Today it is becoming increasingly harder to graduate college without student debt. A staggering number of nearly seventy percent of students that have a bachelor’s degree leave school with debt. Which can have major consequences for the U.S. economy. This debt may be preventing Americans from making bigger purchases that drive economic growth (Berman).
Of course, there is exceptions to that but going to college can help to improve your skills. College is a valuable aspect despite incurring significant debt because they will make more money, have more job opportunities and over all be more stable. Income is something you should consider before choosing whether or not you would like to go to college. Yes, it does matter what type of job you would like to do but college can really be beneficial. As seen in 2013 median earnings for a college degree were between 37,500-48,000 on
National Center for Education Statistics says, “An average student who comes to a new state from another state can expect to pay around $28,400 in tuition, fees, books and supplies for an academic year. Adding in an off-campus apartment and other expenses brings that to around $47,500.”(Should College Athletes Be Paid?) Attending college is a huge financial decision for most of the attending students. Though, if you are an athlete this is not the case, the scholarship you receive from the coach will relieve the stress that is put on other students.
Debt is the amount of money you owe to a person, bank, etc. According to Margaret Hoover, “If you finish your four years or any post high school educations leads to increased earnings over the course of your lifetime, and that’s just undeniable.” College is worth the cost because it provides future jobs, better pay, and living environments. College gives you better job opportunities. Some people say that you do not have to go to college to get a good job.
College costs are skyrocketing, and at the same time we have students wanting to learn and become educated in order to contribute their knowledge to society. The student loan debt crisis is weighing upon us, so we need to reform the system. If I had the power to make a change, I would cut the costs of college education and lower student debt by a reformed banking system. One of the major causes of the student loan debt crisis is high interest rates for student loans. Too many banks offer loans and do not think how these students are going to pay back the money.
When it comes to getting a job every advantage you can get makes a big difference and that is why college is worth the cost. In this ever-changing economy, many people are in danger of becoming unemployed and don’t know what the future of their career holds. Statistics have shown that college graduates are less likely to become unemployed than those who are not. Source D states that “College graduates are also far less likely to be unemployed than non-graduates.”
Is college worth the cost? College would be worth the cost or not, maybe because you need to find a better job or need more money. Also getting great benefits for your life and aso a healthful life for yourself and others. I would get paid twice as much if I go to college. 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.
According to the Bureau of Labor Statistics the higher level of education you get the more money you will make in yearly earnings. In life everyone wants to have nice things and lots of money so college will help you with that. Some people may say college leaves you in debt. Yes this is true but you will have a higher paying job so that you can pay it off quicker.
Ellison starts off by saying “once, a degree used to mean a brighter future for college graduates, access to the middle class, and economic stability” (Ellison). This highlighting the hopes that come with going to college and getting that degree, even if you do have student debt, but then he immediately highlights the hardship that comes with the college these days. The author states that “student loan debt increases inequality and makes it harder for low-income graduates” to “to buy a house, open a business, and start a family”(Ellison). The economy is going up by any means and it has no room for a middle class because there is so much debt. College graduates coming out of college are having even more of a hard time supporting themselves after college rather than while in it.
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.
Did college cost get affected by the recession? The cost of college has always been what young adults have thought about? These costs have gone up gradually over time. This has aroused the question of is college worth the cost? Despite the fact that college may seem to set up your future, I differ with this because you will pay lots of money and will not have real world experience.
Therefore, students will probably have to their settle their loan debt after the finish their postsecondary schooling. These expensive college classes and degrees require most pupils to spend a majority of their working lives paying off college debt. College tuition has become too expensive and is hurting students due to high costs and debt. The prices have increased more than inflation for a multitude of years and have jumped to an all-new high in the past decade without a chance of stopping or lowering. The high “sticker price” of college tuition only deters more students from attending.
Samanta Diaz T. Dunlap Pd.2 30 Nov. 2015 Why College is Worth it Many people say that college is too expensive or it is not worth it, but is that really true? You can do a lot without a college degree, but it does help you build experience and for some jobs a college degree is required. One of the biggest reasons college degrees is worth it is due to the amount of jobs offered to people without a college degree is greatly decreasing. Everyday there are less and less jobs for high school graduates without college degrees.
Every year college prices dramatically increase. People are constantly debating with themselves whether college is worth the cost or not. Since the cost of college is constantly increasing its harder for people to keep up with the cost. Although the price of a college education continuously increases, it is worth the cost since college graduates make more income and become more successful than high school graduates. A solution to this problem is for colleges to stop making students spend extra money to turn colleges into a “country club”, and for colleges to focus on education not “country clubs”.
In “Is College Worth It? Clearly, New Data Says,” David Leonhardt claims that because a four year degree benefits individuals both professionally and economically it is more than worth the investment. Throughout the entirety of Leonhardt’s article, he claims that education is the answer to all financial problems because it provides many financial benefits. He emphasizes that going to college is the path to living a bourgeois life because students will earn more money in the long run.