Benefits of College Education

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In the current society, college and tertiary education is a necessity. With the advancement of science and science, it is believed that basic education is not adequate to cope with the current trend around the globe. We have been conditioned to essentially believe that for one to succeed in life, higher schooling is an essential element. In fact, a saying was developed pronouncing “if you think education is expensive, try ignorance.” However, university education comes with a price. It is ironical that in the recent years, students have been paying a lot of cash to attend college, but earn less upon graduation. Still, advancement in science and use of computers to do almost everything has made has left most graduates unemployed, even after paying more to earn a college education. These trends have led to people question the worth of spending a lot of money for college education. Observers have questioned whether benefits of a college education still outweigh its costs.

People go to college because it is not an option but because it is a requirement. Most guidance counselors and parents pressure high school seniors to go to college, at whichever cost, because it is “the right thing to do.” Some cases have been reported of students going to college because they were forced to, and for them, it is a matter of waste of time. Some students have different ideas on which direction do they want to lead their lives and what they want to do. However, because those who are in charge know what is best for them, they probably end up pursuing a college degree or course which they did not want to do resulting in disappointments and misery. In such cases, it appears to be a waste of money and resources to attain a college education. The cost of going to school is not worth the benefits. Still, in a majority of the cases, significant benefits of having some college education have been seen, despite investing heavily in it against the lack of willingness of the learner.

An analysis by researcher and scholars on the economic returns of college education have shown benefits of a college education, from the graduate level to postgraduate level, outweigh the costs. The tuition fees and other expenses associated with college education such as accommodation and food have been on the rise in the recent years. However, the benefits of have remained to be high.

According to a new study by the Federal Reserve Bank of New York, a college education still tends to be a good investment despite the rising costs of tuition and falling wages for college graduates (Lucca, Taylor, and Shen).The economists, Jaison R. Abel and Richard Deitz in a study “do the Benefits of College education Still Outweigh the costs?” examine the costs, benefits, and returns of a bachelor’s degree and an associate’s degree. Their findings demonstrate that despite increased college fees, the benefits of both degrees have remained at about 15 percent for more than ten years. Jaison and Richard’s study also show that there are even more benefits for students doing technical courses such as engineering, math, computer sciences, and applied sciences.By contrast, the returns of those doing arts and related fields tend to be low Abel and Deitz). Nonetheless, every training received in college and college education, in general, has high positive returns compared to the costs spent to earn the knowledge.

The college education is worth an investment. Becoming a college graduate will result in earning more cash in whichever job environment one finds himself or herself. Most jobs in the world today require people with college degrees or at least some kind of college education to be precise (Carnevale, Smith, and Strohi). College graduates are therefore in a better position to quickly land a job within earning a degree. Self-discipline is a significant ingredient to becoming a successful graduate. Students who go to college cultivate good behavior, character and social life skills which they can use in their places of work and earn reputation. They thus stand a high chance of getting promotions and salary increases. It is also worth noting that people with degrees have twice the annual median income than those without degrees.

College education investment does not only lead to monetary benefits in the future but also social life benefits. A proper college education gives the learners the advantage of driving themselves in any direction they want their social life to take. In most cases, college graduates are healthier, happier and live longer(Merisotis).

It is believed that spending money to earn college education is worth because it makes you intelligent. Intelligence improves the quality of the lives of people. With a college education, a person acquires various necessities that it could be hard to get than when without the basic college education. Knowledge gained from college gives people a know-how on how to solve problems amicably and efficiently.

Another crucial benefit of a college education is that it gives students a socialization platform to make new friends. As stated before, the costs of going to college can be relatively high and have been on the rise. But it is worth it because meeting new people in various intuitions and making friends can be beneficial in the future life. Interacting with new people from different cultures helps learners to embrace diversity, and have a positive perspective of towards particular cultures.

Personal development is a critical dimension of human life than any other thing. The college setting and college education are vital in building up oneself to become a holistic person. The cost for a college education can be high, but it cannot be comparable to the benefit of acquiring some of the essential life skills. Not all abilities are connected to training and specialty in a specific field of study. Others are equally fundamental in leading a quality life. Some of the skills obtained through college education include excellent written and verbal communication, critical thinking, the realization of passions, a greater sense of discipline, and sense of accomplishment and self-actualization.

In conclusion, a college education is quite expensive. Many people invest a lot of money to go to college and acquire some knowledge. Despite the high costs of college education, the benefits are many, and everyone should sacrifice and get means of obtaining it. People who have gone to college and attained education realize the quality of life and have a bright future. From the various studies, research and evaluations done, it can be observed that the benefits of a college education still outweigh its cost.

Works Cited

Abel, Jaison R and Richard Deitz. "Do the Benefits of College Still Outweigh the Costs?" Current Issues in Economics and Finance 20.3 (2014): 1-12. 22 November 2017. <https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci20-3.pdf>.

Carnevale, Anthony, Nicole Smith and Jeff Strohi. Recovery Job growth and Education Requirements through 2020. 26 June 2013. 22 November 2017. <https://cew.georgetown.edu/cew-reports/recovery-job-growth-and-education-requirements-through-2020/>.

Dewsbury, Bryan M. "Debating the Role of Higher Education in Society." Journal of Microbilogy and Biology Education 16.1 (2015): 96-97. 22 November 2017. <https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4416521/>.

Lucca, David O, Nadauld Taylor and Karen Shen. "Credit Supply and the Rise in College Tuition: Evidence from the Expansion in Federal Student Aid." Staff Report. 2015. 22 November 2017. <https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr733.pdf>.

Merisotis, Jamie. Want to Be Happier and Healthier? Then Go to College. 15 October 2016. 22 November 2017. <https://www.huffingtonpost.com/jamie-merisotis/want-to-be-happier-and-he_b_8288354.html>.

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