Value of a College Education 2
Value of a College Education
In today's society, the value of an education has taken on a whole new meaning. There have been many studies done on the subject and in each such study, the good far outweigh the bad when it comes to furthering ones education. The nation has gone to one of farming and agriculture, to the industrial revolution. Now, in the twenty-first century, the ever-changing computer technology industry dominates the workplace. In order to keep up with this technology, the need to further ones education is in a much higher demand. Employer's have gone from," what have you done in past," to," what have you done for me lately." A paper education can almost assure someone of making more money in their lifetime than that of their peers whom do not seek out education beyond high school. The adventure of earning a college degree can not only mean earning more money in ones lifetime, but also living a more meaningful, and usually, healthier life..
Growing up, most young people have dreams of graduating from high school, going to college, getting married and living a long happy life. The reality of this is that while ninety percent of young people graduate from high school, only sixty percent go on to college (U.S Census Bureau, July 2002). From those that attend college after high school, only a percentage of those actually attain a degree. Some say that money is the root of happiness, while others will argue that love is all it takes. Well, love never paid the bills. The benefits of earning a college degree go well beyond just the simple fact that more money will be earned in a lifetime. When someone earns more money, they are able to provide a better quality of life for their family. With the divorce rate of 3.8 per 1000 in population in the United States (U.S. Census Bureau, July 2002), money is one thing that should not get in the way of living a meaningful happy life with loved ones. Think about this. If a person has a job where they can work fewer hours, and make the same, and in most cases more money at a particular job, they are going to be able to spend more time with their family. By spending more time with their family, the children are going to be better nurtured and cared for. Value of a College Education 3 Being allowed more time away from work also allows for more leisure time to pursue other activities which can make life much more meaningful. It is not to say that earning a college education is the only way to have a happy life, or make more money in the long run. There are plenty of other ways to go about attaining the American dream, but one sure way of assuring that there will be more opportunities to earn money is to go to college and get a degree.
While living a more meaningful life is one of the top three reasons to attend college and earn a degree, making more money in the long run is the number one reason young, and not so young adults, make the decision to go to college. According to information released from the United States Census Bureau, people with a college education earned on average about $51,000 a year, while their high school graduate counterparts only averaged $28,000 per year(U.S. Census Bureau, July 2002). Going back to the Economic Report of the President in 1996, males twenty-five or older with a college degree earned about eighty-nine percent more than those with just a high school diploma(Economic Report, 1996). Quite similarly, women who earned a degree earned seventy-four percent more than those that did not(Economic Report, 1996). According to 2000 census data, the average earnings of an individual with a bachelor's degree was between seventy-four to eighty-seven percent higher than that of high school graduates(U.S. Census Bureau). Over the span...
References: The Big Payoff: Educational Attainment and Synthetic Estimates of Work-Life Earnings. http://www.census.gov/prod/2002pubs/p23-210.pdf
1996 Economic Report of the President . http://www.gpoaccess.gov/usbudget/fy97/pdf/erp.pdf
The Value of Higher Education: Individual and Societal Benefits.
Why College? Private Correlates of Educational Attainment, Postsecondary Opportunity, Number 81, March 1999.
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