Is College Worth It? Damn Right It Is!

Many so-called experts claim college isn’t worth what students and families pay for it. This is especially true, they say, because students must borrow so much and, besides, there are lots of great job opportunities right out of high school.

This is rubbish! Pure baloney! How do we know? Because almost everyone who says it has a college degree. And they’re in jobs requiring college degrees.

Want to earn more and reduce your chances of unemployment? Get as much education as you can handle:

2015 Earnings and Unemployment by Education Level of Americans 25 and Older

Education Median Weekly Earnings Unemployment Rate

All

$860

4.3%

No High School Diploma

$493

8.0%

High School Diploma

$678

5.4%

Some College, No Degree

$738

5.0%

Associate’s Degree

$798

3.8%

Bachelor’s Degree

$1,137

2.8%

Master’s Degree

$1,341

2.4%

Doctoral Degree

$1,623

1.7%

Professional Degree

$1,730

1.5%

Source: U.S. Bureau of Labor Statistics.

Small wonder College Board found that 90% of college graduates from America’s lowest-income families moved up to higher income levels than their parents.

And that student debt? 2015 college graduates borrowed an average of $30,100 while in school. At the very most, it’ll cost them $69,356 to repay such a debt. That’s a lot! But median lifetime earnings for Americans with bachelor’s degrees is $954,000 more than for those with high school diplomas. Result? At least $13.75 earned for every dollar repaid — not a bad return!

Do you want to help make America great again? Get more education. The Congressional Research Service reported that, in 2013, 21% of Americans who only finished high school lived in poverty while just 7% of those with bachelor’s degrees were in poverty.

The College Board found that households headed by parents with high school diplomashappy graduates were as much as six times more likely than those with bachelor’s degrees to rely on expensive public assistance programs, and that Americans vote more, volunteer more, and pay more taxes as they become more educated.

Don’t overspend on college. Don’t seek a bachelor’s degree if you’re after a career requiring a less-expensive associate’s degree. And don’t borrow more than you absolutely need. But don’t let the phonies fool you, either! A college degree is the best investment you’ll ever make in yourself!

College Affordability Solutions brings 40 years of experience to help students and families figure out ways to pay less for college. Call (512) 366-5354 or email collegeafford@gmail.msn for such help.

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