Understanding the Impact of Higher Education

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).

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

Most people only consider the direct impact of a college degree on their own lives-but a college degree has a tremendous impact on the well-being of our own families as well, especially our children. Not only are children of parents with a college degree education better off socially and economically, but studies have shown that children in households where one or both parents have a college degree are themselves more likely to earn a college degree. “According to an estimate in 2028 there will be 19 million more jobs for educated population that there are qualified people to fill them”.

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,

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

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)

The report “Should Everyone Go to College” by Stephanie Owen and Isabel Sawhill states that typically, there are numerous perks for attaining a college degree; that observation is not consistent depending on variables like school, majors, occupation and individual. In the report, different factors were investigated that impact the benefits of a college degree in the course of one’s career. One of those factors noted an increase in earnings by 10% with an extra year of college education. Along with non-financial payoffs observed with acquiring a college degree like an enriched overall wellbeing. The other factor discusses how the school, course of study and rate of graduation affect the return from a college degree. The earning potential for

I have vigorous convictions that lead me to believe that a college education is worth it. A number of jobs require some college inculcation or a degree. The number of the jobs that require college education have highly incremented over the years; furthermore, a college education will proffer a plethora of money, diverse from what just a high school education would give you. In the article “Is a College Education Worth it?”, Henry Punoinoin encapsulates the essence that college is unanimously worth going to by divulging information and evidence fortifying his tone and noetic conceptions about the topic.

In 1980, Americans with a college education earned 30 percent more than a high school graduate, whereas in recent years, people with a college education earned roughly 70 percent more than a high school graduate. (582). They argue that the average income for a person with a higher education continues to increase. Additionally, the lower class will see a raise in their income and in turn, that will raise the overall standard of living. Meanwhile, “the premium for having a graduate degree increased from roughly 50 percent in 1980 to well over 100 percent today.” (583).

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.

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

Throughout the history of civilization, education has been an important tool in shaping an individual as well as the society that the individual is a part of. In the older civilizations, only the elite upper class had access to education. This kept these people at the top of the social ladder, and suppressed the common people who did not have access to the same education as the nobles. We have come a long way since then, with every child having access to a free high school degree. However, there is still some inequality in this modern education system that has similarities to the old injustices. In this day and age, a college degree is a great start for a young adult starting to enter the work force. According to a study conducted by Pew