Is A College Degree Worth It Analysis

1977 Words 8 Pages
Now is a college degree worth it? Worth all the investment of money, and time? It’s been a huge conversational debate in America for a lengthy amount of time now. Many people have spoken on their sides with those saying that it isn’t worth it, and then there are those who deem it worthy and essential. Yet, many disagree with them. Even though the rising cost of a college education is sky rocketing, it’s worth the rising cost. However, many people still believe that college is unnecessary and deem it as unworthy of our time and money. They think college is very important in todays methods to become successful. If people don’t begin to see why it’s essential and fail to attend college, then the U.S. may have dim days coming because we could be …show more content…
College tuition is rising, 130% for private schools from 1982 to 2012. 131.4% for public university tuition from 1982 to 2012. (ProCon) This change is tuition is completely asinine and anyone would agree with that. The rates have surged much faster than inflation. For example, take Harvard University. One of the most prestigious colleges in the world. In 1971 it cost $2,600 to attend. Now it’s $45,278, 17 times what it did back in 1971. (CNBC) Robert B. Archibald in his book “Why does college cost so much?” spoke about William & Mary’s tuition. He touched on the schools out of state tuition which is usually much more expensive, but was $1,504 for a year in 1960 with room and board. That translates to $12,099.78 through dollartimes which calculates inflation. He went back to 2006 in his book and revealed that William & Mary’s out-of-state tuition with room and board was now $32,433. The skyrocketing price of college has been a huge debate in America for a very long time and has helped drag people to think that it’s not worth it. (Archibald) Additionally, college tuition has risen 130% for private schools from 1982 to 2012. Comparatively, it has risen 131.4% for public university tuition from 1982 to 2012. …show more content…
Which is logical looking at the numbers. According to ProCon, the federal government allocated $176.83 billion for college loans, grants, tax benefits, and work studies in 2013. To go with that, state governments in the United States spent $81.2 billion dollars to help fund public colleges back in 2012. The kids who dropped out after freshman cost the states $1.3 billion dollars of federal money and the United States government lost $300 million dollars for each year in grant money and government appropriations for universities in the U.S. Free money that doesn’t have to be paid back simply wasted! Now students who pursed a four-year degree that didn’t graduate within 6 years were responsible for $3.8 billion dollars lost in income. $566 million dollars in lost in federal income taxes, and $164 million gone in state income taxes per year. As the number accumulate, more and more people find college unessential if we waste so much money on it and don’t use

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