Data has shown that college graduates have a higher quality of life than those with only a high school diploma. One of the significant reasons against going to college is that after graduating there is a significant huge debt graduates need to pay off. However, according to the article, “College Graduates Fare Well In Job Market, Even Through Recession” by Catherine Rampell, even though college initially costs a lot, college pays off in the end with a return investment of 15.2 percent per year. ADD ANALYSIS According to the article “College Degrees Get You Dollars, But What Else?” by Nick McCrea, “people who attain bachelor’s degrees are 3.5 times less likely to live in poverty , and their earnings are about $32,000, or 134 percent, higher
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Clearly, New data Say” by David Leonhardt, he states that ¨the true cost of a college degree is about negative $500,000.¨ Leonhardt goes on to say that ¨not going to college will cost you about half a million dollars.” So, in the end, getting a college degree will actually save the graduates money. Not only will graduating college save money, but college graduates are also 72% more likely to have a retirement plan and fewer than half are still working at …show more content…
Those that graduate college not only have a better quality of life, but also receive higher pay and have a higher chance of getting a better job. Although in the past decade the average wages for college graduates have risen only 1%, the wages for those without a college degree has decreased 5% (Leonhardt). On average, those without a college degree are paid $16.50 per hour and those with a degree earn about $32.60 per hour (Leonhardt). Also according to Leonhardt, those with ¨four-year degrees made 98 percent more an hour on average in 2013 than people without a degree.” Unemployment for individuals between 25 and 34 with a bachelor´s degree was only 3% (Leonhardt). Not only are jobs that are held by college graduates paid significantly more, there are also more jobs that are requiring a higher education. Rampell states that ¨there are more employed college graduates today than employed high school graduates and high school dropouts put together.” A college degree can help individuals receive higher paying jobs and allow them to have more job opportunities than individuals with only a high school diploma. Unemployment for individuals between 25 and 34 with a bachelor´s degree was only 3%
Clearly, New data Say” by David Leonhardt, he states that ¨the true cost of a college degree is about negative $500,000.¨ Leonhardt goes on to say that ¨not going to college will cost you about half a million dollars.” So, in the end, getting a college degree will actually save the graduates money. Not only will graduating college save money, but college graduates are also 72% more likely to have a retirement plan and fewer than half are still working at …show more content…
Those that graduate college not only have a better quality of life, but also receive higher pay and have a higher chance of getting a better job. Although in the past decade the average wages for college graduates have risen only 1%, the wages for those without a college degree has decreased 5% (Leonhardt). On average, those without a college degree are paid $16.50 per hour and those with a degree earn about $32.60 per hour (Leonhardt). Also according to Leonhardt, those with ¨four-year degrees made 98 percent more an hour on average in 2013 than people without a degree.” Unemployment for individuals between 25 and 34 with a bachelor´s degree was only 3% (Leonhardt). Not only are jobs that are held by college graduates paid significantly more, there are also more jobs that are requiring a higher education. Rampell states that ¨there are more employed college graduates today than employed high school graduates and high school dropouts put together.” A college degree can help individuals receive higher paying jobs and allow them to have more job opportunities than individuals with only a high school diploma. Unemployment for individuals between 25 and 34 with a bachelor´s degree was only 3%