Is College Really Worth It?
With the increasing college fees and seemingly hard to get jobs, graduates are left to wonder if it is really worth it to go through college education just to complete their studies and suffer the wave of unemployment. According to Vedder, Denhart, & Robe (2013), it is hard for fresh college graduates to secure better paying jobs in the United States and they end up underemployed. Despite the fact that getting acknowledged into a decent college marks an extraordinary beginning, students ought to be inspired, skilled, and innovative to make worth of the expenses. College education is extremely valuable to individuals from multiple points of view thereby making it more than a choice or benefit, but instead a need for a brighter future. This paper explicates a research proposal that seek to find out why students should find college worth their time and other resources.
According to the Federal researchers’ findings in collaboration with data from the Census Bureau and the Bureau of Labor Statistics about 40 per cent of college graduates end up working in jobs that do not even require a college degree (Abel, Deitz, & Su, 2014). However, similar research unveiled that a highest percentage of graduates acknowledge the importance of going through college. This triggers the motive behind me carrying out this research in order to find out the answers to the general and other specific questions in relation to the worthiness of college education. The questions that the research will seek to answer include:-
- General question
- Is college really worth it?
- Specific questions
- Is it the cost or value of education that is greater?
- How does student loan affect them?
- Who exactly should pay for college education?
In the contemporary society, kids have by all intents and purposes raised and adapted to trust that they require advanced education in a bid to make the end goal of securing a successful future become a reality. Oreopoulos & Petronijevic (2013) explain that, in spite of the ever-growing field of innovation coupled with the continuous progress in computer technology that are running or moving on anything, college education and training still remains essential across the board. That is, despite the fact that there are numerous individuals that have never set their foot in or experienced school and yet they are showing improvement over individuals who have their graduate degree, there exist perspectives from both sides that contain a substantial argument. Oreopoulos & Petronijevic (2013) explain that, there are thousands of public and private colleges that offer numerous degree programs across the United States and abroad. Surprisingly, only about 56 per cent of students earn college degrees in a period not exceeding six years. The question is where are the remaining 44 per cent? While there may be several answers to this sort of question, one answer is for sure- college dropout accounts for the highest number of such kind of statistics for various reasons.
Notably, there are some students who qualified to join college but due to certain reasons, they did not attend. Though some choose not to attend college on the pretext that it is all a waste of money and resources since there are numerous people who have made it without college degrees. However, the big question is, which one is greater than the other between the cost and value of college education? Certainly, the value of college education is greater and according to Pew Research report, most college graduates now in the corporate world acknowledge the fact that college education was worth it. That is, Bennett (2013) explains that, about 98 per cent of college graduates working and earning handsome figures agree that their families’ investment into college education was worth it because the degree had paid it off.
Nevertheless, graduates who had huge financial constraints but benefited through student loan still find it hard to balance their loan repayment with other necessary expenses as they fend for their families. As such, some are even scared to apply for the loan and later on failing to secure jobs to help them repay the debt (Avery & Turner, 2012). Therefore, because of this effect, it is suggested that the government ought to take full responsibility to pay for college expenses in a bid to encourage as many students to pursue different careers as possible for their own future benefits in life. Otherwise, students will continue to suffer from huge unemployment due to lack of motivation, skills, and inspiration to live a positive life after college education.
I will begin this research by looking exactly into the figures and fact that describe the cost and values of higher education and making an essential comparison between the rising prices of education to the graduates’ salaries as it stands in the contemporary corporate world. Moreover, the research will also seek to find out the effects that student loans have on students who after graduating will have to continue paying these loans independent of the type of employment they are in. Finally, I will look into the financial payoff that college graduates get from their education in comparison with their counterparts who did not attend college and therefore do not have degrees (Vedder, Denhart, & Robe, 2013). I shall be able to obtain all these data and information though multiple sources and methods of study including web searches, interviews, and questionnaires where possible. Web searches are a reliable source of published literature to support claims with regard to the research topic. On the other hand, I shall conduct face to face interviews with relevant subjects to obtain fast hand information to support my claims. Where possible, I shall use questionnaires containing open ended questions and handle them with confidentiality for purposes of validating my claims as far as the research topic is concerned. I choose these methods because I believe they are cheaper and reliable and will save my time in order to meet the deadline as and when it falls due.
Education is and will always be the key to opening almost all the doors and windows to numerous great opportunities for many individuals across the globe. Despite the rising cost of college education, individuals are still determined to support their children through thick and thin in order to pursue their academic goals and careers. This paper clearly unveil that college education is worth pursuing despite the rising cost because its value is far much greater than the cost in the long run. Conducting this research will help in answering several crucial questions that will help in making key decisions among parents, students, and the government alike for the best outcome that will make the future better for the coming generations.
Abel, J. R., Deitz, R., & Su, Y. (2014). Are Recent College Graduates Finding Good Jobs? Social Science Research Network .
Avery, C., & Turner, S. (2012). Student Loans: Do College Students Borrow Too Much—Or Not Enough? . The Journal of Economic Perspectives , 165-192 .
Bennett, W. J. (2013). Is College Worth It?: A Former United States Secretary of Education and a Liberal Arts Graduate Expose the Broken Promise of Higher Education. London: Thomas Nelson Inc.
Oreopoulos, P., & Petronijevic, U. (2013). Making College Worth It: A Review of Research on the Returns to Higher Education. National Bureau of Economic Research .
Vedder, R., Denhart, C., & Robe, J. (2013). Why Are Recent College Graduates Underemployed? University Enrollments and Labor-Market Realities. Center for College Affordability and Productivity , 1-38