How many times have you asked this question to yourself? As a young student, many of us have at least once questioned the importance of getting a college degree or pursuing higher education. When Pink Floyd sang “we don’t need no education,” it became a classic for a reason. The relevance of higher education is something that all serious students question at one point or the other. Steve Jobs, Bill Gates and Mark Zuckerberg were all college dropouts. If they didn’t need to go to college, do you?
Do you really need a college education or are you just wasting your time and money?
At the end of the day, it is completely your choice whether you want to invest in a college education. In this post, we try to figure out the benefits of getting a college degree.
Here are some to start with:
- A professional degree will fetch you a better job and better money.
- College graduates enjoy better job security than their non-graduate counterparts.
- A resume with a college degree is more likely to get an interview call than one without.
- It is easier to go to a regular full time college when you are a young student, rather than being forced to attend night school later in life.
- Having a degree will empower you and improve the quality of your life by better equipping you to handle day-to-day activities such as handling accounts for your family to managing finances or even planning ahead for retirement.
- It also brings in the intangible benefit of pride for you and the rest of your family members. A college degree will earn you a minimum level of respect by default.
While the average lifetime income of a high school dropout is around $1,102,120, a professional degree holder may earn around $5,612,760. According to the Bureau of Labour Statistics, the full time weekly earnings and salary of workers above the age of 25, as against their level of education is as follows:
- Professional Degree- $1665
- Doctorial Degree - $1551
- Master’s Degree- $1263
- Bachelor’s Degree- $1053
- Associates Degree- $768
- Some college (No Degree)- $719
- High School Diploma- $638
- Less Than High School Diploma- $451
You surely don’t need more proof than this to understand that education does pay. Employers pay more for your education and hire better qualified candidates. A college degree is definitely worth your time, effort and money. Rather than thinking of college graduation as just something you got to do, think it as an time investment for your future.
An investment makes sense only when there is a return which is equal or more than the amount invested. Not all degrees will get you more than you put in. Some degrees will give you better returns than others. Factors such as your aptitude for the chosen subject, the demand for professionals in the market, your academic performance and the college from where you graduate are all significant factors that influence the final outcome.
How to fund your college education
You may be convinced about the benefits of higher education, but college education can indeed be expensive. Here are a few options you can consider to fund your college degree:
- While you are searching for colleges, lick specifically for colleges and courses that have student friendly plans for the tuition fees.
- Student loans are also great. If you can spend some time researching your options, you may even get a tax-free student debt.
- Scholarships, grants and work-study programs are also excellent options to fund a college education.
So throwing up your hands in despair, if you can spend just a little time figuring out what the best options to fund your college education are, you will definitely be able to find one which suits your specific requirements.
Don't give up on a college education just because you have read about a few billionaires who have made it rich without the benefit of a degree. Consider a professional degree as a sort of a safety net. Nothing stops you from launching your own startup and becoming the next Bill Gates. A college degree is not going to prevent that. If anything it can only help.
Also if you're thinking about giving up on further education just because you think you may not be able to afford it, remember that there are several options to fund your education. Federal aids, state agency aids, and individual college scholarships are available for deserving students.
A college degree is definitely worth your time and money. But remember that it is just like anything else - a mere tool in your hands. What you do with your college degree is entirely up to you.
About Guest Author: Article written and published by Sun Maag. Visit CollegeInfo.com for college & university information and to find online & campus schools.