It prepares you, both intellectually and socially, for your career and your adult life. The benefits of a college education include career opportunities like better paying and higher skilled jobs, but studies have shown that it also leads to overall happiness and stability.
Cost-Benefit Analysis. For many people, having a college degree of any major is likely to increase lifetime earnings better than having a high school degree alone. The disparity in income between college and high school graduates is increasing, even though middle-class incomes have been stagnant for more than a decade.
10 Benefits of Having a College Degree
There is a myth that if you have a college degree, you have a job. The fact is that approximately 53% of college graduates are unemployed or working in a job that doesn't require a bachelor's degree. It takes the average college graduate three to six months to secure employment after graduation.
The study reveals that college graduates have higher levels of employment and income. ... In fact, the study found that 80% of bachelor's degree holders are employed full time, compared with just half of their peers who started college but did not finish.
The answer is in landing the job. Getting a job that pays $100k is much much much harder than getting into a college even getting into a really prestigious university. ... That makes getting admitted to a lot of universities that have an acceptance rate of 10-20% look unbelievably easy.
2) Finding a Job and Remaining Employed
Let's face it, a college degree holds a higher prestige than a high school diploma, and many people seem to appreciate those who've made the effort and graduated. According to a 2016 study by Georgetown University, the majority of the jobs still go to bachelor's degree graduates.
Either choice has advantages and disadvantages that affect your post-college life.
Is A Degree Worth the Debt? In 2020, the answer isn't a cut and dry “yes.” Tuition costs are swelling. Student loans and consumer debts loom heavily over grads for decades. A degree no longer equals long-term wealth, or even a good job.
There's more to any job than just the take-home pay. Better-paying jobs, most of which require a college degree, can also offer better perks, like retirement contribution matching, health insurance, health savings accounts, childcare stipends, tuition reimbursement and commuter benefits.
Does it guarantee you'll land a successful job? ... Going to college doesn't equal getting a good job. Having a degree proves you're able to learn, and that's it. The typical college setting doesn't teach several of the skills that graduates need after they leave campus.
In fact, it is a national pattern. According to a 2013 study conducted by the Federal Reserve Bank of New York, only 27 percent of college graduates landed a job closely related to their majors.
The 2016/17 HESA survey shows that 81 per cent of people who finished their undergraduate degree three years ago are in full- or part-time work. That's compared to data from the Office for National Statistics, which shows that 74.5 per cent of the total working-age population are in work.
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