Explain Why College Is Worth The Cost Of Education Essay

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There have been many inspirational stories of millionaires who were college dropouts, which raises the question if college is really worth the cost. College is worth its cost because it allows students to learn new skills to help prepare them for a job, and the returns after college exceed the initial investment. Firstly, colleges are worth the cost as they give students the opportunity to learn a wide variety of skill sets that could be applicable to many jobs. Students have the freedom to follow their passion and earn a degree in their desired area of study, which helps them develop the “capacity for innovation and for judgment” (Roth). These habits are developed in college and the education “remains a resource years after graduation” because …show more content…
Even a few decades ago, “full time workers with a bachelor’s degree made 40 percent more than those with only a high school diploma” (Leonhardt). The gap has increased further to 83 percent between wages with bachelors degrees and without. Job security also increases with a college degree, and college graduates are “far less likely to be unemployed than non-graduates” (Leonhardt). With the lack of education and experience, individuals who did not attend college believe “they are earning $20,000 a year less” compared to those with a degree (Pew). This evidence comes from the Census Bureau, which reports the “median gap in annual earnings between a high school and college graduate” to be $19,550, just shy of the $20,000 estimate (Pew). The individuals’ beliefs are not flawed as data backs up their claims. These beliefs are the result of the experience and knowledge college provides which helps students in the long run and gives them an edge over non-graduates. Pew and Leonhardt agree that while some colleges could initially be expensive for some, the returns after college from a degree outweigh the

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