Is a College Education a Good Investment?
Every spring, some high school seniors and their parents are anxious about college admission decision letter. Those students want to know where they will be for college. The other high school students aren’t going to college. They are trying to find jobs. People make different decisions, but is a college education a good investment? As we can see, many people are trying to get in college, and their salaries are more than who didn’t go to college. The returns from having a college education are worth the time and money investments. There are many benefits if one decides not to get a college degree. You can get a job to make money. Jobs can give you professional networking opportunities and working experience, and an early exposure to skills you need to survive in a competitive market. With the money you make, you have more monetary resources to enjoy life. If one decides to go to college, there are a lot of sacrifices. You not only need to pay for college-related fees and spend years completing your college education but also miss job opportunities and the monetary rewards from working. On average, a high school graduate’s annual salary is $33,000. Assume your college education takes 4 years to complete with the tuition of $12,000/year, there is a balance of $45,000 difference per year, which totals to a $180,000 during your college education years! Of course, there are plenty of benefits by not going college. However, obtaining a college education opens many doors of opportunities for you. Generally, a job with higher pay requires a college degree. On average, a person with a college degree has the starting salary of $46,000. That is $13,000 more than a high school graduate every year. Going through college helps you gain knowledge. This knowledge can help you prepare for future work. For example, if you are a pharmacist, you need to know whether adding chemicals to new medicines will affect the human body....
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