Is College Still Worth The Debt Essay

Obtaining an college degree, leaves thousands of students in debt each year. Seven out of ten students borrow money to afford some type of degree(“Special Report: Is college still worth the debt”). According to “College Cost”, a college degree cost on average between $6,880 to $129,640, resulting to thousands of students in debt at the start of their career. However, all that debt you accumulated over the years will eventually pay off in the long run. Having a college degree opens the door for job stability, salary growth, and to be eventually be debt free.
As a result, of receiving your degree you job stability chances increases. A stable Job means an employee or a group of employees being able to keep a job for a long time.Sometimes jobs offer long term stability as a result of a college degree. A employer would rather hire someone that holds on degree than a non degree holder. You are also less likely to lose your job(Money Pro). Having a stable job introduces you to benefits, bonuses, insurances, investments, overtime opportunities, and paid vacations. With …show more content…
You will start off just above the high school diploma, however as time increase your salary gradually increase. Salary growth depends on your experience, more experience more money.A college grad make $32.60 an hour, a high school grad makes $16.50(Special Report: Is college still worth the debt). Between ages 25-29 students make on average of $30,000 to $55,000 a year with a degree. While a non degree make $27,000 or less. By the age of 25-49 degree holders make $45,000 to $118,000. While high school diploma or less are just reaching the $30,000 mark. (Not sure how to cite? Will at home on owl) Salary growth matters in today's world, due to the cost of living increasing every year. The “US New and World Report” said “individuals holding a bachelor degree earn about 2.27 million over their