous 75%. This is understandable because tuition is the highest it has ever been and is still rising; meanwhile, student debt has surpassed $1.2 trillion (4, “Is College Worth”). Is college really worth the money? It depends on many factors such as the student, major, college, and time taken to graduate. But for the average student, it is definitely worth it; in fact, a college degree has never been more valuable because it increases the chances of having better wages and benefits, more job opportunities, and marketable knowledge. Anthony Carnevale from Georgetown Center on Education and the Workforce says that ““the only thing worse than going to college is not going to college,” meaning students must decide between risking lower wages and higher chance of unemployment or paying for college (4).
The value of a college education is a topic that strikes debates across the nation. People wonder if the debt and time will be worth in helping them obtain a career to pay off the debt and generate a larger income for themselves than if they did not have a four-plus year college degree. My whole life, I have always valued a college education. At the same time, I know that the higher education is not as important to others. I never understood why someone does not want to obtain a college degree, but after looking deeper into the subject, I understand that money may be one of the biggest setbacks. I decided to research further into the financial reasons that a person may not believe that a college education is with the money. My research
Since infancy, parents are always encouraging their children to go to college and become a professional. But in this new age economic crisis, is college really worth it? Tuition costs are rising to a criminally high price have everyone arguing. Is college really a good investment? Well in a very short way, Yes it is. An investment that makes you 500,000 to a million dollar lifetime payout is uncomparable. In the end, today an average college graduate will make far more over the course of his or her life than the average high-school graduate who doesn't attend college. This in itself should be enough, but there's also a priceless benefit of college. Going to college has been proven to give overall higher life satisfaction. This is why
College nowadays is increasingly expensive and only a select few can afford to pay it without acquiring debt. Because of this need for money to pay for college, the giving out of loans has become common practice, and it is easy for anyone to get a loan for “$50,000, $75,000, even $100,000” according to a consumer report. The giving of these loans would put people into a substantial amount of debt and the only feasible way of paying it off would be working a job with a high salary. In most cases a degree would be beneficial for attaining a job which pays a high salary, and this is shown in survey conducted by the U.S. Census Bureau which stated that people with a bachelor’s degree earned nearly 25% more at age 25 compared to someone who was only a high school graduate.
When I was a little girl nothing was more gratifying than lining all my stuff animals and dolls up with paper and pencils. It gave me great pleasure to stand in front of them and share my intellectual knowledge. I played school for as long as I can remember and that is where the love for my career choice started. When I got older and started going to school I noticed that there were not only normal kids there were also other children who needed extra attention and who were is special classrooms. I started taking an interest in the special education students, so I decided that I not only wanted to be a teacher, I wanted to be a special education teacher. For as long as I can remember, college has always been in my future. After realizing that I wanted to be a special education teacher, I started searching for colleges that fit my career plan. I found that Illinois State University was interesting and has an outstanding Special Education Program. I will be attending Illinois State University in 2016 getting a B.A.Degree in Special Education focusing on Severe & Profound population.
In the video “Is College Worth it?”, John Green tries to answer the common question of is college worth it? Yes, college is indeed worth it. The moment you step into high school, you are being prepared for college, whether you like it or not. College nowadays seems to be the popular thing to do after high school to better your future; however college isn’t always for everyone. Some people enjoy working in factories, fast food restaurants, etc. and they do just fine. A lot of people don’t want to deal with the college debt that one accumulates during your college years. Green figures that the average person will accumulate $140,000 of debt. However with a higher education the better job opportunities for promotions you will be offered in the
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
High school students are often stressed how important college is and how vital it will be for their future, but students often wonder if the thousands of dollars spent to further their education is worth it. According to the New York Times, “Student debt, meanwhile, has topped $1 trillion” (Leonhardt, 2014). Having that much in student debts, often questions individuals attend college or to join the work force right out of college. There are a lot of advantages of attending college as well as disadvantages of attending college. As an individual, you have to be the one to decide if it will be worth it or not. Some may view it is not worth all the debt in the long run, whereas some think it is worth every penny in the end. I have always had strong values when it came to education, therefore I think college is worth every penny.