The students in Math 123 at Ivy Tech Community College were assigned the third and final Math project in November of 2015. This project included an Excel file assignment, this time focusing on finance and mortgages. The purpose of this project was to demonstrate the monetary importance of education by incorporating each students’ chosen career field as a base value, as well as to point out the advantages of investing in an IRA or 401K plan for retirement. The students were expected to make use “payment,” “present value,” and “future value” functions in Microsoft Excel to demonstrate efficiency in making calculations relating to mortgage payment, home value, and future IRA values. The students were also required to write a reflection paper to validate their understanding of the subject matter.
For our final project in our Math 123 class, we were instructed to work with finances; specifically we learned about the importance of education when it comes to saving for the future. Part of the assignment was to visit the Bureau of Labor Statistics government website where we could find the median salary for our desired career field. We used this figure to compare our future earnings with that of a person who possesses only a high school diploma. At the Bureau of Labor Statistics website, I was able to locate my desired career, which is listed there under “Computer Network Architects.” Computer Network Architects are responsible for developing and maintaining network
In the critique of the article “The College Payoff”, we will be examining the numerous aspects of this article and whether this article is deemed a good research article or not and the different research aspects used. “The College Payoff” focuses on how college degrees can pay off in the long run and lead to having earned more money over a lifetime than those who do not obtain higher degrees. They account for certain factors such as occupation, race and gender that can cause some variation in lifetime earnings apart from earning a college degree. In the end, they found from their research that you do have a higher education degree, you will on average make more over your lifetime.
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.
College graduates, on average, make a whopping one million dollars more in lifetime earnings than those with a high school diploma. Those with a college degree now make $17,500 more per year than those without — a wage gap that's doubled in recent decades. Those without a degree are four times more likely to be unemployed.One of the biggest and most important reasons for anyone to attend college is the upper hand it gives with regards to jobs and career. A college graduate has a higher chance of landing a job when compared to an individual with a high school qualification. Further, a college graduate also has better options and opportunities to progress in their
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
Many high school students, and perhaps their parents, often wrestle with the question: Does a person with a college degree make more money than one with just a high school diploma? Can I earn more money with a college degree or by going straight to work after high school? Is it worthwhile to go to college? Research shows that yes, those who have a college education usually do make more than those with only a high school diploma do.
Although college tuition is a lot nowadays, graduates are “far less likely to be unemployed than non-graduates.” (D) A college degree gives you a higher chance of getting a job to assist in securing the future of you and your family while also helping paying off your financial obligations. A college degree not only helps you obtain a job, but it also increase your income. “Construction workers,police officers… make significantly more with a degree…“(D)
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.
Journalist David Leonhardt, in his article “Is College Worth It? Clearly New Data Say,” argues, through the use of statistical data, that from both a financial and economical perspective, that pursuing a higher education is beneficial. Leonhardt provides data from the Economic Policy Institute that states that, “Americans with four-year college degrees [made] 98% more an hour on average in 2013 than people without a degree.” Furthermore, on average, college graduates make “about $32.60” an hour while the average wage for those who did not pursue higher education is “about $16.50.” The disparity in wages should be a sufficient reason for pursuing a higher education. Yet, Leonhardt concedes that there is and will always be a percentage of graduates that will be unsuccessful in finding employment. According to Leonhardt, this unfortunate
In recent conversations of the increment of the student loan debt, a controversial issue has been whether a college degree is worth getting. On the one hand, some argue that earning a college degree is a major life achievement that some consider to be part of the American dream. From this perspective, we can see that a college degree opens up more opportunities and possibilities of employment with a higher pay and position. On the other hand, however, others argue that many people succeed without college degrees. According to the Bureau of Labor Statistics, of the 30 projected fastest growing jobs between 2010 and 2020, five do not require a high school diploma, nine require a high school diploma, four require an associate’s degree, six require a bachelor’s degree, and six require graduate degrees. In sum, the issue is whether a college or career path is worth the debt or not.
The authors also look at some statistics and see if it would be beneficial to go to college. To determine if college is right for a person, they should look at the increased earnings for every year the person is in college. Every additional year of school, the rate of return is roughly 10 percent. When looking at the percentage of wages between high school diplomas, bachelor’s
Many people think of investments and imagine real estate, or stocks, but fail to visualize the ideal that going to college is an investment in your own future. Historically speaking real estate has only a “less than 1 percent(leonhardt)” return rate, for stocks it is only “7 percent(Leonhardt)”,but, for college the return rate is over double that of stocks at “more than 15 percent(Leonhardt)”. This shows that going to college is one of the wisest decisions that you can make for you future,with a return over double that of stocks, and nearly 15 times the return of real estate. The average in-state tuition for a public college is $9,650 dollars per semester,so the return for that would be $11,097 dollars..Another aspect of college that makes it worth the cost is that it helps prepare students for the real
Education is very important for our lives nowadays. There are many ways that can help us to get a good education. After high school, normally, students go to colleges or universities to prepare for their careers in the future. In the article “College Prepare People for Life”, Freeman Hrabowski says that college is necessary for students to get their jobs in the fastest growing job categories. However, there are many challenges in monetary inputs and outputs of students when they attend college.
In this project, the student will determine the cost of receiving a college education in one private school, as well as a public school. The student will calculate all expenses that will be incurred during the time of college including tuition fees, book costs, recreational expenses, food, and other costs. The student will additionally choose a career he wishes to attain, and, based on the college he attends, will calculate the likelihood of obtaining that position after college. The chosen profession will also be representative of the level of education, desired income, and interests the student wishes to have. After predicting the annual income for this occupation, a strategy will be made to pay off federal and private loans after college which will take into account other post-college expenses and prospective income. The student will include inflation rates for all components of this project because prices are likely to change before attendance in the years 2017-2021. This project will help the student understand the financial facet of attending college and allow him to apply mathematical concepts learned in