Do the benefits of college still outweigh the cost? In recent research, it shows that people who are undergraduates are making less than people who actually attend college and get a degree. In the research paper Benefits of College Still Outweigh Costs, Fed Study Says, “Despite the recent struggles of college graduates, investing in a college degree may be more important than ever before because those who fail to do so are falling further and further behind.” In addition, other statistics show that college graduates have to pay for all the money they got attending school. The research will prove that the cost of college don 't outweigh the benefits, because you will get your degree but it 's hard to get the …show more content…
According to Katherin Peralta, http://www.usnews.com/news/articles/2014/06/24/benefits-of-college-still-outweigh-costs-fed-study-says. June 24, 2014, at 10:24 a.m. The main idea of this subject is mainly talking and explaining about declining wages of those with just a high school diploma help boost the wage premium of higher education. Even in the face of rising student loan delinquency rates, increasing tuition costs and still-tough employment prospects for recent college graduates, the benefits of a degree outweigh the cost, according to a New York Federal Reserve. The earnings of a college degree. Such as bachelor/ associate have risen and decreased over time but have had average returns of about 15 percent over the past 10 years. The report showed this is in large part because wages for those without a college degree have slowly decreased, which boosts the college wage premium while worsening the prospects of the less educated, according to the report. The “falling behind” can be felt in joblessness and wage disparity by a level of education. The unemployment rate for those at least 25 years old with just a high school degree was 6.5 percent in May, compared with the national rate of 6.3 percent, according to the Bureau of Labor Statistics. Another recent research has suggested that the education wage gap has grown with time. Americans 25 to 32 with a college degree made up to $17,500 more …show more content…
Community college review October 2015. 02058%40sessionmgr4003&hid=4113&bdata=JnNpdGU9ZWRzLWxpdmU%3d#AN=109379380&db=aph. These sources state the purpose of this study was to understand how community college students assess the risks and rewards of using personal loans to achieve their higher education goals. The community college has been trying to make it more economically beneficial for the middle class and lower class. Since it’s easier to pay for community college than going to a 4-year college. About 30% of community college students took out federal loans and approximately 40% of all community college students graduating with their associate’s degree relied on federal and/or private loans to complete their credential. Researchers have found that some racial/ethnic minority groups are more averse to borrowing and incurring debt than other groups. In particular, research indicates that Hispanic and, perhaps to a lesser extent, Asian culture students are less inclined to borrow to pay for college. Many topics were brought up from the 12 interviews with community college students who had taken out loans. These topics were described below and include not good enough information and guidance, borrowing as a necessity the benefits of borrowing, and views of life after debt. The third authors conclude that mostly the people that apply for student loan programs are ethnic