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Chart from forbes. Emily Paulin , Opinions Writer February 8, Is it true? Despite the cost, a college education is valuable, sometimes essential, for success in our changing world. College graduates have many advantages over non-college graduates in the job market, and not just because they have a better education. According to the U. College graduates have less than half the unemployment rates as high school graduates, making their job security better. Additionally, the U.

Is College Worth The Cost For All Video

Is College Worth It? Re-Imagining Higher Education - Janine Davidson - TEDxMSUDenver Is College Worth The Cost For All

You might be using an unsupported or outdated browser. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Compare Thw Now. But is a college degree worth it? The cost of attending college has increased substantially since your parents were in school.

Here is what you need to consider when deciding if college is right for you. Even if you qualify for financial aidincluding scholarships and grantsthat price tag can be staggering.

Is College Worth It? | DaveRamsey.com

For many people, college is well worth the expense. Not only do you gain valuable life experience and make lifelong connections, but a college degree also offers the following advantages:. Despite the rising cost of post-secondary education, a college degree still pays off for the majority of graduates. Just how much more?

How Much a College Degree Costs

According to the Georgetown University Center on Coost and the Workforcetwo-thirds of jobs required a high school diploma or less before the s. Without higher education on your resume, it may be more difficult to find a high-paying job, and competition for available opportunities will be fierce.

With skyrocketing healthcare costs, having quality health insurance is essential for your well-being. However, purchasing health insurance on your own can be prohibitively expensive. What does that have to do with college? You may not realize it, but there is a significant correlation between college education and healthcare coverage.

College graduates are far more likely than high school graduates to have employer-provided coverage, offsetting their healthcare costs. Before attending college, make sure you consider the following drawbacks:.

Depending on your student loan repayment planyou could be in debt for 10 to 30 years. Thanks to your minimum monthly payments, you may feel pressure to put off other financial goals, like saving for retirement or buying a home. Especially in light of the coronavirus pandemic—which caused tens of millions of people to file unemployment claims in —finding a well paying job after graduation may be difficult. And if you have hefty student loan debt that exceeds your income, you may struggle to make ends meet. However, that may not be realistic. The rest of the students were either still in school or dropped out. Taking six years or more to graduate can cause you to leave school with even more debt, and it may be difficult to dig yourself out. Is a college degree worth it?

Not for everyone. Attending community college is substantially cheaper than attending a four-year college or university. For example, the following career paths require two-year degrees and have above-average salaries:. Trade schools, vocational schools or technical colleges provide hands-on training for different skilled careers.]