College Degree Benefits

Great Essays
Brianna Binion
Anderson, Hernandez and McQuinney
ENC 1101
20 October 2016
What is a college degree really worth? Every year about “17.3 million students” decide to go to college to further their education ("Undergraduate Enrollment."). Many students believe that a college degree is a good investment, because it provides various opportunities to prepare for a future career. For example, in a recent survey, researchers found that “55 percent [of college students] mentioned [college] in preparing them for a job or career” ("ROI on a College Education."). However, in today’s economy, a degree does not guarantee a job. For some college graduates, a degree is nothing more than a piece of paper because they cannot obtain a job. As a result, the unemployment rate among college
…show more content…
36, no. 1, 2011, pp. 15-32 doi:http://dx.doi.org/10.1007/s11187-009-9173-y.
Quadlin, NY, and D. Rudel. "Responsibility or Liability? Student Loan Debt and Time use in
College." SOCIAL FORCES, vol. 94, no. 2, 2015, pp. 589-614doi:10.1093/sf/sov053.
Profita, Mike. "Tips for Finding a Job Abroad for College Grads." The Balance. N.p., 18 Jan. 2016. Web. 06
Dec. 2016. .
"ROI on a College Education." Journal of Financial Planning, vol. 24, no. 7, 2011, pp.
12 http://search.proquest.com/docview/878464233?accountid=10920.
Smith, Warren L. “On the Effectiveness of Monetary Policy.” The American Economic Review, vol. 46, no. 4, 1956, pp. 588–606. www.jstor.org/stable/1814284.
"Table A-4. Employment Status of the Civilian Population 25 Years and over by Educational
Attainment." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, 02 Dec. 2016. Web. 06 Dec. 2016. .
Tagg, John. "Changing Minds in Higher Education: Students Change, so Why can't Colleges?"
Planning for Higher Education 37.1 (2008): 15-22. ProQuest. 5 Dec. 2016
"Undergraduate Enrollment." National Center for Education Statistics. N.p., May 2016. Web. 06
Dec. 2016.

Related Documents

  • Decent Essays

    Burgans 1 Alyson Fulton Burgans Cassandra Hamilton Education 201 6 Oct. 2015 Journal Review Article Dietz, D. (2015, October 1). Students with huge loans wonder if college was worth the cost. Register Guard, The (Eugene, OR). The article, “Students with Huge Loans Wonder if College was Worth the Cost,” by Diane Dietz, explains that many students are drowning in debt.…

    • 214 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    College may not be a fruitful investment for some. Although the average return on investment of a college degree is mostly positive, it is not a fact for all cases. All values of education will differ. Owen and Sawhill claim that by telling people they should go to college no matter what, we are possibly doing them a more harm than good. Owen and Sawhill state that studies suggest that “the return to an additional year of college is around 10 percent”, but they express how there are other factors to consider.…

    • 1760 Words
    • 8 Pages
    Improved Essays
  • Improved Essays

    As each individual is different, the choice to pursue college may not actually guarantee success for every person. In “ The Case Against College,” Linda Lee touches on this issue.…

    • 882 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    College’s perceived worth varies between person, with many discouraging students to attend because college graduates are often left unprepared and debt-ridden. Hrabowski in “Colleges Prepare People for Life” disagrees with the notion that college is worthless. H, as well as Glassner and Schapiro, points out that the possession of a college degree is a sort of job security; college graduates are more likely to be employed than those with simply a high school diploma. This concept is one that Murray also recognized when he noted that employers value only that an applicant has a degree, not really what they learned to receive their credentials, which Murray also equates with “first-class citizenship.” The purpose of college is at the core of this debate; Hrabowski touches on it briefly, warns that so…

    • 425 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Those that graduate college not only have a better quality of life, but also receive higher pay and have a higher chance of getting a better job. Although in the past decade the average wages for college graduates have risen only 1%, the wages for those without a college degree has decreased 5% (Leonhardt). On average, those without a college degree are paid $16.50 per hour and those with a degree earn about $32.60 per hour (Leonhardt). Also according to Leonhardt, those with ¨four-year degrees made 98 percent more an hour on average in 2013 than people without a degree.” Unemployment for individuals between 25 and 34 with a bachelor´s degree was only 3% (Leonhardt).…

    • 563 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    In the passage “The Imperiled Promise of College” written by Frank Bruni has also pointed out this argument, stating that college is no longer a guarantee for the success of career. In the passage, Bruni quotes the data provided by the Associate Press, pointing that about 53.6% of college graduates under the age of…

    • 1215 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    These staggering numbers indicated many students’ debts can never be forgotten, so they must pay off working as waiters or clerks. In other words, a college degree is rather likely to guarantee the students debt than a well-paying job, and going to college can seriously put anyone in a great deal of debt that she or he will definitely pay off for the rest of her or his…

    • 874 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Increase In Student Debt

    • 104 Words
    • 1 Pages

    Student debt has increased dramatically over the past several decades. The aggregate volume of new student borrowing loans has increased over the past 20 years. In 2012-13 students borrowed over $110 billion for higher education. One basic reason for the aggregate increase in student debt is that there are more students in higher education. Enrollment has increased 62% over the past 20 years, from 9.8 million full-time equivalent students to 15.9 million.but according to enrollment growth, it makes us wonder about the unexplained student loan debt growth.…

    • 104 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    College is worth the cost because it increases a person’s chances for employment. Many Times, a college degree can be important for obtaining a proper job. Not only is a person with a college degree more likely to get a job they like, but they are also more likely to get any job at all. Unemployment rates are higher for people without a college degree. According to the Article “College Graduates Fare Well in Jobs Market, Even Through Recession”, ”In 2011, the unemployment rate for people in their 20s with at least a bachelor’s degree was 5.7 percent.…

    • 1455 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Ozimek cuts back at David by arguing that not everyone needs to go to college. He stresses that evidence doesn’t support David’s article. He continues to give job examples for high school graduates. “College graduates from age 24-35 earned less than the average male high school graduate” (para 6). It is very obvious that these authors don’t come to agreement about much.…

    • 1582 Words
    • 7 Pages
    Improved Essays
  • Superior Essays

    Cost Of College Essay

    • 2132 Words
    • 9 Pages

    In the past 30 years, the cost of college has increased enormously. However, during the same time period the percentage of hours worked by college graduates in the job market has increased from 32% to 50% (Autor). This leaves many students asking themselves “is college still worth the high costs?” To answer this question, we have to look at what we mean by the worth of college. The worth of college is simply a comparison of its value to the costs associated with it.…

    • 2132 Words
    • 9 Pages
    Superior Essays
  • Improved Essays

    College: To Go or Not to Go? Stephanie Owen and Isabel Sawhill unveiled the constructive and adverse features of obtaining a college degree in the article, “Should Everyone Go to College?” “A bachelor’s degree is not a smart investment for every student in every circumstance” (Owen and Sawhill 222). The author’s stress to their audience that college is not for everyone and…

    • 1115 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Hanford, Emily. " The Value of a College Degree. " The Value of a College Degree. American Public Media, n.d. Web.…

    • 1631 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    We view “college as a job” that gives substantial earnings returns to a college degree, irrespective of occupation, whether an individual is an insurance agent or a rocket scientist. This is not true because there are people with high degrees, like a PhD or a computer programmer, who have lost their jobs to layoffs. So having a college degree does not guarantee “substantial returns,” as Richard Vedder summarizes in his article, “For Many, College Isn’t Worth It." Vedder thinks the Bureau of Labor Statistics (BLS) are fairly accurate and that college is not worth it for everyone because we are all created differently. An impartial understanding of the information is that school is justified, despite all the trouble, for some huge number of youngsters, but is a significantly more financially dangerous…

    • 1046 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Essay On Student Debt

    • 1075 Words
    • 5 Pages

    Student loan debt has increasingly become an issue, not only for those who have acquired it and must deal with it, but also for the economy. To function normally in today’s society, pursuing a college education is a requirement for those who want a high paying job. With this decision, students also decide to take on large amounts of student loan debt and the long-term turmoil that it inevitably leads to. Student loan debt impacts students purchasing power which negatively impacts the economy. Over 42 million people owe $1.3 trillion in student loans (Rosato).…

    • 1075 Words
    • 5 Pages
    Improved Essays