BENEFITS OF COLLEGE The number one benefit of college is a higher potential in earnings. The amount of money you can make depends on what degree you earn. There are four degrees: associates, bachelors, masters, and PhD. Those with a PhD make about $100,000 more on their annual earnings than a diploma or GED. Only going to college for two years can raise a student 's annual salary by $10,000 (Benefits 2015). All in all, taking the risk to acquire higher education can pay off in the long run.
Another benefit of college is an increase in job opportunities. Big companies hire college graduates for a certain number of reason. The first reason is that college graduates have a …show more content…
First generation college students that have a lower income are less likely to apply for financial aid do to the fact that they have no idea help like this even exists. The reason is because first generation students do not have the guidance needed to be successful in college since they are the first one’s in the family to go. Researchers have even found that since about 40% of students are first-generation, their family will discourage taking out loans (Mckinney 2015). Collectively, families discourage loans only because they aren’t educated enough to know how they really work.
Another idea for addressing the rising costs of college is the idea of free college. Free college would educate more people because the biggest reason why students don’t go to college is because of high tuition prices.
LIFE WITHOUT A DEGREE
Life without a degree can impose many problems on a person. With only a high school diploma, a person on average works almost twice as much as a college graduate but will still make about $900,000 less in their