Even with a degree substantial pay is not guaranteed. “hourly wages for young college-educated men in 2000 were $22.75, but that dropped by almost a full dollar to $21.77 by 2010 “ ( Shierholz ). Wages for college graduates are not as high as they use to be. The cost, time, and effort put into college isn’t worth the outcome. Students who spend time in the classroom could be working.
After graduating high school, the majority of teenagers nowadays choose to continue their studies in college to attain a bachelor’s degree. There is no question that education is essential for our future careers. Unfortunately, I have noticed that not all students in my peer group are able to finish college. “Nearly one out every five students in America drop out of college by the first semester.” There are three main reasons for teenagers dropping out, them being: financial issues, academic struggles, and another simply being to start a career. Firstly, college as well all know is quite expensive and is continuously increasing in price.
A college degree is now the minimum ticket to get in the door to any white-collar job. Now you have to compete with large numbers of applicants for fewer number of jobs. Likewise, the value of the high school diploma has dropped. There is a big gap between an annual earning and unemployment rate of college graduates and high school graduates. High school graduates are doing even worse financially.
The topic this week of whether or not college is really worth spending thousands of dollars each year and paying of student loans for several years once you graduate is a very interesting topic to say the least. This is due to the fact that people attending college are primarily there to get a good education and potentially get a job that pays well so they can be financially stable and one day support a family. This is an ideal scenario, we need to take into consideration that everyone who goes to college doesn’t always land a fabulous job as a lawyer, a doctor, or a CEO of a company. Now on the other hand not all people who don’t go to college work at fast food restaurants or at Walmart, many in fact are very successful and productive members of society. Take Bill Gates for example, he is a Harvard University drop out, but he is also one of the founders of the computer program Microsoft and is worth about 79.2 billion dollars.
There wouldn’t be opportunity for growth in this country without successful graduation rates. The future of our country depends on the scholars that colleges produce. Without a thoroughly educated society, America would hit the floor and relapse into a deep depression. Jobs would disappear because the ones applying for them wouldn’t get accepted because they aren’t qualified. Even though dropout rates rise each year in America, college application rates are also on the rise because graduating high school students understand the importance of attending college.
According to The University of North Texas in their article “Why Go to College?”, “Experts that have researched the performance and job success of college graduates have concluded that, nationwide, college graduates with a bachelor's degree earn 74 percent more per year than those who only complete high school.” This seems very logical when you look at the big picture, having furthered your education will open you up to more jobs that that require more education that will most likely pay more. The University of North Texas in their article “Why Go to College?” shows a graph from The U.S. Census Bureau that shows a professional degree could earn you around 4.4 million dollars compared to less than a high school diploma could earn you around 1 million dollars for a whole worklife. Seeing
“A college education is the best investment students could make and college education costs are rising”- Cary Israel. The tuition for college is the biggest investment you could make towards your future, but the cost of a university is becoming a problem. Expenses are rising and out of state tuitions are getting higher. College education cost is a things many people cannot afford and it is effecting there future. Is the price of going into college worth the price?
Numerous individuals enter college without the complete knowledge of how much money will have to be paid backed after graduating college. Since it is not guaranteed for a person to graduate in the correctly estimated year, the amount of money that will be owed after graduating will be a higher amount. In Owen’s and Sawhill’s report “Should Everyone Go to College?” they argue about how the student tuition debt has risen to one trillion dollars, yet students can not afford to pay the money back(212). Some individuals rush into college without seeing some significant details that should be considered when in college. For example how much money will financial aid cover from tuition fee, how long does it take to obtain a degree, and the expenses
In the article “College Is Worth the Cost,” Brooks C. Holtom states, “ People who graduates with bachelor’s degree will earn nearly twice as much over their course of their carriers as those who complete on high school. In other words, Brooks C. Holtom point is that if you go to college you will get paid twice as much than just your high school diploma. Also if I would go to college I would earn $2.1 million instead of $1.2 million from a high school diploma. All in all,
This goes to show that people who go to college earn more money then people who do not. In 2016, the average income for people 25 years old and older with a high school diploma was $35,615, while the income for those with a bachelor's degree was $65,482, and $92,525 for those with advanced degrees(Is a college). This difference is a significant difference and it is also a motivation for so people to go to college. The lifetime income of families headed by individuals with a bachelor's degree will be about $1.6 million more than the incomes of families headed by those with a high-school diploma, according to the Postsecondary Education Opportunity Research Letter(Hansen). This states that people who have a bachelor's degree make on average, more money than people who do not have the degree.