Many people believe college is well worth the expense. Those with a bachelor's degree earn almost double what workers with a high school diploma make. According to the Bureau of Labor Statistics, the average salary for a high school diploma worker is $38,792. Comparatively, average workers with a bachelor's degree make $64,896 a year. Another reason is a survey done in 2020 by the Association of American Colleges and Universities found a growing number of individuals stating college is a good investment. 87% of college graduates cited college as "probably" or "definitely" worth it. 77% of workers with a post-graduate degree and 60% of workers with a bachelor's degree believe their jobs give them a sense of identity. Compared to only 38% of those working with a high school diploma.
Research shows that students don't attend college after high school because college is too expensive, and they don't want to go into debt. 62% of college graduates from 2019 left school with an average balance of $28,950 in student loans. Over the past decade, college costs have increased by more than 25%. In 2012, 58% of the students who graduated with a bachelor's degree attended college for six years rather than four years. Attending college for more than six years can rack up your debt, and it will take a while to pay that off. However, many alternatives, such as trade schools, boot camps, and community colleges, can get you a degree for cheaper.
College is well worth the expense. The minimum educational requirement for most jobs is a bachelor's degree. Despite the high cost of tuition, a college degree will give you more financial stability. Workers with a bachelor's degree earn a median of $1,334 weekly. Students can pay $280 monthly to pay off their debt in ten years or less.
Do you think college is beneficial?
Do you plan on attending college? If so, what for?