College Is Worth The Cost Of Life Essay

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College is worth the cost because it increases a person’s chances for employment. Many Times, a college degree can be important for obtaining a proper job. Not only is a person with a college degree more likely to get a job they like, but they are also more likely to get any job at all. Unemployment rates are higher for people without a college degree. According to the Article “College Graduates Fare Well in Jobs Market, Even Through Recession”, ”In 2011, the unemployment rate for people in their 20s with at least a bachelor’s degree was 5.7 percent. For those with only a high school diploma or a G.E.D., it was nearly three times as high, at 16.2 percent” (Rampell). In addition, the employment rates are higher for the job market as a whole. …show more content…
A better quality of life is based on many different factors, and money is only one contributor to this fact. A University of Maine economics professor, Philip Trostle concludes that People who attain bachelor’s degrees are a 3.5 times less likely to live in poverty, and their earnings are 134 percent higher than students with just a high school diploma (McCrea). Having enough money and life savings can help other aspects of a persons life as well. For example, with more money, someone will be able to own a better car, and with a better car, the person can get to work faster to make more money. Saving money can also help college graduates in their much later future. According to the article, “College Degrees Get You Dollars, But What Else?” by Nick McCrea, “People with a college degree are 72 percent more likely to have a retirement plan, and fewer than half are still working at age 62, whereas 67 percent of people with just a high school diploma are still in the labor market after age 62” (McCrea). McCrea does not stop there with the benefits of college. Although retirement is a huge part of many peoples lives, going to college can also help someones life on a more personal level. “People with degrees were 21 percent more likely to get married and 61 percent less likely to be divorced” (McCrea). McCrea concludes that college can lead to a better …show more content…
Unfortunetaly, a good quality of life is usually dependent on a good financial life. This is why getting a college degree is so important in today’s society. Not only is it easier for a degree holder to obtain a job, but they also make more an hour than a person without a degree. “In 2012, the typical full-time worker with a bachelor’s degree earned 79 percent more than a similar full-time worker with no more than a high school diploma” (Rampell). In addition, even when the recession hit, graduates were still making more money than non-graduates. Even though everyone suffered during this time, people without college degrees suffered more. It is also easier for the employment rates for grads to rise after a recession than it is for others. “The 5 percent drop in earnings of recent graduates since 2008 contrasts with the robust 19 percent growth in wages graduating classes recorded between 1995 and 2000, when the economy was booming and unemployment fell below 4 percent” (Hill). Also, According to “College Graduates Fare Well in Jobs Market, Even Through Recession” eventhough the recession has affected everyone, college graduates are the group of people that have had the best life, financially speaking. Finally, many are people that are on edge about going to college are worried most about the possible debt they would be in. The mounds and mounds and debt everyone hears about is nearly non

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