Everrising cost of college education means that many people are questioning whether a college degree is worth it. Prospective college students often consider whether paying high tuition and taking on student loans is worth it. Students from financially disadvantaged families may find it difficult to decide whether they want to attend college.
Before you decide whether you want to go to college, it is a good idea to evaluate whether getting a college education is worthwhile. First of all, you need to decide whether you want it all. In case you don’t need it, it will be just a waste of time and a lot of situations with extra expenses. Like ones when you need to buy essay online because you are so not interested in writing your own.
So, what are they, pros of having a college degree?
The Economic Value of Higher Education
College education is often worth the cost. While wages for college graduates are not likely to vary much until they have gained years of work experience, college graduates typically earn more during their working lives that those with only high school diplomas.
A college degree will help you earn more money throughout your working life. The majority of students currently enrolled at universities and colleges are from public schools. These schools are less expensive than private schools.
Although college degrees can be costly, college graduates are more likely to make more in their lifetimes than those who don’t finish college. Consider the high cost of college as an investment that will pay off in later life.
Higher Education Levels Lead to Increased Earnings
Average earnings for those graduating with a bachelor’s degree were $45,400 annually, and $99,300 annually for those who successfully completed graduate programs. There is a correlation between higher earnings and higher education.
Work experience is another factor that can affect wages. Part-time or seasonal workers earn less than full-time workers who work year-round. This survey found that over 70% of workers were full-time when it was done. Different groups have different full-time employment rates. People with college degrees are more likely than people without high school diplomas to work full-time. Because many women stay at home to raise their children, more men are employed than they are women. No matter how much experience a worker has, those with more education tend to earn higher annual salaries.
It is best to assess the earnings projections from full-time worker statistics year-round in order to gain a better understanding of the labor market. In 2015, college graduates earned on average 56% more than high-school graduates. The average high school graduate earned 40% more than those who have less than a high-school diploma.
The increasing demand for skilled workers in society explains the trend of higher wages that is correlated with higher education. The oversupply in skilled workers meant that wages for college graduates stagnated during the 1970’s. Technological advancements in recent years have led to a large demand for skilled workers. This has led to higher wages for educated workers. For less educated workers, the trend is opposite. Wages for those without college or high school education have declined because labor unions are less influential than they used to be.
Over one’s life, earning differences due to educational attainment will compound
The estimated lifetime earnings of workers with different levels of education give an indication of the wage disparities between those with and without college degrees.
Based on lifetime earnings projections, full time workers who have only a high school diploma are expected to make nearly $1.2 million over the course of their 40-year career. For those who do not have a high school degree, the projections are close to $1 million. Workers who have earned some college credit, but not graduated, are expected to make $1.5 million over the course of their 40-year career.
Graduates from associate’s programs will make about $1.6 million. The highest earnings are expected to be made by those who have completed either four-year or graduate programs over a 40-year career. Bachelor’s degree graduates are expected to earn close to $2.1 million dollars while master’s degree holders are likely to earn just over $2.5million. Individuals with PhDs are expected to earn approximately $3.4 million during their career, while professionals such as lawyers and doctors will make around $4.4 million.
This research shows that workers with more education tend to earn more in their working lives than those with lower education. Investing in education often pays off in the form higher wages later in life.
Additional Benefits of Higher Education
Graduates of college have many other benefits, besides higher wages. Many college graduates love the freedom to work wherever they like, enjoy more leisure time, and live with a higher standard of living. The greatest benefits of a college education can be experienced while in school. Students are able to explore different cultures and learn new topics. Students are introduced to theories and other unfamiliar ideas that they may not have learned about in college.
Research shows that college graduates are more likely to lead healthy lives. College graduates’ children often learn about healthy eating habits and how to exercise. This improves the quality and life expectancy of college graduates and their families.
The social value of higher education
Research has shown a correlation between college education and higher morality. Research has shown that college-educated mothers spend a lot of time teaching values to their children and educating them. Dissertation writing services deal with a lot of students and they are constantly feeling the different life approach of ones who studied the whole cource. Those people are better at analysis and decision-making.
Higher education has a positive impact on society in general. Higher education has many benefits, including higher tax receipts and increased public awareness on important issues.