The Value of College Education

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Abstract

In this research paper, I will discuss what the value of a college education means to me. A higher education will give me many physical benefits such as economic stability, a better quality of life for my family, more career choices, better job security, set a good example for my children; at the same time, a college education will also give me many intangible benefits such as boosting my self-confidence, helping me to learn specialized knowledge, thinking critically, bringing me in contact with different people, learning better communication skill and being part of a team. It is something that will serve me well throughout my career and life.

So what is the value of college education to me? After I sat down and took some time to carefully consider what a college education meant to me, I came to the conclusion that a college education offers many short-term and long-term benefits to me. The value of a college education should not be underestimated. It is something that will serve me well throughout my career and life. A college education will give me many physical benefits such as economic stability, a better quality of life for my family, more career choices, better job security, set good a example for my children; at the same time, a college education will also give me many intangible benefits such boosting my self-confidence, helping me to learn specialized knowledge, thinking critically, bringing me in contact with different people, learning better communication skills and being part of a team.

Physical Benefits

Better Economic Stability

One of the definite benefits that a college education can give to me is better economic stability. I believe in this popular saying, "Money can not buy everything, but without it, one can not buy anything". So forgive me being so corny, I need money to get most of the things that I want in my life. Although getting a college degree will cost me a lot money and time, it is a very good investment in the long run. According to a new report conducted by researchers at the Georgia Institute of Technology on higher education among the recent graduates of the University System of Georgia:

A college degree is worth an average of $14,000 a year more than a high school graduate could expect to make. Over the course of a working career, the average graduate of a public college or university in Georgia can expect to earn nearly $1 million more than a high school educated neighbor. (Payne, 2003, para. 1)

In addition, according to another study from the U.S. Department of Commerce, "Adults age 25 to 64 who worked at any time during the study period...Average earnings ranged from $18,900 for high school dropouts to $25,900 for high school graduates, $45,400 for college graduates, and $99,300 for workers with professional degrees". (Bureau, 2002) I understand that having a college degree will not guarantee me a fabulous job, but all the studies show that it will definitely help me to find a better paying one.

Exception

On the other hand, it is true that a person can succeed without a college degree. Bill Gates is a very good example. He dropped out of Harvard, taught himself everything about computers and founded the world's largest and most successful computer company, Microsoft Corporation. However, Bill Gates is the exception, and only a few people like him can succeed without a college degree. In fact, Microsoft is one of well-known corporation that recruits heavily at some of the top Computer Science schools, and one is required to have a college degree to become the a Microsoft Corporation's executive officer.

Better Quality of life for My Family

With a college degree, I will be able to provide a better quality of life for everyone in my family. I will more than likely be able to find a job with better health insurance. Recently, my husband was found to have a chronic illness. There is no way that we can pay off all the medical bills by ourselves, so my...
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