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Is College Education Worth It?

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Nghi Doan
1*
5/13/14

Is College Education Worth The Price?

Many of our generation are starting to enter the years where they’ll be leaving the halls of high
school and preparing to enter the broad campuses of colleges and universities around the world. Everyone
has grown up for this moment. Our parents and teachers have built us up for this time in life. Everything
that we’ve done is to help us get into a good college. However, times have changed. College tuition prices
have been steadily increasing over the years, and the time has come to answer a question that cause
students to roll around in bed late at night, fretting about the thought: is college education worth the
price? There are many in the world that will say yes right off the bat--a college education will help you
get a job that makes money. Then there are others that think that a college education is not worth the
years of student debt that you’ll spend time after time slaving over to pay off. There’s a simple answer: it
all depends on what the individual truly wants--and that will decide whether the pocket cash will be worth
it all.
It is statistically proven that students who decide to pursue more education after high school tend
to land themselves a job that will provide them money. College and universities give you degrees, and
many high-paying jobs out in the world offer more salary for those carrying such degrees. According to
the statistics gathered by Pew Research Centre, College graduates aged 25 to 32 who are working full
time earn about $17,500 more annually than their peers who have only a high school diploma. It’s well
known that more education provides you more opportunities. It’s a harsh world, and it’s a known rumor
that businesses tend to veer more towards that interviewee with the nice looking diploma with the seal of
a university rather than that of just a high school seal. This means that those with college degrees are less
likely to be unemployed after graduating. College Board has gathered intel, reporting that in April 2013,
the unemployment rate for college graduates over 25 years of age was 3.6%, unlike the 7.5 % for only
high school graduates. This is why many parents encourage their children to continue onto college. They
want to see their kid succeed--the kid wants to succeed as well.
However, colleges are well-known for crippling financial situations. Statistically speaking, as of
2010, college graduates have left school owing about an average of $25,250 in student loans. That’s the
highest amount ever recorded. According to source Forbes, the average student that has used loans to pay
off tuition graduated in 2011 with $26,600 in debt. Even then, some of the degrees aren’t even useful. In a
recent analysis BLS data, it’s shown that an estimate of about half of all U.S college graduates that are
under 25 years old are either unemployed, working part-time, or working a job that doesn’t even require
them to have a college degree. The job market is tough waters to swim in. The competition out there is
high. It’s not so easy to just walk in and slap down a well-written resume, and there will always be
someone out there who’s done more than you. The situation seems bleak for students who face the
inevitable choice--to go to college, or to not go to college?
Simply put, there truly can’t be a yes-or-no response. In the end, it depends on the individual.
Should he or she consider to go on the path of the Big Three--business, law, or medical--then brilliant. Go
plow through eight more years of school. It’s still a risk--you’ll still have to find a job after you graduate
with that nice degree of yours, but the career you chose has given you a much better shot of finding one.
But if you can just cruise on by in life with a simple bachelor’s degree, take it. Just take a four-year
course that won’t cost nearly as much as a grad course. And if you don’t have to go to college at all, if
your career doesn’t even require a graduate’s degree, then don’t waste your time. All in all, your decisions
boil down to what you truly desire--not what your parents want, not what your teachers think. Everything
is up to you. You are the one who is walking down the road that leads to your future, nobody else. So why
should it be up to them to make the choice? Everyone has a choice in life, but it’s their choice to make.
Soon, it’ll be your turn.
Bibliography:
US News. U.S.News & World Report, n.d. Web. 26 May 2014.
"Is College Worth the Cost?" KQED Education KQED Public Media for Northern CA.
N.p., n.d. Web. 26 May 2014.
"Is College worth It?" The Economist. The Economist Newspaper, 05 Apr. 2014. Web.
26 May 2014.

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