College Costs

Kevin Corley

Those who receive college degrees are often highly respected and considered to have a greater opportunity to be successful in life. However, with the current college costs, unemployment rates, and a recession, is the cost of college really worth? According to a CBS article, students leave college with a nationwide average debt of $22,000. Some people argue that the debt is not worth it, while others see an education as a potential for their future. Tyler Kemper, according to the CBS article, believes that a college is not worth it as he already has the skills necessary to rebuild engines and can do so on the side. If an individual begins working immediately upon graduating high school, they begin making money right away. These people can begin making money immediately upon graduation.

On the contrary, Don Bobbit states that while initially a college education may cost more, in the end, a college education is worth about 2.1 million dollars over a lifetime. A college degree opens so many doors to a a graduating individual. Those who do not have an education will never have the same opportunities as those who do. Considering a college education is worth about 2.1 million dollars over a lifetime, it is certainly a good long term investment.

All factors considered, a college education is certainly worth the cost regardless of the current economic conditions. While some believe it incurs too much debt, they will never have the enormous opportunities that someone with a college education will have. Even if it take a few years to pay off loans, the long term opportunities are so great for an individual with a college degree. Once loans are paid off, people with college degrees will make more in their first few years working than most people can only dream of making without a college degree. While the current economic situation may be dismal and makes a obtaining college degree more risky, it is certainly a risk worth taking.