The Economist Article: Monetary Value Of Higher Education

But It’s not just the tuition. It’s the books, it’s the lab fees, paying rent if you live on campus and the list goes on. While the expense of college is a valid concern, part of the problem is also the value of college. Many of wonder Does the cost of college really justify the value? After all this time and money, Are we walking away with skills that we need? These economic worries are still very relevant as they were thirty five years ago.

In the article, “The Value of a College Degree”, Rose argues that there are clear benefits of receiving a college education by highlighting employment, earnings, and learning gains. First of all, he cites that throughout their careers, those with a baccalaureate degree are shown to earn $1 million more than those who only have a high school diploma. He also argues that these degrees can be used as signals, in order to get noticed when finding employment, and the higher education allows the person to perform better and thus, get promoted. Furthermore, Rose cites an counter argument made by Arum and Roksa (2011) that many college students do not have significant learning gains, and rebuts by stating that the skills acquired in college vary and

What we get out of the college experience, we use in our day to day lives. Even the things we think aren’t important or useful end up becoming helpful. The material we learn in college is fundamental when it comes jobs and life in general. We are taught to make choices. We are taught how the real world works, and how to turn our education into our way of life. “…the really significant education in thinking that we’re supposed to get in a place like this isn’t really about the capacity to think, but rather about the choice of what to think about.” (Wallace 199).

In the essay “College Value Goes Deeper Than the Degree” author Eric Hoover claims a college education is important to one 's well-being so they can get a job and be productive in other parts of life. Promoters of higher education have long emphasized how beneficial college’s value and its purpose. Many believe the notion that colleges teach students are life skills to apply anywhere, they also work hard to earn a degree and learn specific marketable skills which they can use to get a good job. Though obtaining a college education and a degree is helpful in countless of ways, it is not necessary to pursue a college degree in world where a college degree is seen different now, people without turn out fine, the growing average of debt that students who attend college have to pay off and people without a degree can obtain many jobs that do not require college degrees.

The value of a college education also shows in the personal aspects of an individual’s life. Some very important values are developed while attending college. Some of these values include maturity, individuality, work ethics, time-management skills, and a sense of personal accomplishment. Having these values instilled will help to mold the type of person you will be in your professional life and in your personal life with friends, family, and most importantly, with yourself.

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.

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

Maney states that there are two sources of economic value college degrees have. One is how much the degree enabled you to contribute economically based on what you learned during the years you were acquiring it. The second source is the value of the degree itself. The

Many people are confused on why to invest time and money of attending college. A reason for obtaining a higher education is that a college degree can possibly earn a much higher salary than the majority of the people who have a high school diploma. College can be expensive and time consuming for the most of the people that do not have enough money and spare time to go to college. Stephen Rose, a research professor at the Georgetown University, wrote an article on “The Value of a College Degree” to explain if a college degree can be valuable to people to have. Eleni Karageorge, an author on the United States Department of Labor, wrote an article “Is A College Degree Still Worth It?” to give some details on job occupations that compares with employees having a bachelor’s degree or a high school diploma on how much they annually make on their job. Finally, Paul E. Barton, a consultant and a writer for topics related on education, wrote an article “How Many College Graduates Does the U.S. Labor Force Really Need?” on giving details on how valuable to have a college degree in the near future are needed when certain occupations are on high demand with a requirement on having a least a bachelor’s degree. We need to know why going to college is so important for anyone who wants to have professional occupations.

In the essay “What A College Education Buys” written by Christopher Caldwell, the author questions whether or not the value of a college education today supports the high cost of obtaining a degree. Having a college degree is viewed as having achieved some measure of accomplishment. People think you are more intelligent for having gone to college. Employers seem to be more eager to hire college graduates. Certainly we have been told that having a degree will help to ensure you earn more money. But is being a college graduate an obtainable goal for everyone? Can we afford to succeed or has college become one more area that is reserved for more affluent people? According to the Caldwell “…the price of

Many students come to school without a solid moral and ethical foundation because it has not been a priority at home. The lack thereof must not be used as an excuse. Educators must assume the responsibility to be effective caregivers, moral models, and ethical mentors. Successful character education is an integral part of a school’s culture, most effective when the virtues are integrated into the academic curriculum (Dean, 2014).

Americans have always believed that going to college is beneficial in many aspects and leads to a promising financial future.Recently, people have started to challenge this belief. Back in the day, if you had a college degree you were almost guaranteed a job. As Sir Ken Robinson puts it “You’re better having a degree than not, but it's not a guarantee”. Robinson has a valid argument; education trumps ignorance, but at the same, you don’t always have a high paying job waiting for you. Common sense seems to dictate that if their isn’t a job awaiting you then why waste money on a degree? This imposes another debate; are colleges worth the price of admission? In Andrew Hacker’s recent studies, Hacker seeked to compose an answer. He concluded that

Today, when someone graduates from high school, it is pretty much expected that they will go to college. In fact, there is more of an emphasis on college education in America today than any other time in history. However, it is also the most expensive time in history to attend college, and with student debt now approaching one trillion dollars and tuition continuing to rise, it leaves the question (Owen and Sawhill 212). What is college truly worth anyway?

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

Twenty-one million students are anticipated to attend some sort of higher education (Barrow et al.). And tuition costs are reaching all-time highs; about high as the salary an average American makes in a year (Kay 36). This is a drastic change in the higher education system in America. Colleges used to be mainly religious institutions hundreds of years ago and were based on moral training and proper conduct. Overall, making better people for society. In the present day, American colleges are helping aid students in getting jobs while building up the student’s values. Many have pondered over if the value of higher education that is taught is worth the price being paid. Some have said that the costs are too high for anyone besides the upper class, but people are still enrolling with increased rates each year. Higher education is worth the price because it provides lifelong benefits to the people who graduate with a degree. People who obtain a degree attain life skills that everyone should learn, get paid more money in their lifetime, and gain a quality education.