College Is Not Worth The Money
As the price of college continues to be on the rise, many are starting to question the benefits of a college education. They wonder if students are receiving relevant education. They wonder if student debts will leave the young adults of America scraping for pennies. They wonder if the stress of colleges will leave the new generation in a mental mess. They wonder: is college even worth it? New surveys and recent studies reveal a resounding yes: college is definitely worth the time and money required to finish it. College graduates make more money than non-graduates. The Labor Department statistics by the Economic Policy Institute in Washington shows that the wage gap between graduates of a four year college versus everyone
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On the contrary, colleges provide counseling and tutoring for students in need. For example, during dead week (week before finals), many schools provide puppies for the students to play with in order to relieve stress. Other sources complain that student debt/loans may make a family bankrupt. That is true; however, virtually anything can put anyone into debt if one does not take the time to pay for it. Furthermore, colleges provide financial aid and scholarships. The New York Times reports that in the long run, “the true cost of a college degree is about negative $500,000”. The journal of Science calculated this number by taking into account the cost of tuition and fees, the lifetime gap between the earnings of college and high school graduates, inflation, and the time value of money. Although this is number is not precise for all students, it’s still accurate. The Washington Post cites many studies that show that college is worth the money. For example, economists Orley Ashenfelter and Alan Krueger (he served as President Obama’s chief economist!) discovered that “people with one more year of schooling than their twin, earn, on average, 12 to 16 percent more”. The US Census Bureau shows that people with at least some college make $3,374 more than high school graduates per year; those with an Associate degree $8,194, a Bachelor’s degree $20,989; and a professional degree $58,697 (double!). College, no matter what amount you get, is definitely worth the money. Over a lifetime, this could mean millions of dollars of income that can only be achieved with a college
On the contrary, colleges provide counseling and tutoring for students in need. For example, during dead week (week before finals), many schools provide puppies for the students to play with in order to relieve stress. Other sources complain that student debt/loans may make a family bankrupt. That is true; however, virtually anything can put anyone into debt if one does not take the time to pay for it. Furthermore, colleges provide financial aid and scholarships. The New York Times reports that in the long run, “the true cost of a college degree is about negative $500,000”. The journal of Science calculated this number by taking into account the cost of tuition and fees, the lifetime gap between the earnings of college and high school graduates, inflation, and the time value of money. Although this is number is not precise for all students, it’s still accurate. The Washington Post cites many studies that show that college is worth the money. For example, economists Orley Ashenfelter and Alan Krueger (he served as President Obama’s chief economist!) discovered that “people with one more year of schooling than their twin, earn, on average, 12 to 16 percent more”. The US Census Bureau shows that people with at least some college make $3,374 more than high school graduates per year; those with an Associate degree $8,194, a Bachelor’s degree $20,989; and a professional degree $58,697 (double!). College, no matter what amount you get, is definitely worth the money. Over a lifetime, this could mean millions of dollars of income that can only be achieved with a college