The Value Of A College Degree Summary

Many people believe that a college education is a worthy investment. The ability to become a college graduate will result in making more money. There are more jobs in today’s society that require college degrees. College graduates develop more and better employment opportunities within earning a degree. Self-discipline is a major element in becoming a successful graduate. Also, college graduates are healthier and live longer. Adults-young and old, male and female-who have a bachelor’s degree or higher have twice the annual median income than someone with only a high school degree ("Do college graduates," 2014).

In the article, “What’s College Good For?” , Bryan Caplan, an economics professor from George Mason University, argues that college is a waste of time and money. Caplan states that college teaches skills irrelevant to the job market, and that signaling is the main importance of a degree. Caplan further supports this by saying that students are not willing to work for their degrees, and that they either forget the material, or are unable to apply the material to the real world.

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

I will discuss what the value of a college education means to me. A higher education will give me many physical benefits such as economic stability, a better quality of life for my family, more career choices, better job security, set a good example for my children at the same time, a college education will also give me many intangible benefits such as boosting my self-confidence, helping me to learn specialized knowledge, thinking critically, bringing me in contact with different people, learning better communication skill and being part of a team. It is something that will serve me well throughout my career and life. So, what is the value of college education to me? After I sat down and took some time to carefully consider what a college

A college degree is a valuable asset that could ultimately lead to a productive life in society due to the received education, but people without a college degree do turn out more than adequate in regards to societal success. According to the Bureau of Labor Statistics, of the forecasted 30 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 to get the jobs (College). In an article called “College Education” by ProCon.org,

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

Does college really give graduates the tools and knowledge required to succeed? In the article “Where College Fails Us”, author Caroline Bird attempts to argue that college may not be worth as much as people are led to believe. Bird believes that with the rise in college graduates being well above the Department of Labor Statistics anticipated job needs, college is quickly becoming a waste of time. Moreover, several reasons listed depict colleges many shortcomings, including the stress it puts on students and the unrealistic expectations it gives them combined with huge financial burdens. The author believes that the successful college graduates would have been successful regardless of their education, and that the majority of students felt forced to attend. Finally, she states that before wasting your money on a college education the reader should reflect on her article and determine if there is still value in a college experience. Although Caroline Bird presents many persuading arguments against the college experience in her article, I believe her logic to be outdated and generalized, and her content lacking of discrediting information. I disagree that all college graduates are taking dead-end jobs, and universities have withdrawn from the social side of their educational experience.

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

First, Mike Rose starts making references on how some people can’t afford a college education and through this, they believe that they don’t need to get a degree in order to work or learn something different; those who can’t go to college, look for any possible way of getting an education that could help them discover a different path for their life. Different levels of intelligence and particular talents set people apart and make them unique in their own way which help them to carry on with their life. On the other hand, Charles Murray addresses that now, high school students have a new approach about getting a college education. They now believe that getting a B.A. would guarantee them a job and

According to the article Is College Worth it? Clearly, New Data say by David Leonhardt, Labor Department statistics by the Economic Policy Institution in Washington released that the “Americans with four-year college degree made 98 percent more an hour” on average than “people without a degree” (1). However, this claim automatically assumes that the degree caused the higher earnings and failed to consider the fact that those who complete college are already more likely to be financially successful whether they attend university or not. In “Alternative Funding Resources for Higher Education”, Nicolas Barr responds to Leonhardt’s assumption of lower or free college tuition increase productivity by providing his research that shows that first, “education beyond a basic level does not increase productivity” and second, “that firms seek high-ability workers but unable to distinguish them from those with low-ability” (719). He explains that the assumption that higher education increases productivity is false. That does not mean that higher education is not associated with an increase in productivity, it simply means that there are more influences like “natural ability and family background” on the productivity of a student (720). Furthermore, Critics such as Leonhardt claim that “college degree is worth $1 million over the lifetime of a worker” (2). However, he failed to calculate the worth of each major. There are so many other factors to consider such as unemployment rate, the demand, and the salary of each job. For example, it assumes that a Bachelor of Arts in art history has the same outcome than a Bachelor of Science in quantum

Some of the most incredible advancements the human race have made have been in the past century. We have sent men to the moon, improved communication systems, and made the largest technological advancements since the invention of the wheel. In 1946, the first official computer, named ENIAC, was made. It weighed 100,000 pounds, and all it was used for were various calculations. That was only 69 years ago, but now computers can be found everywhere in developed nations. In less than one decade, we have progressed from a 100,000 pound computer to handheld computers that weigh less a pound and can be used for numerous different tasks. It is crazy to think that the simple luxuries that our generation have become accustom to were not normal for our parents or grandparents. An increase in education is the reason we have been able to progress in such an accelerated way. The value of a college education lies in its ability to allow individuals to grow academically, by expanding their knowledge of various subjects, and socially, by being exposed to many different characters and beliefs. These skills ensure that they will have a better future because they will be advancing faster than those who chose other paths. A four year college education, although not for everyone, can push young adults in the right direction.

Beginning at an early age, children who are encouraged academically by their parents, educators, and coaches will grow up with the realization that a thorough education will provide for them—financially and professionally—in the future. One of the first things that we are taught is that if we graduate with a degree from college, then we will have a better job and more opportunities in the future. There are many instances where this rings true. According to Brookings Institution publication “an individual with a college degree is nearly nine times more likely to make over $100,000 than someone with only a high school diploma and 13 times more likely to make more

     It seems in the society we live in today, having a college degree is a necessity. Years ago it was the norm for people to just go right into a full time job after high school, if they even finished high school; they did this to support their families. In today’s society a person has a difficult time getting a decent job without a college degree. During an adults working life, bachelor degree graduates will earn about $2.1 million and a high school graduate can expect to earn an average of $1.2 million (Day and Newburger, 2002). This is quite a difference and it puts a college education in

Why is it important to achieve a college degree, certificate or diploma? Generally speaking, what is the importance of having a college education? This is a question that I have been debating and fighting with myself for the past five years. Is it because with a college education a person can get a better job, earn more money and ensure himself of a better life? Or is the whole concept of college a fraud and a scam to manipulate individuals in feeling inferior without it? In this paper, I am going to enlighten you of the pros and cons of having a valid college education and what it means to me.

Many people in the United States view college as being an excellent use of time and money. College is an opportunity to further your education and get the job of your dreams. Many employers will hire someone with a Bachelor’s degree over those with just a high school diploma because, college teaches many important skills giving these students the advantage. Mikahail Zinshteyn from HechingerReport reported that college graduates with a Bachelor’s degree scored higher on a literacy test than those without a degree. The study also showed that college graduates that earned a Bachelor’s degree got the top score on the literacy test three times more often than those with just a high school diploma