So it is your senior year. You cannot wait to graduate and get out of this town for good. But what then? Are you just going to travel until you find a job that suits you and settle? This is not the 70s anymore. People cannot just go off on an indefinite road trip, as idyllic as it may seem. The economy will not allow it. You need a plan. And before you poo-poo the idea of going to college, consider your options and the consequences of not going to school.
- The Value of a College Education
Nowadays, people are going to colleges for education not because they want a leg-up against the competition in the working world, but because they want to stay level with that competition. Everyone goes to college.
A bachelor’s degree is the new high school diploma. Even though it is
According to the College Board, the unemployment rate for someone without a college degree is 10.3%, and 14.9% if you did not graduate high school at all. From a young age we are impressed with the importance of a college education. I remember asking my parents in middle school why I needed good grades, and the answer was so that I could one day get into college and get a degree.
But what is the value of college education these days? College education statistics routinely show that those who go to college make more than those who do not. The College Board reports that those with a high school degree make on average $32,000. Those with a bachelors degree make on average $53,000.
The truth is, the value of a college education is going to vary from person to person.
- It is as valuable as what
Since the mid 20th century, American youth have grown up being constantly reminded of the importance of a college education; and not without good reason. College education statistics show that college graduates earn considerably more over their lifetimes than those with only high school diplomas.
According to a 2011 study conducted by the Georgetown Center on Education and the Workforce, college graduates earn 84 percent more than high school graduates during their lifetimes. What makes this statistic especially intriguing is the fact that it comes at a time when the increasingly ludicrous cost of college tuition has many Americans questioning the value and importance of a college education.
The National Center for Education Statistics reports that the average cost of a four year public education was 15,9
In recent education quotes pertaining to country average spending, the U.S. spends more for education than any other developed nation in a study released by the Organization for Economic Cooperation and Development. Analyzing quotes on education spending in the same report for teacher salaries across nations shows that the U.S. is in the top spot there as well.
But, what does that spending get us? Despite the level of spending, the students in the United States frequently score behind other countries. Citing the educational quotes from the Federal Reserve, all consumer debt has declined since 2004, except for student loans, which have tripled. Again, we are outspending and over leveraging, but to what purpose? The graduate unemployment rate for the U.S. is currently at 14 percent.
Calls to improve our educ