Why Is College Worth The Cost Of Higher Education?

Improved Essays
We are told to invest in our education. What exactly are we investing in? They say college will benefit us in the long run, will it? Many students drop out before they even finish high school, but why are the numbers of college dropouts increasing? All these students want to do is to have a career and an opportunity to give back to the community in some way. Why is wanting an education beginning to look like a bad idea? Not even a bad idea, but a punishment? Is it truly worth the stress and empty bank accounts? The benefits of going to college do seem to outweigh the costs because those who have continued with their education and have earned higher degrees seem to be rewarded with higher wages and a more stable, secure lifestyle.
In today’s
…show more content…
In the United States, students are rewarded to getting a higher education no matter the cost. Another idea, by Mary C. Daily & Leila Bengali, in FRBSF Economic Letter, published in May 5, 2014 is that high school graduates face twice as much unemployment as those who graduate from college. Nevertheless, there is debate whether or not college outweighs the cost of students just attending. In this article, they discuss about those with just the high school education and how they will have less earnings than those of higher education. Annual tuition is the same all four years, but students attending college receive no earnings in school. The extra earnings of the college graduate could be invested in their children 's college tuition. School that can be paid once they have earned a college degree and begin receiving college degree earnings. Loans will no longer be a stressor for they will be able to pay it off in time. In conclusion, Mary C. Daly & Leila Bengali say that it is possible to achieve success without attending college, but in order to gain higher earnings it involves a college …show more content…
Although, many do seem to find their own perception of success with or without a college degree, but financially it seems to me that graduating from four-year college will provide more financial success. Automatically college graduates will receive more than those who stopped there is a case and after graduating high school. Many who stick to only having a high school diploma will find themselves with higher chances of working part time rather than full-time. Their wages will be much slower than those with a college degree all in all, I have concluded that colleges investment for people to retire much earlier and live a much more stable lifestyle. College is worth the sacrifice and stress… especially worth the top Ramen every night budget. All of the expense will lead up to the student being able to provide and benefit in more ways than

Related Documents

  • Decent Essays

    This section of the article also covers benefits of a four year degree over a two year degree. With each increase in education level the amount of money added is greater. The article then cover information on college providing better people.…

    • 181 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    Plan B: Skip College by Jacques Steinberg is the essay that I choose to read for this journal entry. Steinberg brings attention to an issue of inadequate alternatives to college for the person that is not likely to succeed in college, who does not wish to attend college, or would benefit from skill-training to enter directly into the workforce. As a matter of fact, Steinberg brings attention to the issues that plague many students that have earned a college degree which is a lack of return on their investment by referencing input from economist and educators. In America, it's a common misconception that a college degree equates to success and the economic stability in which we all seek, accordingly, these are the reasons that some economists and educators advocate for alternatives.…

    • 472 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    College may not be a fruitful investment for some. Although the average return on investment of a college degree is mostly positive, it is not a fact for all cases. All values of education will differ. Owen and Sawhill claim that by telling people they should go to college no matter what, we are possibly doing them a more harm than good. Owen and Sawhill state that studies suggest that “the return to an additional year of college is around 10 percent”, but they express how there are other factors to consider.…

    • 1760 Words
    • 8 Pages
    Improved Essays
  • Great Essays

    In our current economic situation almost everyone has to worry about money, whether that is for: groceries, the mortgage, rent, or in our scenario, schooling. With the cost of getting a higher education being so high today will it pay out in the long run? You don’t want to waste four years going to a school that will set you back farther than you want. Possibly even get a degree that will not help you secure yourself a stable financial future. In an article titled, The Rising Cost of Not Going to College by the Pew research center, one of the statistics it shows talks about how most college graduates, who are working full time, earn about $17,500 more per year than other participants who only have a high school diploma.…

    • 2068 Words
    • 9 Pages
    Great Essays
  • Improved Essays

    Some people think if students can not doing well in college, why should we let them go to college? Why not go to vocational school instead of college ? Dale Stephens describe in her article “ College is Waste of Time”, she claims, “College fails to empower to with the skills necessary to become produce members of today’s global entrepreneurial economy” (38). Also, they think college can be replaced and that social experience is more important than college experience. Marty Nemko in the article “ We Spend Too Many Students To College”, she points out “if you graduated in the bottom 40 percent of your high school class and went to college, 76 of 100 won’t earn a diploma, even if given 8 1/2 years.…

    • 1253 Words
    • 6 Pages
    Improved Essays
  • Decent Essays

    There has been a debate on whether College is still worth the cost. There are arguments that there are jobs that don't require degree and that wages after going down and there are opportunities that don't require college. I believe that furthering your education is more worth it in the long run because you make more money and people who finish college consider it an investment, Also a liberal arts degree is well rounded and will suit many career paths if you are unsure what you want to do. The first reason I support furthering education is people who finish college make more money. David Leonhardt wrote” Even for Cashiers, College Pays Off” and in this article he wrote “three decades ago, full-time workers with a bachelor’s degree made 40…

    • 400 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    What Is College Worth It

    • 108 Words
    • 1 Pages

    Is College Worth It ? that's the big question for most students now because the cost of college is increasing and jobs are getting hard to get .In today’s society now college has become an requirement .We grew up being taught without an education beyond an high school diploma that it's going to be harder in life that the higher your education the more you will be successful. That is not true college doesn't guarantee success they are many other ways to succeed without a college degree. College is not worth it because a college degree doesn’t guarantee employment ,the burden of student debt and college dropouts .…

    • 108 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    What Is College Worth It

    • 340 Words
    • 2 Pages

    College is worth it because college graduates have a higher rates of employment. According to iHELP “only 3.8 percent of college graduates are unemployed, whereas 12.2 percent of people with only a high school degree are unemployed. The job market is extremely competitive, and a four-year degree will greatly increase your odds of success.” Going to college will help a lot when it comes…

    • 340 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    As wages decrease, people are starting to side morewith the opinion that college is just not worth the high expense. The wages for new collegegraduates, comparing female and male, increased dramatically from 1979 to 2000 by at leastthree dollars, but then from the year 2000 to 2010 it decreased by at least a dollar. Having a four-year college degree, known as a bachelor’s, is not as helpful for a successful future as it wasbefore. Now many people can still achieve a good-quality of living without ever having to attenda four-year college and waste money they never had in the first place. Along with the decrease ofwages, there is a pay gap between female and males.…

    • 1241 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    “Study after study reminds us that higher education is one of the best investments we can make...”(Owen, S., & Sawhill). In the essay, “Should Everyone go to College”, written by Stephanie Owen and Isabel Sawhill, the two authors work together to form a strong argument on idea that everyone should go to college. Money, personal success, and personal well- being are the main subjects that the authors present to the readers. This paper will evaluate some of the different components of writing that the authors used to get their ideas across to the audience. In the text, the authors use a few different methods and devices to help convey their point to the reader in a more clear manner.…

    • 1372 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    The main reason students decide to go to college is to get a “good job” and make a lot of money. According to the writers of greatschools.com, kids who go to college make about $1,100 a week where the worker with just a diploma makes a mere $638 a week. If you look at those numbers on a yearly salary, the person with the college education is making about $24,000 more than…

    • 1083 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    For example, people who graduate into the field of art, education, or service, are statistically likely to have a lifetime earning that is below someone who only received a highschool diploma. (Owen and Sawhill 216) With the cost of college averaging about $102,000 in and these people being projected to make less than half of that a year, to tell these folks that college should be their path is to lead them to the road of financial burden. People in these programs of study would have a higher lifetime return on investment (also known as ROI) with their education, if they went to highschool, and then enrolled in local community/statewide programs in those same fields to attain their goals. The truth is, college is not for…

    • 1363 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    In “Should Everyone Go to College,” Owen and Sawhill states that college allows students who graduate to earn a higher rate of income; however, various factors should be considered before choosing a degree. Moreover, the authors clarify that while the value of college outweighs the costs associated with earning a degree, just any college degree is not the best investment one could make to ensure the completion and success of their education. The authors also explain that the value of college can outweigh the costs associated with completing a degree. Owen and Sawhill emphasized that college improves certain values, such as job satisfaction and overall well-being, while also improving equally-as-important more monetary values such as graduates’…

    • 1232 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    It is shown that on average that people who go to college make more money than people that stopped their education after high school. This is supported by a quote from Should Everyone Go to College? by Stephanie Owen and Isabel Sawhill which says, “Hamilton Project research shows that 23- to 25-year-olds with bachelor’s degrees make $12,000 more than high school graduates but by the age 50, the gap has grown to $46,500” (Owen and Sawhill, 211). This quote shows that on average people when people decide to make an investment in their education, they are seeing that they are making more money than if they were to stop their education after they gained their high school diploma. Now making more money when you have a college degree is not always the case, there is still a good chance that you will have better job opportunities by having the…

    • 1025 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Getting a college degree is very questionable today, however I believe everyone should get a college degree if there is ever a chance, because of the financial benefits after graduation, and the variety of skills learned. There are for sure many positives to attending college, as well as many negatives. Throughout college there are a variety of different skills and experiences to gain, which would never be discovered without going to college. Many people believe that college is not worthwhile to attend due to the outrageous costs, and also because college tends to hold people back with major life decisions.…

    • 1189 Words
    • 5 Pages
    Improved Essays