The Importance Of College

In today’s society, it has been found out that college graduates have a hard time seeking a job and end up with a sky-high student debt. This reality then poses a question, is going to college worth the time and money? An essay in the New York Times published in May 2014 entitled, “Is College Worth It? Clearly New Data Say,” by David Leonhardt states, “For all the struggles that many young college graduates face, a four-year degree has probably never been more valuable” (33). In his essay, Leonhardt sets the stage by describing the struggles a college graduate might have such as student debt, no work after graduating, and accepting jobs they feel overqualified.

Adam (2012) acknowledge that the majority of the public felt that getting a college degree was not a good value for money (p. 2). “For example, 57% of those surveyed said they did not get good value for their money with higher education, and 75% said that college is too expensive for most Americans” (Adam, 2012, p. 2). There is interesting tension in the publics opinion in regard to college. Many college presidents have noticed a number of trends in higher education, especially the rise of student loan debt. “In addition, the majority of presidents (52%) said that college students study less now than they did 10 years ago” (Adam, 2012, p. 1).

According to the authors, “(...) Americans are applying for college is that by a variety of measures -as alluded above- workers with college degrees earn more money than those with only high school diplomas” (pg 75). I find this information valuable because students can pay off their debt with the high income job they will receive. The authors also state, “ (...) a mean annual wage for an electrician was almost $53,000 a year, but a master electrician can earn an excess of $100,000 per year” (pg 80).

“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.

Is college worth it? Recently people have debated endlessly over this juggernaut of a question. Whether it's worth the debt and the added 4 years of stress and insanity when discovering the perfect future. There are many antagonistic claims that prove each other wrong but in the long haul college offers loads of added benefits that come into play when looking for a steady high paying job. Therefor proving that college is worth it because graduates tend to make higher salaries and prove to be more employable than those lacking a college degree.

Most of my friends who are currently in college have between 5000$-20.000$ in federal and private loans. In many cases, besides for the loans, students have to work and study at the same time, which results in a stressful life for the student. In fact, many students are not able to finish their education because, since they can’t afford it, they have to work over their studies. Out of all the possible reasons to drop out of college, “the No. 1 reason many young adults drop out of college is an inability to juggle school and work” (Johnson). Finishing college is the most decisive forecaster of prosperity in the workforce and the inconsistency in college completion between children of rich and poor families duplicated since the late 1980s (McGlynn 55).

College debt is only increasing, “two-thirds of the class of 2011 owed 26.600.” According to Ellis of CNN Money, “the increase comes at a time when unemployment has remained stubbornly high for college graduates - 8.8% for 2011.” Most kids would rather party when they get out of high school then get a job, therefore students who have parents with steady jobs will have an advantage over the

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

Since tuition has risen 3 times higher the rate of inflation in the past 10 years, this increase a student’s chances of not being able to afford higher education and also gives them a better chance of accumulating debt post-graduation. Some people think that the college education they acquired did not fit the amount they paid for it, even if they pulled out loans or were an ideal candidate for a scholarship. This is a scary fact because higher education can determine if you thrive

According to Andrew J. Rotherham’s article “Actually, College Is Very Much Worth it. ”he states, “Meanwhile, 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 college graduates.” The data Rotherham provides shows that even with some college education, you have a higher chance of getting employed than those with just a high school degree. The one group that outweighs all the others is the college graduates proving that with a college degree unemployment is less likely to befriend people who do pursue college. Some people might say that there are loads of jobs that do not require a college degree, especially in this time and age.

Loans allow receiving a college education seem like a smoother process considering that such a hefty amount to pay is divided so that it can be paid for in moderation. Despite the fact that it’s split into many payments, it’s still a large quantity all in all so unless indebted students aim for high income jobs, there would many years of difficulty to come after college. For this reason, undergraduates make it their goal to go after jobs which would prevent them from being constantly pressured to pay off debt. Thus, student debt is both a crisis and a reason to encourage persistence towards greater ambitions (Hillman, 41). It is a tremendous thing when a student seeks to be financially comfortable or even rich in the future but not when it is for the wrong reasons.

Is College worth It Should you go to college ? Here 's some reasons why you should. Each year there are thousands of students enrolling into college hoping they will get in to study and learn about their dream job. Many colleges have been around for decades.

Society often believes college is a necessary experience for a better future, but I argue that the future will not be any better when student debt becomes a part of life for those who follow that mainstream belief. Most parents often dream of the great colleges and universities that their children will get accepted into; however, they fail to think of the cost to attend those institutions. Financial aids! Financial aids! Yes there are financial aids that students can apply to lessen the student debt.

Rising college tuition costs is an issue that hits close to home for many of us. Being a student, will always coincide with money struggles. During ones college search, numbers are all we are told to focus on. These numbers include ACT scores, GPAs, AP tests scores, and the biggest number of all, the cost of college itself. The rising cost of college has three main effects; debt through student loans, less people attending college, and an increasing number of college graduates moving back home.

With the weight of student debt on a person’s shoulder, they are less likely to be financially successful in the future. “Over the last decade, college-loan balances in the United States have jumped to an all-time high of $1.4 trillion, according to a recent report by Experian” (Dickler). With student debt increasing a person’s financial