The Importance of a College Degree

Higher education’s importance cannot be overstated in today’s technological and scientific environment. However, rising tuition rates have many questioning the value of further education. People, especially those with little income, worry that if they choose the wrong career, they won’t be able to repay their student loans.

The cost of attending a university or college can be rather significant. As much as $38,000 a year can be spent on tuition alone (Landmark College, Prutney, Vt.). Then there’s the expense of living, literature, and other supplies. As a result, earning a bachelor’s degree might cost upwards of $200,000! And it’s a lot of money.
Aside from Landmark, private school tuition isn’t much less expensive than attending a public university.

It is cheaper to attend a public university than a private one. A full-time student at a public four-year college will pay, on average, $8,700 a year in tuition, lodging, and board, according to a report released by the U.S. Department of Education.

Are there any advantages to obtaining a college degree? As reported by the U.S. Census Bureau, high school graduates make an average of $1.2 million throughout their working lives, while those with an associate’s or bachelor’s degree earn an average of $1.6 million. As you can see, the cost of a college degree is definitely worth it.