Friday, September 24, 2010

Value of College Degree is Growing, Study says.

Ashka

Posting number: 1

Education

“Value of College Degree is Growing, Study says.” by Tamar Lewin

New York Times. Sept 21, 2010

1 page 541 words

In a recent study conducted by College Board, it turns out that college really does help in the long run. Because the cost of higher education has skyrocketed in the past years, many are debating if college is really worth the investment. Will it really pay off to invest in 4 years of costly education? The answer is yes. The report says that after around 11 years of work, college graduates’ will compensate for the four years in college. However the study shows that workers with a college degree earned much more and were much less likely to be unemployed than those with only a high school diploma. The median earnings of full-time workers with bachelor’s degrees were $55,700, which was, $21,900 more than workers that only graduated from high school. Among those ages 25 to 34, women with college degrees earned 79 percent more than those with high school diplomas, and men, 74 percent more. Even during the recession, a degree offered protection from unemployment. The 2009 unemployment rate of college graduates 25 and older was 4.6 percent, compared with 9.7 percent for high school graduates.

Conclusion:

Although the current recession is slowly decreasing, jobs are extremely hard to find. With that less families are making the income to sustain a child in a four-year college. However according to College Board, taking that chance will be worth it. College graduates will be hired because they will beat out the competition.

Opinion:

On the other hand, College Board is a company that thrives off of making test materials for college bound high school kids. It is only natural for them to back a college education in order to bring business. So it really comes down to the situation of each child. If a college education seems worth the investment and if the statistics are convincing enough maybe it’s the better choice.

6 comments:

  1. I do agree with the idea that going to college can give you a better chance in future developements, especialy at work. Because going to college not only states the fact that you are better-educated than the ones that didn't,it also suggested that you have a general goal for your future(which can be helpful in job-finding), and a strive to pursuit it(which can give you a better performance at work). Though there is a doubt that College Board is using these numbers o sustain the need of the general public to go to college, the idea they are trying to say is reasonable and convincing.

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  2. I believe and agree with the idea of going to college and getting the education that are provided would help you alot in the future, such as work. I hope even more people go to college, so that less people have to face the tragedy of unemployment.

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  3. I think that education is one of the most important investments in one's life. This is because the quality education that I am getting, and will get in college, will extremely help me in the future. One downside is that when attending college rates increase to the majority of the world, it will be challenging to choose who to fire during times such as recession.

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  4. I believe that going to a college definitely is a positive impact in one’s future. When people are educated and become professional at a certain subject, they are more likely to be accepted by various companies. In addition, increase in income can better support family members which can be a benefit in the long run.

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  5. I feel that college is a good thing but it also puts a lot of stress on students. Not only with tests and college apps but with peer pressure. Students that end up not making it into a four year school are some times frowned upon by their peers even though they could transfer to a great University (ie Foothill to Stanford). College is good and can help you but does it matter what school you go to or if you go at all?

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  6. College is so crucial for one's future. Every job application you fill out asks you for you college degree, and without this degree, you will be most likely left in the dust. College doesn't just provide a student with education but it also boosts their independence and social skills. Every teenager should go to college.

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