Is College Really Worth the Cost? Most American goal in life is to earn a living when they come out of high school. But, maybe it isn’t really necessary that high school graduates need to feel ad if they are being rushed off to college. People who are hustled off to college discover that they would much rather be learning how to build things or fix things. College students and graduates are facing debt, unemployment/ drops in wages, and some would rather learn with their hands. Many college graduates are facing unemployment, leaving students and parents to question if college is worth the cost. The answer is no. Student debt has significantly increased. “If you get this wrong, it’s actually a mistake that’s hard to undo for the rest of your life”(Peter Thiel co-founder of PayPal). Peter Thiel is explaining that today 's students are taking on much more debt, due to recently tightened bankruptcy laws that have made it more difficult to get out of debt. These factors make high education a risky investment. If you go to college and end up getting nothing out of it;then, it …show more content…
“As college students head back to the classroom this semester, a harsh reality confronts them - the rewards for the time, energy, and money that young people put into college are less than they were a decade ago”(Source C). Young college graduates have seen wages, deteriorate. This lack of wage growth has been surprising to those who have read about the ast unfilled need for college graduates. After gains in the 1980s and 1990s, hourly wages for young college graduated in 2000 decreases. For young college-educated men in 2000 hourly wages were $22.75, but almost dropped a full dollar $21.77 by 2010. For young college-educated women, hourly wages fell from $19.38 to $18.43 over the same amount of time. Now, with unemployment being at 8%, it will be likely years before young college-educated graduates, or any workers, see substantial wage
According to The Atlantic, “recent college graduates ages 22 to 26 have earnings that are 83 percent higher than early-career workers who have only a high-school diploma” (White). With an 83 percent higher earning one can pay off their student loan debt with the money they make. If an early-career worker makes $12.00 an hour then a person with a college degree and education would make
Is College Worth The Time And money Many people go to college for many reasons the main one for most is to get a degree in something they think will give them better job opportunities which in return would allow them to have a better paying job then what they may have now. A lot of time ,effort and money go into college and so it’s understandable to think that once you’re done you’ll have a great job waiting for you . In a lot of cases it really doesn’t turn out that way, but either way college is well worth all the time and money someone puts into it.
Why College isn 't Worth the Cost When you grow up, you get pressured into believing that college is the only way to succeed. However,there are other options unless you want to waste your time and money on something that you 're not so sure about in the future. College is not worth the money you’re supposed to pay for. College isn’t worth the cost because many students do not complete college, College is expensive and there is no time for a job, you can achieve your goals without college With the right mindset and motivation, you can achieve any of your goals without going the complicated way.
They argue that while college is a valuable investment for many students, it is not the right choice for everyone. They point out that the cost of attending college has skyrocketed, and many students graduate with large amounts of debt, which may not be worth the investment for some students. Additionally, there are many good-paying jobs available that do not require a college degree, and students who pursue vocational training or apprenticeships may be able to earn just as much money as college graduates. The authors also argue that society has placed too much emphasis on college degrees and not enough on other forms of education, which can lead to a shortage of skilled workers in trades and other professions. Ultimately, they argue that the decision to attend college should be based on a student's individual goals and circumstances, and that other forms of education should be valued just as highly as college
The article “Is College Worth the Cost? Many Graduates Don’t Think So” by Jeffrey J. Selingo describes that most of the graduate students’ who had already completed their four years at a university and earned their bachelor’s degree are in debt for over a couple of years paying off their education. As stated by Selingo, those students that got a higher education are likely to be unemployed because the unemployment rate for college graduates is still at 9 percent, which makes it difficult for students to start paying of their debts. According to the Federal Reserve Bank of New York, the wage of college graduate workers has declined about 10 percent for the first time. Even if the college graduates do start working right after finishing their education most of
Hourly wages are dropping and “it will likely be many years before young college graduates-or any workers-see substantial wage growth” (Source C). Since wages have dropped it is becoming pointless to get a degree due to the amount of debt and stress caused. Even though, we need to learn, higher education is becoming a risky
Is college worth it for student getting out of high school? I think that college isn’t worth for students out of high school, because of the cost of college, there are other options instead of college, and the employment rate of college students. I will also provide the opposite side of the cost of college, there are other options instead of college, and the employment rate of college students. In the next paragraphs I will tell you why I think college isn’t worth it to a high school student anymore. The first thing that I want to bring up is the amount of money needed to go to college.
Many people dream of a life filled with riches, but that dream is hard to obtain without a college degree. It is somewhat ironic how people dream of being a successful student and going to college but the cost of tuition turns that dream into a horrible nightmare. It is not a shock to most people when they that college tuition is expensive, but in the past few years it has increased to an all-time high. Lower and middle class students have now begun to realize that college tuition is holding them away from their dreams. Even though college tuition could provide opportunities for job creation and economic growth, tuition is not affordable for the average American household which in effect, prohibits students from taking opportunities like going to college in the first place.
Living where we live, you begin to comprehend that living off of $11.00 per hour including with your family will never suffice your needs. Getting a college degree can ensure the graduate a higher chance of being able to earn more financially. In the article “Why College Isn't And Shouldn't Have to be For Everyone” by Robert Reich, he states that “A degree from a prestigious university can open doors to elite business schools and law schools-and to jobs paying hundreds of thousands, if not millions. ”Even though Reich’s article is on the opposing side of the argument, he fails to overlook the fact that in the long run having a college degree will, and can open doors to many new opportunities. One of those opportunities is to be able get a well paying job that can earn more than the average non college graduate.
Forgiveness programs can be lifesavers for borrowers drowning in student loan debt (Snider 1). However, jobs for recent grads are harder to find and salaries are lower, but that won't last forever; in spite of all of this, the data make clear that getting a college education is still a good idea. College graduates earn more and are more likely to have a job in the first place, and is especially important for some Americans (Webley 2). According to the Bureau of Labor Statistics in 2010, the unemployment rate was 9.2 percent for those with only some college and more than 10 percent for those with just a high school degree, but it was 5.4 percent
For these reasons, college is not as beneficial as it is played out to
College, college, college...that’s all most high school students are worried about these days. But is college really worth the cost of money and time? A degree is a wonderful thing to have, however most students and parents are contemplating if college is actually worth the struggle. Going to college is worth the time, money, and work. Even though finances are a big problem for students, financial aid helps miraculously, and while attending college a person becomes more educated, as well as receives better opportunities.
If you’re neglecting college because of its expenses, then you should listen up. There are some people that believe college is a waste of money and it’s not worth the money, but I disagree. College is definitely worth the money. You’ll be working at a lofty paying job and you won’t regret your decision of going. Furthermore there is a sizable gap between the amounts of money weekly, there is also an immense gap between the unemployment rates, and lots more reasons.
This aspect made me wonder what the value of going to college is. I am in college myself I have worked at grocery stores and restaurants not making much money at all. My husband who dropped out of college is a carpenter he owns his own business making far more money than I do and will continue until I get my degree. He worked his way up the ladder starting at the bottom working under other individuals until he went out on his own. He is self-employed meaning if he does not go out and find jobs to make money the bills do not get paid.
As a High School Junior looking at jaw dropping tuition prices, my family and I often ask ourselves a question I’m sure many other American households are challenged with: Is a college degree actually worth it? Once you look past the recent unemployment rate for college grads, you’ll find that a college degree proves to be highly beneficial once placed in a career. Degree holders often enjoy benefits such as higher pay, higher-skilled work, and an intellectual advantage over their coworkers that do not have a degree. These benefits often outweigh the seemingly outrageous cost of college, making the price tag more than worth it.