With the cost of college rising, many have asked a central question: Is a college education worth the cost? The answer, when looking at the information gathered from a number of surveys, is definitely yes. The central factor that makes college--even at inflated prices--worth it is the ability of graduates to enter higher work “zones,” as defined by the U.S. government. The lower work zones pay the least and are filled primarily by non-college graduates. The highest zones provide the highest incomes and are filled primarily by college graduates. As long as a students is able to borrow minimal funds ($20,000), college easily remains a worthwhile value. (Draeger, 2009)
It is critical that low income students meet the need for higher education by turning to grants/loans. Many states are working on implementing initiatives to insure low-income students prepare for the real opportunity of college. The message from the financial aid community to the students is to graduate with as little debt as possible. It is important that students do not forgo their postsecondary education for fear of future debt burden (Draeger, 2009).
College is still worth the price of student loan debt. Students should not fear the shadows of debt, but instead to consider their education will yield a higher income and will continue to grow for years into the future.
Justin Draeger. "College Is Still Worth the Expense." At...